source: editor:Zhang Wenni
Economic and trade relations between Xi'an and ASEAN (Association of Southeast Asian Nations) are strengthening progressively, with the scale of trade expanding consistently. ASEAN has emerged as Xi'an's largest trading partner, reflecting a robust growth trajectory.
In the first ten months, Xi'an's trade with ASEAN totaled 63.5 billion yuan, up 21.6% year-on-year and representing 16.1% of the city's total foreign trade. Foreign-invested enterprises accounted for 76.5% of this trade, with their value rising by 19.5%.
Xi'an's trade with ASEAN is dominated by processing trade, with general trade experiencing significant growth. In the first ten months, processing trade totaled 45.584 billion yuan, 71.8% of trade with ASEAN, up 15.09% year-on-year. General trade, at 14.792 billion yuan and 23.3%, grew 34.09%, driven by exports reaching 10.812 billion yuan—a remarkable 50.55% growth—serving as a key driver for Xi'an's export expansion to ASEAN.
Within ASEAN, Xi'an's top trading partners are Malaysia, Vietnam, Singapore, and Indonesia, comprising 90.3% of its trade with the bloc. Malaysia leads, representing over 50% of the total. In the first ten months, trade with Malaysia reached 33.35 billion yuan, up 35.3% year-on-year, underscoring the robust vitality of their bilateral trade.
Xi'an's exports to ASEAN are predominantly mechanical and electrical products, totaling 53.52 billion yuan in the first ten months, a 23.8% increase year-on-year, and making up 94% of Xi'an's ASEAN exports. Intermediate goods, such as integrated circuits and data processing equipment, constitute nearly 80% of this category, aligning closely with ASEAN industries like electronic information and new energy, thereby fostering a strong industrial collaboration.
Xi'an predominantly imports high-tech products and bulk commodities from ASEAN, with high-tech imports totaling 4.71 billion yuan in the first ten months, accounting for 71.5% of its ASEAN imports. Notably, imports of computer-integrated manufacturing technology surged by 185.3% year-on-year, significantly supporting Xi'an's electronic information industry.