Shaanxi’s Gross Export Value Approximating 200 Billion Last Year with the Growth Rate Ranking Second in China and First in West China

2017-03-13 17:53:40 , Source : The Government Website of Shaanxi Province

The reporter was informed by the Section of International Balance of Payment of Shaanxi Branch of State Administration of Foreign Exchange that the foreign-related revenue and expenditure of Shaanxi in 2016 declined by 3% year on year, and that the export enterprises in Shaanxi operated steadily.

In 2016, the total foreign-related revenue and expenditure with banks as agents in Shaanxi was US 39.34 billion dollar, with a decrease of 3% year-on-year, wherein, the foreign-related revenue was US 20.38 billion dollar, increasing 7.2%; and the foreign-related expenditure was US 18.96 billion dollar, decreasing 12%. Based on the balance of payment structure, the foreign-related revenue and expenditure from trade in goods in Shaanxi was US 26.51 billion dollar, decreasing 8.6%; that from the service trade was US 3.83 billion dollar, increasing 8.9%; and that from the direct investment was US 5.33 billion dollar, increasing 27.9%. In January 2017, the total  cross-border revenue and expenditure in Shaanxi was US 2.53 billion dollar, decreasing 5.8%, year-on-year.

According to statistics from Xi’an Customs, the gross value of imports and exports in Shaanxi in 2016 was RMB 197.48 billion Yuan, increasing 4.2% year-on-year, which was 5.1% higher than the national level. Shaanxi’s growth ranked the second in China and the first in West China. According to statistics from commercial departments, the foreign-invested enterprises newly approved in Shaanxi was 116, increasing 3.6% year-on-year and the foreign investment in actual use was US 5.01 billion dollar, increasing 8.5% year-on-year.

Meantime, the questionnaire to 52 key import and export enterprise in Shaanxi by Shaanxi Branch of State Administration of Foreign Exchange in the fourth quarter of 2016 indicates, the export enterprises in Shaanxi operate stably and the overseas purchases and orders in hand increase on a quarterly basis. Most of the export enterprises are optimistic to the future development. The export sales of 76.48% enterprises increase or maintain stable compared to the previous quarter; the orders in hand of export products of 74.52% enterprises increase or maintain stable; and the export margins of 76.47% enterprises increase or maintain stable. As for export situation in the first quarter of 2017, 64.71% enterprises predict that the export sales will increase or remain unchanged; 68.63% enterprises predict that the orders in hand for export will increase or remain unchanged; and 84.31% enterprises predict that the profit status will improve or remain unchanged.

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