The Xinjiang Uygur Autonomous Region in Northwest China has achieved remarkable growth in its foreign trade sector, surpassing the 200 billion yuan mark two months earlier than last year. The region saw a year-on-year growth of 48.4 percent in its trade volume during the first half of this year.
From January to June, Xinjiang’s imports and exports reached 220.63 billion yuan ($30.95 billion), setting a new record for this period.
The five Central Asian countries emerged as Xinjiang’s largest trade market, with the import and export value increasing by 23.9 percent year-on-year. Trade with Kazakhstan and Kyrgyzstan saw notable increases of 45.8 percent and 8.7 percent, respectively, compared to the same period last year.
Xinjiang is continuously integrating into the global market and exploring emerging markets, engaging in trade with 205 countries and regions worldwide during this period.
Pilot Free Trade Zones (FTZs) and the region’s integrated bonded areas have become significant drivers of Xinjiang’s foreign trade growth.
In the first half of this year, the import and export value of the first pilot FTZ in China’s northwest border area reached 72.82 billion yuan. Additionally, the total import and export value of the four integrated bonded zones—Kashgar, Horgos, Alataw, and Urumqi—hit 95.39 billion yuan, accounting for 33 percent and 43.2 percent of Xinjiang’s total foreign trade, respectively.
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