Significant growth in foreign trade has been reported for southwest China's Xizang Autonomous Region in the first half of 2024. The region's import and export value surged by an impressive 132.4 percent year-on-year, reaching over 3.8 billion yuan (approximately $522.7 million), according to data from local customs.
Xizang's export value rose by 122.9 percent to exceed 3.2 billion yuan, while its imports increased to 591 million yuan, marking a 202 percent year-on-year rise. This rapid growth places Xizang at the forefront of national trade growth rates.
The number of Xizang's foreign trade partners expanded by 36 compared to the same period last year. The region's key trade commodities include labor-intensive products and mechanical and electrical goods.
Private enterprises played a crucial role in this surge, accounting for over 90 percent of the region's foreign trade. These enterprises contributed approximately 3.72 billion yuan to the total import and export value, reflecting a 133.7 percent year-on-year increase.
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