Nanjing’s foreign trade performance in the first quarter of this year has been impressive.

The city’s total import and export value amounted to 144.32 billion yuan, indicating a 5.9% increase from the previous year. Of this figure, exports accounted for 83.43 billion yuan, which is a 7% increase year-on-year, while imports reached 60.89 billion yuan, indicating a 4.5% increase year-on-year.

Nanjing’s imports from and exports to ASEAN and South Korea were 23.66 billion yuan and 21.48 billion yuan, up 40.7% and 24.1% respectively. Nanjing’s export and import statistic totaled 16.28 billion yuan trading with the United States, an increase of 2.4%.

Furthermore, exports of new energy products such as lithium batteries and solar cells have seen substantial growth in the first quarter of this year. Nanjing exported 46.9 billion yuan of mechanical and electrical products, which represents an increase of 17.9% from the previous year, accounting for 56.2% of the total export value. Of this amount, lithium-ion batteries, solar batteries, electric vehicles, and other newenergy products’ exports experienced a remarkable growth of 58.6%, 36.1%, and 380.8%, respectively, pulling Nanjing’s exports by 4.2 percentage points.

Overall, the city’s focus on new energy products, such as lithium batteries and electric vehicles, has contributed significantly to its export growth, and it is expected that this trend will continue in the future.