Foreign Trade Situation Tends To Warm Up And Usher In Opportunity

In 2014, the total volume of foreign trade and import and export in Xinjiang was 170 billion 10 million yuan, down 0.5% compared with the same period last year.

Among them, exports were 144 billion 280 million yuan, a small increase; import trade performance was low, 25 billion 730 million yuan, down 21.4% compared with the same period last year.

General trade grew rapidly, an increase of 14.6% over the previous year, accounting for 39.8% of Xinjiang's total foreign trade.

Border trade amounted to 87 billion 400 million yuan, down 1.7%, accounting for 51.4% of the total value of foreign trade.

Private enterprises dominate import and export.

The frontier trade of Xinjiang port reached 77 billion 280 million yuan through the import and export of private enterprises, an increase of 24.9% over the same period last year, accounting for 88.5% of the total value of imports and exports of Xinjiang border ports in the same period, of which 74 billion 990 million yuan was exported, an increase of 24.9%, and imports of 2 billion 280 million yuan, an increase of 23.8%.

Over the same period, the total import and export volume of state-owned enterprises was 10 billion 80 million yuan, down by 62.6% overall.

"From the data point of view, in 2014, Xinjiang's exports mainly shifted from negative to positive, and the situation continued to warm up. Imports continued to decline, and the decline gradually narrowed. The export of traditional commodities and high value-added products resumed growth.

The momentum of diversification is good.

However, the share of major trading partners has declined, private enterprises are still dominant, foreign-funded enterprises have slightly improved, border trade has rebounded sharply, and export processing trade has bright spots.

Tang Fei, an Associate Research Fellow of the Economic Development Research Institute of the NDRC.

As export enterprises further diversify the market, Xinjiang's export to emerging markets has maintained a momentum of rapid growth. From the trade market, the five Central Asian countries are still the most important trading partners.

Meanwhile, emerging markets are developing well.

Kazakhstan remains the largest trading partner with a total trade value of 62 billion 220 million yuan.

The total value of foreign trade is 36.6%.

Xinjiang's import and export trade with Russia, India and Tajikistan increased by 13 billion 220 million yuan, 2 billion 730 million yuan and 12 billion 360 million yuan, respectively, 3.7 times, 27.9% and 26% respectively.

At present, Xinjiang's exports of local products, including exports of agricultural products and mechanical and electrical products, have gradually taken on scale.

There are 3 demonstration zones in Korla, Tacheng and Yining as food and agricultural products export bases.

Meanwhile, in recent years, the added value of Xinjiang's Electromechanical industry has increased year by year in proportion to Xinjiang's industrial added value, and has become the fastest growing industry in Xinjiang.

And initially formed an industrial system mainly based on pmission and pformation equipment, new energy equipment, automobiles, agriculture and animal husbandry machinery, petroleum and petrochemical equipment.

A large number of well-known large and large enterprises at home and abroad invest in electromechanical equipment manufacturing industry in Xinjiang.

With the rapid growth of export of mechanical and electrical products in recent years, the export share of mechanical and electrical products will expand year by year.

Lanxin's high-speed rail and Sino Kazakhstan railway are officially opened, and the operation of international freight trains from Xinjiang to Central Asian countries in 2014 will largely solve the bottleneck problem of pport in our region's foreign trade.

According to Tang Fei analysis, the impact of the sharp depreciation of Kazakhstan's currency will gradually slow down this year. On the other hand, the construction of the Silk Road Economic Belt will enter the stage of planning and formulation. The central and local intensive measures to promote foreign trade will boost the momentum of import and export of our region and new trading partners.

At the same time, China and Kazakhstan's second railways have been officially put into operation and replacement stations, and the steady progress of Kashi and Huoerguosi economic development zones and the smooth progress of Huoerguosi cooperation center construction. In 2015, Xinjiang's foreign trade is expected to recover to more than 6% growth.