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Sichuan Reports Largest Export Growth in China for First Two Months-with up to 37.5% in February

  Export growth remains strong in Sichuan despite of extraordinarily harsh export situation. The figures released by Chengdu Customs on the 9th show that, export volume in Sichuan from January to February increased by 25.7%, the largest growth in China. Only 3 provinces in China recorded positive export growth for the same period.

  According to the statistics by Chengdu Customs, accumulative volume of export and import in Sichuan in January and February 2009 hit 2.67 billion US dollars, ranking the first in Middle and Western China. Export value reached 1.76 billion US dollars in total. Driven by this robust growth, the total volume of export and import in Sichuan from January to February ranks 3 places higher compared with the figures of the same period last year.

  The figures indicate that, the export value in February amounted to 780 million US dollars, representing a year-on-year increase by 37.5%, one fifth more than the growth rate for January. It is worth mentioning that, import decline for the same period decelerated, fall rate significantly narrowing down from almost 40% last month to 7.3%.

  The analysis by the Administration for Commerce of Sichuan Province said that, the measures in the Comments of the Sichuan Provincial Government on Maintaining Steady and Quicker Growth of Foreign Trade released in mid February have brought forward favourable effects. Various governmental departments help domestic enterprises get orders and boost their confidence in market expansion with unprecedented strength. With the support of these polices, major exporters such as Changhong, Wuliangye, New Rise and Leshan Phoenix stopped declining and began to rise.

  Robust export was recorded in predominant sectors; international project contracting proved to be the driving force for large volume exports of equipment sets for companies engaging in foreign trade such as Sichuan Petroleum Administration, Dodem Industry Group and Sichuan Machinery & Equipment Imp. & Exp. Co., Ltd. Besides, light textile sectors such as garment, footwear and suitcase maintain steady momentum of export growth.

 
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