The total value of exports and imports in Maoming saw a year-on-year increase of 119.6 percent to 3.94 billion yuan ($602.17 million) in the first two months of 2021, according to statistics recently released by Maoming Customs.

The city's export value in the first two months of this year was 3.25 billion yuan, an increase of 114.6 percent year-on-year, while its import value reached 690 million yuan, a year-on-year increase of 146.8 percent.

The Huanglong freighter arrives at Bohe New Harbor's Guanggang Wharf on March 4, marking the launch of the import and export businesses in the area. [Photo/WeChat account: maofabu]

In terms of trade methods, the imports and exports of general trade from January to February saw an increase of 127 percent to 3.75 billion yuan, or 95 percent of Maoming's total foreign trade. The import and export total of bonded logistics reached 99.06 million yuan, with no imports and exports of this kind in the same period of the previous year to compare with.

In terms of enterprise categories, the imports and exports of private enterprises in Maoming in the first two months of this year saw a year-on-year increase of 119.2 percent to 3.5 billion yuan, comprising 88.8 percent of the city's total foreign trade.

Foreign-funded enterprises in Maoming had a total import-export volume of 390 million yuan, a 105.3 percent year-on-year increase and 9.8 percent of the city's total foreign trade. The imports and exports of State-owned enterprises reached 26.16 million yuan, an increase of 178.8 times.

Over the period, the United States, the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) were the main national markets for Maoming's exports, while the main sources of imports to Maoming were US, ASEAN and Malaysia.

Exports to US from Maoming in the first two months of this year amounted to 690 million yuan, up 118.1 percent year-on-year, while imports from US to Maoming were 320 million yuan, a 164-fold increase.

Mechanical and electronic products, aquatic products and textiles and garments were Maoming's main export commodities in January and February. These had an export value of 1.33 billion yuan, 440 million yuan, and 290 million yuan respectively, with a year-on-year growth rate of 183.4 percent, 39.2 percent and 99.1 percent.

The imports of garments and accessories in Maoming also saw a year-on-year increase of 263.7 percent to 120 million yuan.