In the first four months of 2024, the foreign trade sector in Taicang, Suzhou, Jiangsu province, demonstrated remarkable resilience and vitality.

Total foreign trade volume reached a record high of 36.57 billion yuan ($5.05 billion), marking a 6 percent increase compared to the same period last year. Exports surged to 20.25 billion yuan, an 8.9 percent year-on-year growth.

Local private enterprises played a pivotal role in propelling Taicang's foreign trade expansion. Meanwhile, companies with foreign investments maintained steady import and export activities, contributing to overall stability. Trade with Germany experienced notable acceleration, outpacing the general growth rate.

Additionally, Taicang's trade with countries involved in the Belt and Road Initiative demonstrated steady progress.

Notably, exports received significant support from sectors such as container goods, ships, and auto parts. Mechanical and electrical products emerged as the primary export commodities, witnessing a substantial growth rate of 11.8 percent during the period.

An aerial view of Taicang. [Photo/WeChat account: tcfbgw]