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Taixing posts 19.6% hike in foreign trade

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etaizhou.gov.cn|Updated: November 25, 2024

In the first three quarters of the year, Taixing city, East China's Jiangsu province, recorded a 19.6 percent increase year-on-year in foreign trade to $4.58 billion.

Of that, exports came in at $2.85 billion and imports totaled $1.74 billion, up 19.2 percent and 20.1 percent, respectively.

One of the star performers was local fine chemical products manufacturer Jiangsu Zhongdan Group.

Faced with particularly tough market competition, the company is now advancing transformation and upgrading of foreign trade, extending from selling products to selling services and brands.

The group's total import and export value from January to September hit $21.8 million, up 17.2 percent year-on-year.

Elsewhere, in the Taixing Economic Development Zone, manufacturer Taixing Jinjiang Chemical Industry has successively launched 350,000 metric tons per annum of ethyl acetate and 450,000 tons of acetate production lines, taking its annual output capacity to 1 million tons.

By continuously increasing efforts to explore emerging markets, the company has diversified market risks and achieved steady growth in sales.

From January to September, its total import and exports value hit $260 million, rising 13 percent year-on-year.

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The production plant run by Taixing Jinjiang Chemical Industry. [Photo/WeChat account: txfabu]

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