According to Nanning Customs lately, from January to May, the gross import and export value of Nanning reached 32.68 billion yuan, an increase of 27.1% compared with that of last year, keeping growth momentum. In May particularly, Nanning's import and export value was 8.43 billion yuan, surging by 44.3%.
Reportedly, the growth was fueled by the continuous increase of the processing trade and the imports and exports of private enterprises. In the first five months, Nanning's import and export value of processing trade was 21.77 billion yuan, accounting for 66.6% of the gross volume of Nanning's foreign trade, up by thirty percent, which was a major driving force promoting the growth of Nanning's imports and exports. Meanwhile, Nanning's private enterprises have also achieved remarkable growth in this regard. The import and export value of 12.2 billion yuan, rising by 60.2%, has boosted the growth of Nanning's foreign trade by 17.8 percentage points, and is an important engine steadily driving forward Nanning's foreign trade.