Characteristics of Quanzhou's Foreign Trade

Quanzhou's foreign trade is characterized by the following:

Strong growth in major trading partners, including the main export markets for ASEAN, the EU, the United States, and import markets Saudi Arabia a standout, South Africa, the EU, the United States, Japan, ASEAN, Taiwan and other major import markets such as China's rapid growth. Transformation and upgrading of traditional commodities is obvious, Quanzhou City, exports of textiles, clothing, furniture, bags, footwear, plastic products, toys and other seven categories of traditional labor-intensive products gained a lot.

The effect of the "Sea Silk" advance zone is obvious, and the main imports are mainly crude oil, electromechanical products, high-tech products, soybeans, plastics in primary shapes, pulp and other raw material-type commodities, etc. In 2018, the import of crude oil in Quanzhou grew by 20.9% year-on-year, accounting for 44.4% of the total value of Quanzhou's foreign imports during the same period, and it mainly came from Saudi Arabia, Iraq and other "advanced countries", such as the United Arab Emirates. From Saudi Arabia, Iraq and other "Belt and Road" countries, respectively, imports of electromechanical products increased by 296.4%, high-tech products increased by 498.5%.

Quanzhou City Profile:

Quanzhou City, also known as Carp City, prefecture-level city under the jurisdiction of Fujian Province, is one of the central cities of the Economic Zone on the West Coast of the Taiwan Straits as approved by the People's Government of Fujian Province, a modern industrial and trade port city. Located in East China, Quanzhou has a subtropical maritime monsoon climate with favorable climatic conditions. As of 2020, the city*** has four municipal districts, three county-level cities and five counties under its jurisdiction, with a total area of 11,015 square kilometers, and a resident population of 8,782,300 according to the seventh census.

Quanzhou has a long history, economic development began as early as the Zhou Qin period, the Three Kingdoms Wu Yongan three years, in the town of Fengzhou, Nan'an City, set Dong'an County, the end of the Western Jin Dynasty, the Central Plains war, a large number of scholars into the spring; the South Dynasty, Liang Tianjian between the Nan'an County as a county, for the beginning of the local set up counties, counties. Quanzhou is the only United Nations recognized as the starting point of the Maritime Silk Road, included in the national "One Belt, One Road" strategy of the 21st Century Maritime Silk Road Pioneer Zone, is the first batch of national historical and cultural cities, the first East Asian Cultural Capital, is a world heritage city.