Pingxiang, located in Guangxi Zhuang Autonomous Region, its imports and exports value in January reached nearly USD 355 million, with a surge of 237.86 percent year on year, accounting for 24.62 percent of Guangxi total foreign trade, and ranked first in Guangxi. Its increasing range of imports and exports is higher of 193.46 percentage points than the national average level. Among which, export value realized USD 335 million, soaring by 266.16 percent year on year, accouting for 36.68 percent of Guangxi export value in January, and the growth rate is higher of 245.16 percentage points than the national average level.

Major exported commodities include mechanical and electrical products, textiles, fruits and vegetables, etc.

Imported commodities mainly include dendrobes from Thailand and fresh fruits, rosewood furniture, mineral products, printers from Vietnam.

The double increase of imports and exports value in January, to a large extent, owes to the China-ASEAN average tariff adjustment from 9.8 percent to 0.1 percent as the launch of the Free Trade Area, which reduced the operation cost for the enterprises dramatically.

Meanwhile, steady promotion of Guangxi bonded logistics system brings vigor and vitality to Guangxi-ASEAN bilateral trade, continual optimization of commodity structures and simplification of customs clearance promoted the rapid development of port economic.