Breaking through "10 trillion", the growth rate of China's import and export volume in the first quarter reached a new high.

In the first quarter, the import and export volume of China's trade in goods exceeded 10 trillion yuan for the first time in the history of the same period, and the growth rate reached a new high in six quarters. As a supplier of professional export cable products in China, Boying's export data of data transmission cable , car cigarette lighter cable and custom cable  in the first quarter also performed well.

In the "report card" of foreign trade data in the first quarter, the foreign trade of traditional foreign trade provinces Guangdong, Jiangsu and Zhejiang reached a record high. Among them, Guangdong's foreign trade exceeded 2 trillion yuan for the first time, ranking first in the country; Jiangsu ships, automobiles and parts and other mechanical and electrical products exports have maintained double-digit growth; Zhejiang market procurement, cross-border e-commerce import and export growth rate is better than the country.

Customs statistics show that in the first quarter of this year, the number of foreign trade enterprises with import and export performance increased by 8.8% year-on-year. Among them, the import and export of private enterprises was 5.53 trillion yuan, an increase of 10.7%, accounting for 54.3% of the total import and export value. Private enterprises have also become a new force leading innovation and creation, and are the largest import and export subjects of high-tech products in China, making important contributions to the accelerated development of new quality productivity in the field of foreign trade.

It is innovation and quality that make Chinese goods so popular all over the world. For example, with reliable and durable, strong performance, perfect after-sales Chinese construction machinery sold worldwide, to bring consumers a better experience. For another example, cross-border e-commerce is the fastest developing, the greatest potential, the strongest driving role of the new form of foreign trade, but also to promote foreign trade transformation and upgrading, high-quality development of new channels, the first quarter of this year, cross-border e-commerce overseas warehouse exports increased by 11.8%. Cross-border e-commerce, general trade and processing trade together constitute China's three major trade modes, and have become a new driving force for foreign trade growth.

In the central and western regions, the total import and export value of goods in the first quarter of this year was 2.178 billion yuan, up 216.7 percent year on year, maintaining the highest growth rate in the country. The import and export of provinces and cities along the new land-sea corridor in the west of Guangxi Port maintained double-digit growth.

The encouraging import and export figures in the first quarter highlight the strong resilience of China's foreign trade and boost people's confidence in achieving this year's economic growth target. As an industrial supply chain of the cable & wire harness industry, Boying Company will continue to enhance its comprehensive competitive advantage and lay a solid foundation for sustained export growth.