Wuxi's foreign trade has achieved a good start and achieved a "good start". On the 17th, Wuxi Customs released data showing that Wuxi's cumulative foreign trade imports and exports from January to February this year amounted to 119.58 billion yuan, a year-on-year increase of 4.8%, 3.1 percentage points higher than the province's total, accounting for 13.8% of the province's foreign trade imports and exports.

Wuxi's foreign trade started solidly, and behind it lies the foundation of forging industrial advantages. Customs data shows that in the first two months of this year, the import and export volume of mechanical and electrical products remained stable and strengthened, accounting for 70% of the total, a year-on-year increase of 12%. Especially in the integrated circuit industry, the growth rate reached 50%, playing a more positive role in driving foreign trade growth.

The continuous "intensification" of foreign-funded enterprises is also a strong engine driving the growth of foreign trade.

Since the beginning of this year, GE Healthcare Wuxi base has maximized its production capacity, delivering various clinical nursing equipment such as ultrasound, anesthesia, monitoring, and ventilators with high quality, and the import and export volume has steadily increased. GE Healthcare Wuxi Base is the world's largest ultrasound center and the most comprehensive production base for clinical diagnostic medical products. It is also the only research and production base of GE Healthcare with a full line of ultrasound products.

On March 11th, the GE Healthcare Ultrasound Greater China headquarters project started construction in Wuxi. GE Healthcare will continue to introduce new products and production lines at its Wuxi base, upgrade the green supply chain ecosystem, lead intelligent creation and digital innovation, and further enhance domestic research and development innovation capabilities to create a high-end medical device ecosystem.

Foreign investment is an important force in building a new development pattern, "said the person in charge of the Comprehensive Business Department of Wuxi Customs. Wuxi strengthened the linkage between foreign trade and foreign investment, promoted the optimization and upgrading of the industrial chain, and in the first two months, the import and export of foreign-invested enterprises reached 67.14 billion yuan, a year-on-year increase of 10.4%, accounting for 56.1% of the total.

In the production workshop of Wuxi Xinmai Machinery (China) Co., Ltd., brand new egg beaters and ovens are neatly arranged, and workers are skillfully carrying out the final debugging and packaging work.

This batch of baking machinery worth 790000 yuan will be exported to Indonesia, "said Liu Biqiao, manager of the overseas affairs department of Xinmai Machinery (China) Co., Ltd. With the continuous expansion of the global baking food market, the rise of home baking fever, and the expansion of professional baking shops, the overseas demand for baking equipment has surged. Since the beginning of this year, the company has received a large number of orders from overseas, and factories, warehouses, logistics and other departments are working overtime to deliver new machines.

In recent years, Xinmai Machinery has focused on ASEAN countries as its main market, while also continuously expanding into emerging markets such as Central Asia and India. The competition in the baking industry is quite fierce. We have improved the trust of overseas customers through technological innovation, product upgrades, and service optimization. Now, foreign trade exports account for more than 60% of the company's total business

Accelerating the development of emerging markets by enterprises is a vivid footnote to enhancing the resilience of foreign trade. In the first two months of this year, the city's imports and exports to South Korea, ASEAN, the European Union, Japan and the United States increased by 12.2%, 10.8%, 10.3%, 2.8% and 5.5%, respectively. Over the same period, the city's imports and exports to RCEP countries increased by 8.2%, and its imports and exports to countries jointly building the "the Belt and Road" increased by 2%. The dual efforts of traditional and emerging markets support the more stable and healthy development of foreign trade.

The relevant person in charge of the Municipal Bureau of Commerce stated that this year, they will continue to carry out the "Thousand Enterprises and Ten Thousand People Overseas Business Negotiation and Order Expansion" action, organize 193 overseas goods trade exhibitions, and support enterprises to make good use of domestic exhibition platforms such as the China International Import Expo, Canton Fair, and China International Fair. They will explore emerging markets such as ASEAN, Latin America, and Africa, strive to gain more market share in the global market, encourage strong enterprises to actively set up overseas locations, build international production, marketing, and service networks, and make every effort to promote stable and high-quality foreign trade imports and exports.