CHINA'S TIANJIN PORT SEES ROBUST TRADE GROWTH IN Q1

North China's Tianjin Port saw its foreign trade top 498 billion yuan (US$72 billion) in the first quarter of 2023, up 24% year on year, according to Tianjin Customs, although it didn't disclose volumes handled at the port during the period.

 

State media reported that from the January-March period,  Tianjin Port's trade with countries along the Belt and Road totalled 180.77 billion yuan (US$26.16 billion), up 49.7% year on year.

 

Xinhua said the port's trade with its major partners — the Association of Southeast Asian Nations, the European Union, the United States, Australia, the Republic of Korea and Brazil —  accounted for 56.9% of its total foreign trade volume in the first three months of this year.

 

The port's exports of mechanical and electrical products grew 45.3% to 111.56 billion yuan (US$16.14 billion) in the first quarter.