Nanjing records 5.6% GDP growth in H1

Nanjing’s economic performance in the first half of 2023 is noteworthy. The city’s gross regional product reached 831.692 billion yuan, marking a year-on-year growth of 5.6%. Nanjing’s foreign trade import and export value stood at 291.49 billion yuan, accounting for 11.7% of the province’s total import and export value.

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Notably, trade with countries along the “Belt and Road” saw significant growth. Nanjing’s top five trading partners were the European Union, South Korea, ASEAN, the United States, and Japan. Imports from South Korea and ASEAN amounted to 42.47 billion yuan and 41.63 billion yuan, respectively, representing increases of 17.2% and 3.5%. Additionally, the city’s import and export value with countries along the “Belt and Road” reached 87.76 billion yuan, reflecting an 11.4% increase.

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Regarding trade products, Nanjing’s exports of electromechanical products reached 89.25 billion yuan, accounting for 52.7% of the city’s total exports, and experiencing a 5.7% increase.

These positive economic indicators highlight Nanjing’s growing prominence as a key economic hub.

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