Product Portfolio Optimization and Emerging Market Expansion Accelerate

Deep News
May 03

On April 29th, the intelligent production workshop of Sailun (Shenyang) Tire Co., Ltd. was a hive of activity, with fully automated smart production lines operating at high speed. Tires rolled off the assembly line one after another, ready to be shipped to countries including Mexico, Nigeria, and South Korea. "The company's export value increased by 23.8% year-on-year in the first quarter, marking a positive start for our further expansion into the international market," said Cui Shide, Director of the Comprehensive Office.

This national-level green factory has been focusing on the high-performance all-steel radial truck tire sector in recent years. Its newly developed tires for new energy vehicles significantly improve resistance to twisting and wear tear, leading to a continuous expansion in export volume. According to statistics from Shenyang Customs, the total import and export value of the province in the first quarter reached 193.48 billion yuan, setting a new historical high for the period and representing a year-on-year increase of 4.5%. Exports amounted to 104.22 billion yuan, surpassing the 100-billion-yuan mark in the first quarter for the first time, with a growth rate of 9.6%.

The shift in structure is more noteworthy than the figures themselves. In the first quarter, the province's exports of mechanical and electrical products totaled 57.37 billion yuan, a surge of 27.1% year-on-year, accounting for 55% of the total export value. A detailed breakdown shows ship exports reached 13.52 billion yuan, up 146%; electronic component exports were 7.58 billion yuan, rising 65.5%; automobile exports hit 2.55 billion yuan, increasing by nearly 70%; and integrated circuit exports amounted to 6.58 billion yuan, growing 78.2%. These high-value-added products are becoming the main drivers of Liaoning's export growth.

Simultaneously, private enterprises are playing an increasingly prominent role in foreign trade. In the first quarter, the import and export value of private enterprises in the province reached 105.67 billion yuan, up 7.4% year-on-year, accounting for 54.6% of the province's total foreign trade value—an increase of 1.5 percentage points compared to the same period last year. Foreign-invested enterprises recorded import and export values of 59.21 billion yuan, a growth of 3%. The sustained vitality of market entities provides solid support for stabilizing foreign trade growth.

While deepening their presence in traditional markets, Liaoning-based companies are accelerating their foray into emerging markets. ASEAN remained the province's largest trading partner, with import and export values reaching 41.69 billion yuan, a substantial increase of 71.3% year-on-year. Trade with emerging markets such as Latin America and Africa grew by 13.8% and 81.5%, respectively. Imports and exports with countries involved in the Belt and Road Initiative and other RCEP member states increased by 13.3% and 26.6%, respectively, further consolidating a diversified market landscape.

Efficient customs clearance services are also bolstering companies' overseas ventures. With support from Shenyang Customs, the volume of TIR transportation business for Liaoning Zhonghe Supply Chain Management Co., Ltd. has seen significant growth. "Faster vehicle turnover and lower logistics costs give us greater confidence in expanding our cross-border transport market in Eurasia," said Ni Shasha, the company's responsible person.

The import sector also showcased notable highlights. In the first quarter, imports of automotive parts and components reached 6.16 billion yuan, up 21.1%, while agricultural product imports totaled 9.55 billion yuan, increasing by 13.8%. Particularly noteworthy, through tax policy research, Shenyang Customs has successfully advocated for a reduction in tariff rates for parts used in medical equipment for two consecutive years. For Neusoft Medical alone, this is expected to save approximately 3.8 million yuan in taxes annually. Since the start of the 14th Five-Year Plan period, Shenyang Customs has had 19 tax policy suggestions adopted and implemented by the State Council Tariff Commission, benefiting national import values of about 16.4 billion yuan and reducing tax burdens by over 1.4 billion yuan.

Across the province's cities, ten reported growth in import and export values, five more than the same period last year. Among them, Dalian achieved import and export values of 123.72 billion yuan, growing 3.1%. Cities including Jinzhou, Fushun, Anshan, and Chaoyang all saw import and export growth rates exceed 15%, indicating a more balanced pattern of regional coordinated development.

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