The Changsha Customs Authority recently announced that, in the first four months of this year, Hunan exported 15.2 billion CNY of high-tech products, an increase of 43.7% compared with the same period last year.

Exports of high-end equipment products accounted for over 40% of the total, with new materials and integrated circuits performing prominently. In the first four months, Hunan exported 6.33 billion CNY of high-end equipment products, up 14.3% and accounting for 41.7% of the province's total high-tech product exports. During the same period, exports of new materials reached 1.72 billion CNY, marking a 6.9-fold increase. Exports of electronic information products reached 3.68 billion CNY, up 52.8%. In addition, exports of new energy vehicles amounted to 1.34 billion CNY, growing 78.2%.

The EU and ASEAN were the main trading partners of Hunan. During the January-April period, Hunan exported 2.96 billion CNY and 2.91 billion CNY of high-tech products to the EU and ASEAN respectively, representing increases of 90.9% and 69.6%. During the same period, exports to Hong Kong SAR reached 1.88 billion CNY, up 76.5%; exports to South Korea reached 1.38 billion CNY, rising by 100%; and exports to Malaysia reached 890 million CNY with a 7-fold increase. Additionally, exports to Bulgaria amounted to 790 million CNY, increasing by 99 times.

The Changsha Customs Authority explained that Bulgaria, as the EU's southeast gateway and an Eastern European hub for energy storage and electric vehicle assembly, provides the battery industry with tariff-free access to the EU. Driven by the EU's green transition and policy subsidies in recent years, its energy storage market has rapidly expanded, making it one of the top three markets for Hunan's lithium battery exports.

Eleven regions across Hunan saw positive growth, with the Changsha-Zhuzhou-Xiangtan area maintaining a leading advantage. In the first four months, except for Huaihua, Yueyang, and Zhangjiajie, all other 10 cities and one autonomous prefecture across the province achieved positive growth in high-tech product exports. The Changsha-Zhuzhou-Xiangtan area collectively exported high-tech products worth 13.25 billion CNY, accounting for 87.2% of the provincial total.

This article is from Hunan Provincial Government. www.enghunan.gov.cn.  

Translator: Pang Yuehui

Chinese source: hunan.gov.cn