China's Chongqing sees foreign trade up 12.5% in 2020

CHONGQING -- The foreign trade in Southwest China's Chongqing Municipality reached 651.34 billion yuan (about $100.7 billion) in 2020, up 12.5 percent year-on-year, local customs said Wednesday.

The municipality had maintained double-digit growth in foreign trade for three consecutive years. Data showed that exports in Chongqing increased by 12.8 percent to 418.75 billion yuan, while imports grew 11.9 percent to 232.59 billion yuan last year.

The Association of Southeast Asian Nations remained Chongqing's largest trading partner last year, with bilateral trade increasing by 3.4 percent to 112.17 billion yuan, which accounted for 17.2 percent of Chongqing's total foreign trade.

Among ASEAN countries, the top three trading partners with Chongqing were Vietnam, Malaysia and Thailand, with imports and exports totaling 48.98 billion yuan, 22.75 billion yuan and 15.01 billion yuan respectively.