In 2024, Nantong’s total import and export value with the European Union reached 51.6 billion yuan, which accounted for 13% of the total foreign trade value of Nantong. In the first quarter of this year, Nantong’s total import and export value with the European Union is 13.08 billion yuan, and there is a year-on-year growth of 12.5%.

By Wu Xiaoyun

From 7th to 9th May, the delegation of the Agricultural Counsellor of the European Union visited Nantong.

Nantong and the European Union’s economic and trade ties are becoming increasingly closer and fruitful. According to statistics from the Customs, in 2024, Nantong’s total import and export value with the European Union reached 51.6 billion yuan, which accounted for 13% of the total foreign trade value of Nantong. In the first quarter of this year, Nantong’s total import and export value with the European Union is 13.08 billion yuan, and there is a year-on-year growth of 12.5%.

Up to now, EU enterprises have invested in 493 projects in Nantong and the actual use of foreign capital is 1.49 billion U.S. dollars, covering industries such as shipbuilding, offshore engineering, auto parts, and biomedicine. In agriculture field, in 2024, Nantong’s agricultural product imports and exports to the EU reached 2.16 billion yuan. Among them, exports of high-quality aquatic products and organic vegetables have grown significantly. EU’s dairy products, wine, pharmaceutical raw materials, etc. have also entered the Chinese market through the Nantong port of entry.