Over the past year, Kashi has been continuously creating a favorable environment to attract foreign investment, so as to support more local high-quality enterprises.

“With the support of various economic and foreign trade policies, the total import and export value of Kashi reached 77.15 billion yuan (about 10.75 billion U.S. dollars) in the first 11 months of 2023, an increase of 80.8 percent year-on-year. This is the first time that the total import and export value of Kashi has exceeded 75 billion yuan (about 10.45 billion U.S. dollars), setting a new historical record,” Wang Yong, secretary of leading Party members group and deputy director of the Kashi Bureau of Commerce, stated on December 29, 2023.

Photo taken on August 22, 2023 shows China-Pakistan's first TIR international road transport vehicle waiting to depart. (Photo by Shiliuyun-Xinjiang Daily/ Han Qinyan)

With the advancing of "bring in" and "go out" strategies, Kashi Prefecture has shown strong resilience in foreign investment and foreign trade development. From 2015 to November 2023, the total import and export volume of Kashi Prefecture has reached 237.58 billion yuan (about 33.12 billion U.S. dollars), with an average annual growth rate of 23.2 percent.

There is a constant flow of trucks and orders being processed in the Kashi Comprehensive Bonded Zone. It is not only the rolling wheels that are an eye-catching sight, but also the impressive volume of import and export trade.

The import and export trade volume of the Kashi Comprehensive Bonded Zone has increased from 690 million yuan (about 96.14 million U.S. dollars) in 2020 to 28.28 billion yuan (about 3.94 billion U.S. dollars) in 2022, ranking from the bottom of over 100 comprehensive bonded zones nationwide to 49th place, and leaping to 27th place from January to November 2023, topping in total import and export value among the four comprehensive bonded zones in Xinjiang.

According to Kashi Customs, in the first 11 months of 2023, various business data in the Kashi Comprehensive Bonded Zone have grown against the trend, with a total import and export value of 45.657 billion yuan (about 6.36 billion U.S. dollars), a year-on-year increase of 98.10 percent.

Kashi's foreign trade partners continue to expand. The number of trade partners has increased from 28 in 2013 to 118 in 2023. Kashi has shifted from mainly trading with neighboring countries to comprehensive cooperation with BRI participating countries. The structure of import and export commodities has been further optimized. Export categories have doubled from 2013, with a shift from mainly garments, textile products and construction materials, to mainly textiles and garments, bags and auto parts, home appliances, high-tech products and automobiles.

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