The Guiyang FTZ achieves $2.71 billion in import and export value in 2022. [Photo/colorful Guizhou network]
The Guiyang Free Trade Zone in Guiyang, capital of Southwest China's Guizhou province, realized rapid economic growth, enhanced transportation channel construction, developed key industrial sectors, and saw steady and high-quality overall development in 2022, according to a work meeting held on Jan 13.
During the first three quarters of last year, the Guiyang FTZ became the first zone in Guizhou to exceed 10 billion yuan ($1.45 billion) in import and export value. In October, the Guiyang FTZ became the first in the province to be recognized as national import trade promotion and innovation demonstration area.
By November, the Guiyang FTZ's foreign trade value reached $1.99 billion, with a year-on-year increase of 180.5 percent. Its foreign trade value accounted for one-third of Guiyang's total, and ranked 77th out of China's 148 free trade zones.
It is estimated that in 2022, the Guiyang FTZ's industrial output value was 1.86 billion yuan with a year-on-year increase of 29 percent. The growth rate of added value of industries above designated size reached 18.4 percent, which is 12 percentage points higher than that of the city.
Its total import and export value reached $2.71 billion, with a year-on-year increase of 48.9 percent, ranking the first in the city. Moreover, its general public budget revenue was 210 million yuan, with a year-on-year increase of 26 percent, ranking the first in Guiyang.
Last year, the Guiyang FTZ completed the construction of Guiyang's international dry port, which connects to the China Railway Express, the China-Laos Railway, the Guizhou-Guangdong Railway and the Guizhou-Chongqing Railway.
The Guangzhou, Shekou, Mawan and Chiwan ports in Guiyang, and the Guiyang FTZ are now connected with the New International Land-Sea Trade Corridor and the Guizhou-Guangdong transportation channel through the China Railway Express.
In 2022, the zone's electronic information manufacturing and advanced equipment manufacturing industries, as well as the processing of imported grain and oil achieved an industrial output value of 1.1 billion yuan. This accounted for 78.7 percent of its total industrial output value.
The output value of the Guiyang FTZ's cross-border e-commerce reached $430 million, up 87 percent year-on-year, and the contract value for service outsourcing reached $43.59 million, with a year-on-year increase of 493 percent.
The processing trade industry in the Guiyang FTZ has become a cluster, making the zone an area with one of the highest concentrations of processing trade industries in the province.