Xinjiang, one of the most dynamic and culturally rich regions in northwest China, is emerging as a hot spot in the country’s foreign trade. In the months of January and February this year, indicators point to robust growth, leaving local authorities optimistic about the results.

According to data released by Urumqi customs, Xinjiang’s foreign trade recorded an impressive increase of 51.4% compared to the same period last year. This substantial jump raised the total value of the region’s imports and exports to the mark of 63.69 billion yuan (about US$8.97 billion).

A notable aspect of this growth is the global scope of Xinjiang’s commercial transactions. During the first two months of the year, the region did business with 186 countries and regions around the world. Especially relevant is the trade established with the five Central Asian countries, which represented around 68.7% of the total, totaling 43.74 billion yuan.

Xinjiang’s private sector played a key role in this growth scenario. Local companies showed vigor in expanding their business operations across borders, contributing significantly to the positive numbers. The trade value of private enterprises increased by an impressive 48.1% compared to the previous year, reaching 59.81 billion yuan, representing approximately 93.9% of the region’s total trade.

The exceptional performance of certain sectors during this period is noteworthy. Exports of products such as electric vehicles, lithium batteries and photovoltaic products have grown exponentially, indicating a promising trend for the future. The export value of these products increased by 110.2% year-on-year, with electric cars emerging as a new engine of growth in the region’s foreign trade, recording an impressive increase of 87.1%.

These numbers reflect not only the resilience of Xinjiang’s economy, but also its ability to adapt and thrive in an ever-changing global landscape. Furthermore, they highlight the potential and competitiveness of local companies in the international market.

Several factors contributed to this commercial success. Local government support, investments in infrastructure and growing demand for specific products boosted the region’s exports and imports. Furthermore, Xinjiang’s integration into the Belt and Road Initiative trade routes has also played a significant role in expanding the region’s foreign trade.

However, it is important to recognize that these developments occur amidst debates and controversies over political issues and human rights in Xinjiang. As trade continues to flourish, it is critical to ensure that the rights and interests of all communities in the region are respected and protected.

In short, the recent growth in Xinjiang’s foreign trade is a testament to the region’s economic potential and its increasing integration into the global economy. With a solid foundation and strategic approach, Xinjiang is well positioned to continue its growth trajectory and play an even more prominent role on the international stage.