Xizang's foreign trade sees significant growth in first quarter

An imported products fair featuring various imported goods was held in January in Lhasa, the capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn]

Xizang has witnessed foreign trade growing in the first quarter of this year, with the total value of goods foreign trade reaching 2.3 billion yuan ($315 million), up 5.9 percent year-on-year, according to the latest data from Lhasa Customs.

This growth is 4.6 percentage points higher than the national average, People's Daily reported.

An imported products fair featuring various imported goods was held in January in Lhasa, the capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn]

Over the past three months, exports were about 1.95 billion yuan, while imports were 358 million yuan. This reflects a 56.7 percent year-on-year increase, showing stable growth, data showed.

Besides, the total freight volume reached 57,100 metric tons, a 27 percent increase year over year, the customs said.

Among the exported goods, there were 2,955 new energy vehicles and 18,000 metric tons of various agricultural products, marking growth rates of 76.7 percent and 10.4 percent, respectively.

An imported products fair featuring various imported goods was held in January in Lhasa, the capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn]

The cities of Lhasa and Shigatse played a crucial role in driving the accelerated development of foreign trade in the region in the first quarter. The imports and exports of Lhasa reached more than 1.37 billion yuan, accounting for 59.6 percent of the regional total foreign trade value.

Shigatse was followed by imports and exports reaching nearly 907 million yuan, with an increase of 22.2 percent, data showed.

An imported products fair featuring various imported goods was held in January in Lhasa, the capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn]

An imported products fair featuring various imported goods was held in January in Lhasa, the capital of the Xizang autonomous region. [Photo by Palden Nyima/chinadaily.com.cn]

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