Xiamen Municipal People’s Government

The total value of Xiamen’s imports and exports in 2023 was 947.044 billion yuan, an increase of 2.7% over the previous year, of which trade with countries along Belt and Road reached 460.79 billion yuan, an increase of 1.4%; trade with other BRICS countries was 109.25 billion yuan, an increase of 14.4%; and trade with other RCEP member countries leveled off at 315.61 billion yuan. Meanwhile, the scale of cross-border e-commerce imports and exports reached 23.67 billion yuan, reflecting a growth of 65.0% from a year ago. On the export side, the total export value for the city experienced a slight decrease of 3.9% to 447.448 billion yuan, of which exports from lithium batteries, electric manned vehicles, solar cells and other "new" exports were 1.7 times higher year-on-year, reaching 45.49 billion yuan; while the imports was 499.595 billion yuan, rose 9.4% year-on-year .

The private enterprises had imported and exported 431.618 billion yuan worth of value, up by 16.4% from the previous year. Of which exports rose 8.2% year on year to 263.072 billion yuan and imports increased 31.8% to 168.546 billion yuan. The imports and exports volume of foreign-funded enterprises stood at 197.416 billion yuan, dropping by 12.5% over the previous year, among which exports decreased by 19.3% to 119.635 billion yuan and imports increased slightly by 0.7% to 77.78 billion yuan. 

The total value of imports and exports in general trade was 707.596 billion yuan, up by 4.8% year on year, among which the value of the exports was 287.802 billion yuan year on year, down by 3.9%; and that of imports was 419.793 billion yuan, up by 11.8% year on year. 

The year has seen Xiamen’s trade with Taiwan expand 2.6% to 46.452 billion yuan. Of which exports to Taiwan amounted to 20.467 billion yuan, up by 5.2% year-on-year; imports from Taiwan fell to 26.074 billion yuan, edging up 0.6% year-on-year.

 

1,682 foreign investment enterprises with contracted foreign capitals of $4.065 billion and actually utilized foreign capitals of $1.974 billion had been approved for the whole year.

73 newly established foreign-invested enterprises, with the total value of investment exceeding US $10 million, altogether attracted US$3.538 billion worth of contracted foreign investment. Of these projects, 51 were newly-approved ones with contracted foreign investment of US$2.122 billion and 22 were capital increment ones with US$1,416 million. As of the end of 2023, 64 companies from Fortune Global 500 companies had invested 115 foreign-funded companies in Xiamen.

 

In the year 2023, Xiamen had attracted 174 foreign-oriented agreement investment projects with investment capital from the China side reaching US$1.262 billion, down by 16.5%. The contract value of labor dispatching service amounted to US$16.35 million, surging 230% year-on-year; the annual turnover of the above foreign contracted projects was US$58.45 million, up 38.4% year-on-year; and 12,619 employees of all types had been dispatched for labor services with a year-on-year increase of 24.4%. By the end of the year, the number of outsourced workers rose to 11,414, an increase of 1,011 as compared with last year.