In the first five months of this year, SIP recorded total goods imports and exports of RMB659.09 billion, a year-on-year increase of 110.1%. This foreign trade volume accounted for 23.2% of Jiangsu province’s and 44.5% of Suzhou city’s total, with these shares rising by 9.8 and 15.4 percentage points YoY respectively. Exports stood at RMB333.97 billion, up 107.6%, while imports reached RMB325.12 billion, growing 112.7%.

In May alone, SIP’s goods imports and exports hit RMB179.5 billion, soaring 170.7% YoY, breaking monthly record for the 10th consecutive time.

SIP’s foreign trade this year has demonstrated three prominent characteristics. South Korea and ASEAN have become the park’s top two trading partners. In the first five months of the year, the park’s exports to these two markets totaled RMB247.75 billion, while imports amounted to RMB166.59 billion, up 245.4% and 137.2% YoY.

Trade with other APEC economies reached RMB578.28 billion, up 127.4%; with other RCEP members, RMB 439.77 billion, up 170.8%; and with Belt and Road Initiative partners, RMB 439.95 billion, up 171.4%.

Foreign-invested enterprises continued to play a leading role in import and export, while private enterprises showed strong momentum. Processing trade and bonded logistics both more than doubled. Notably, SIP’s foreign trade structure has shown positive shifts, with high-tech products such as semiconductors and instruments accounting for nearly 70% of the total trade in the first five months.

June 16, 2026