In the first quarter of this year, the foreign trade of Xi'an, capital of Northwest China's Shaanxi province, amounted to 107.88 billion yuan ($16.68 billion), a year-on-year increase of 21 percent, according to Xi'an Customs.

Xi'an reports stable growth in foreign trade in the first quarter of this year. [Photo/Xi'an municipal government's WeChat account]

Specifically, exports came in at 65.1 billion yuan, a year-on-year increase of 47.2 percent, while imports totaled 168.99 billion yuan, down 4.8 percent.

Statistics show that the total import and export value of processing trade was 65.3 billion yuan, an increase of 38.5 percent and accounting for 60.5 percent of the city's total.

Imports and exports to major trading partners and countries involved in the Belt and Road Initiative maintained growth as well, amounting to 20.01 billion yuan, up 48.5 percent.

Xi'an's trade with South Korea and the European Union totaled 23.15 billion yuan and 12.58 billion yuan, respectively, year-on-year increases of 9.1 percent and 29.4 percent.

Foreign-invested enterprises accounted for the largest proportion of the city's imports and exports, amounting to 69.89 billion yuan, a year-on-year increase of 64.8 percent.

The value of mechanical and electrical product exports accounted for 93.1 percent of the city's total, while imports of the products were valued at 125.75 billion yuan, accounting for 66.3 percent of the city's total imports.