Sichuan's foreign trade exceeds 500 billion yuan for the first time in comparable historical periods. On July 19, Sichuan Province released its half-year foreign trade performance for 2025, showcasing encouraging results. Since the beginning of this year, the world trade order has faced numerous challenges. However, in the first half of the year, the three major indicators of Sichuan's foreign trade—total scale, export scale, and import scale—have not declined but risen instead, reaching new historical highs. "Reaching new highs" has recently become a buzzword in the domestic foreign trade sector, but few provinces have achieved simultaneous breakthroughs across all three key indicators. How did Sichuan accomplish these "three highs" in the first half of the year?
Grasping Essentials
To Outpace Competition Through Strategic Timing
The significance of surpassing 500 billion yuan cannot be overstated. First, the base figure is high. In the first half of last year, Sichuan's foreign trade had already reached 490.66 billion yuan, a new high for the same period in history.
"Generally, the second half of the year is the peak season for exports. Yet this year, Sichuan, a major inland province, not only started at a high point based on last year's performance but also achieved 'double halfway success'toward its goal of maintaining the foreign-trade scale at the trillion-yuan level while facing challenges such as extreme pressure from international trade policies, sluggish global investment, and increased supply-chain stress. By reaching new heights amid these headwinds, Sichuan has demonstrably mastered the essentials of foreign trade stabilization," said Tang Jiqiang, Director and Chief Economist of SWUFE Institution, Southwestern University of Finance and Economics.
The key lies in seizing the critical window for export surge.
To mitigate the impact of international trade frictions, Sichuan authorities mobilized multi-department efforts from the very beginning of the year to guide enterprises in proactive "export surge" initiatives, including advanced stocking and shipment preparations. Key enterprises ramped up production and accelerated schedules to deliver orders ahead of time, providing robust support for the province's quarter-by-quarter growth in foreign trade volume.
The key lies in the multiplier effect of comprehensive policy coordination. In the first half of this year, Sichuan implemented coordinated policy measures, rolling out a series of targeted initiatives to stabilize foreign trade. On the first working day after the New Year holiday, a joint service team composed of government departments and financial institutions, led by the Department of Commerce, was mobilized to assist enterprises in resolving operational challenges. Following the Spring Festival, Sichuan rolled out eight new measures to stabilize foreign trade, including expanding credit facilities from 50 billion yuan two years ago to 80 billion yuan, bolstering full-chain support for export-oriented industries, and enhancing financial backing for micro, small and medium enterprises. In February, Sichuan introduced the "18 Measures" to optimize the port business environment, which focused on aspects such as improving the port business climate and facilitating enterprise customs clearance, actively addressing the pain points faced by foreign-trade enterprises. In March, Sichuan unveiled its 2025 "Sichuan Global Outreach" policy package to support enterprises in expanding the international market, providing substantial financial support in areas such as enterprises' participation in international exhibitions and the accelerated improvement of their global marketing system. In April, Sichuan introduced "Nine Measures" for stabilizing foreign trade, designed to offset uncertainties. These highly targeted and actionable, detailed measures help businesses retain market share, reduce operational costs, and innovate business models to the greatest extent and within the shortest possible time.
Amid complex global trade dynamics, Sichuan's policies have safeguarded businesses, bolstered market confidence, and stabilized economic expectations, enabling enterprises to accelerate operations, outpace competitors, and secure market advantages through such policy support.
Striving for Innovation
To Accelerate the Upgrade to a Technology-driven Model
In the first half of this year, Sichuan Yixing Times Power Technology Co., Ltd. operated at full capacity in its transitional facility to secure production orders, achieving motorcycle export sales of 450 million yuan, surpassing its total sales volume of last year.
"The export pressure this year is greater than in previous years, but there are also many market opportunities," said Zhang Yong, Deputy General Manager of the company. Since the beginning of this year, the company has intensified its innovation efforts. In the first half alone, it not only commissioned a new factory but also launched multiple premium models specifically designed for European and American markets, featuring more sophisticated craftsmanship, higher speeds, and larger displacements, which have been well-received by overseas high-end consumers. Meanwhile, the company has been constantly ramping up its product R&D and market expansion efforts to align with consumer preferences across African and Asian markets. "We anticipate launching eight new models this year to further expand our overseas export orders," the company stated.
Leveraging technological innovation to capture market share and high-value-added products to unlock new growth potential, Sichuan is rapidly transitioning its foreign trade toward a technology-driven model. In the first half of this year, Sichuan's exports of high-end equipment, new materials, and biomedicine/medical instruments, which are closely tied to new quality productive forces, increased by 77.3 percent, 119.1 percent, and 34.9 percent year-on-year, respectively. The province's "new trio" green and low-carbon products achieved export sales of 14.15 billion yuan, surging 102.2 percent year-on-year, with photovoltaic products and lithium batteries posting growth of 284.9 percent and 1,306.4 percent, respectively.
Backed by technological strength, businesses are gaining greater confidence in securing orders. Powered by technological innovation, Tongwei Group is transforming its manufacturing capabilities into global competencies, implementing an international expansion strategy that integrates market development, customer needs, brand building, and supply chain optimization. This approach has driven a doubling of overseas sales. Most recently, the company entered into an annual framework cooperation agreement for 100MW components of its TNC2.0 series with a Polish PV system provider, marking another significant order win. In the first half of this year, Sichuan iTR Technology Co., Ltd. secured a procurement order from a U.S. robotics supplier. Thanks to its strong technical performance and versatile applications, the company has been expanding exports to developed markets in Europe and North America, with pending orders currently under negotiation covering multiple countries, such as Australia and Japan.
Enhancing Services
To Navigate Growing Uncertainties and Challenges
While the achievements are indeed inspiring, the foreign trade situation in the second half of the year remains severe. A leading official from the Department of Commerce analyzed that recent changes in international tariff policies will undoubtedly introduce greater uncertainty into an already sluggish global economy. Compounding these challenges, the early delivery of orders by export enterprises in the first half may lead to potential order shortages for SMEs in the coming months, making the second-half trade outlook particularly challenging.
"The foreign trade dedicated teams will enhance policy support services, accelerate expansion into emerging markets, and organize 78 'Sichuan Global Outreach' events in the second half of the year," the official stated. "Through tailored 'one product, one strategy' plans, we will unlock trade potential for 40 key product categories, including agricultural machinery, recycled aluminum, and daily cosmetics. We are expediting implementation of relevant policies, such as the national trade stabilization package, the provincial '21 Measures for Economic Recovery and Growth', and the 'Nine Measures for Stabilizing Foreign Trade', striving to secure the trillion-yuan trade threshold."
Market-savvy enterprises are already leading the charge. Li Jing, Deputy General Manager of Chengdu Shanqian Biyoulu Automotive Technology Co., Ltd., hosted clients from Belarus just this week in Chengdu and has already booked flights to Russia for late July to pursue further opportunities. As a used vehicle exporter, the company has shipped over 1,000 pre-owned vehicles to Russian-speaking markets in the first half of this year.
"The industry is evolving rapidly with intensifying competition—what will differentiate us going forward is superior service execution, extending our support all the way to the 'last mile' in overseas markets." Li Jing additionally revealed that in the second half of the year, the company will establish service teams overseas. On the one hand, these teams will accelerate the establishment of a sales network, and on the other hand, they will localize the company's services, such as assisting clients with customs clearance on-site abroad.
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