Fujian's private enterprises achieved a trade volume exceeding 500 billion yuan ($74 billion) in the first five months of this year, reaching 501.38 billion yuan and marking a record high for the same period, with year-on-year growth of 9.5 percent, accounting for 61.3 percent of the province's total trade value. Exports amounted to 323.77 billion yuan, up 2.2 percent, while imports hit a record 177.61 billion yuan, a significant increase of 25.8 percent.

ASEAN and the EU are the top two trading partners for Fujian's private enterprises. From January to May, trade with ASEAN reached 106.27 billion yuan, up 12.7 percent, accounting for 21.2 percent of the total trade value of Fujian's private enterprises, with Indonesian trade alone totaling 30.79 billion yuan, a 26.6 percent increase. Trade with the EU amounted to 76.42 billion yuan, up 4 percent and representing 15.2 percent of the total trade value.

The primary exports of Fujian's private enterprises are mechanical and electrical products and labor-intensive goods. Exports of mechanical and electrical products reached 135.99 billion yuan in the first five months of this year, up 6.4 percent, accounting for 42 percent of total export value. Imports primarily consisted of bulk commodities such as energy products and metal ores, with bulk commodity imports totaling 64.54 billion yuan, up 30.8 percent, accounting for 36.3 percent of total import value, and driving a 10.8 percentage-point increase in import growth.