Xinjiang’s Economic Trends
Xinjiang is an autonomous region located in the Northwest of China close to Central Asia. It is one of the richest areas of natural resources and deposits, with important reserves of oil, natural gas and coal, which have led to the development of prolific industrial centers in the extractive and electricity generation sectors. Further, Xinjiang is characterized by a very fertile soil, which has made it one of the main agricultural areas in the country, and its beautiful landscapes, which have made it a popular tourist attraction. Xinjiang is the largest province-level division of China by surface area, measuring 1,665,000 km2, with a population of 25.8 million inhabitants.
Local authority data shows that Xinjiang province recorded total exports of USD 18 billion and total imports of USD 5.7 billion, with 1,659 established foreign investment companies. In addition to an average urban salary of USD 11,404.
In terms of GDP, the Xinjiang province ranked 24th in China, reaching USD 200 billion in 2020 and USD 195 billion in 2019 with a GDP per capita of USD 7,924. Along with GDP growth of +6.2% in 2019 and +3.4% in 2020.
Main Economic Centers (GDP) in Xinjiang
Urumqi (USD 50 billion)
Changji (USD 20 billion)
Aksu (USD 19 billion)
Yili (USD 18 billion)
Kashgar (USD 16 billion)
Main Sectors in Xinjiang
Main Industrial Areas in Xinjiang
Urumqi Economic and Technological Development Zone
Shihezi Economic and Technological Development Zone
Korla Economic and Technological Development Zone
Alar Economic and Technological Development Zone
Wujiaqu Economic and Technological Development Zone
Urumqi High-tech Industrial Development Zone
Changji High-tech Industrial Development Zone
Shihezi High-tech Industrial Development Zone
Urumqi Comprehensive Bonded Zone
Kashgar Comprehensive Bonded Zone
Kashgar Economic Development Zone
Horgos Economic Development Zone