Urumqi is the economic heart of Xinjiang, contributing a significant share of the region's GDP. The city's economy is diversified across industry, trade, and services.
Oil and petrochemicals are the backbone — Xinjiang has substantial oil and gas reserves, and Urumqi hosts major refining and petrochemical facilities. The city is also a center for textile manufacturing, metal processing, and machinery production.
Trade is vital, with Urumqi serving as a gateway for China's trade with Central Asian countries. The Urumqi Comprehensive Bonded Zone and the China-Eurasia Expo facilitate cross-border commerce. The Belt and Road Initiative has increased investment in transport infrastructure, including the China-Europe freight rail service.
Agriculture in the surrounding region is significant, particularly in the Turpan Basin where the unique climate produces famous grapes, melons, and cotton. Turpan's grape industry includes fresh fruit, raisins, and wine production.
Tourism has grown substantially, driven by Urumqi's accessibility and the surrounding attractions — Heavenly Lake, Turpan's historical sites, and the unique Xinjiang culture. The region increasingly attracts both domestic and international tourists.
Urumqi's economy continues to grow, with a GDP of approximately 389 billion yuan for the Urumqi area.
