news

Entering the second half of the year, my country's foreign trade situation has clearly improved, and many major foreign trade cities have reported good news. Among them, Shenzhen, which ranked first among mainland cities in terms of total import and export value in the first seven months, once again set the best record in the same period in history.

According to Shenzhen Customs statistics, in the first seven months of this year, Shenzhen's imports and exports totaled 2.59 trillion yuan, up 29.6% year-on-year (the same below), setting a new record for Shenzhen's imports and exports over the same period, accounting for 10.4% of the country and 50.2% of the province respectively. Among them, exports totaled 1.65 trillion yuan, up 32.1%, also a new record for the same period; imports totaled 940.5 billion yuan, up 25.5%.

According to data released earlier by the Guangdong Branch of the General Administration of Customs, in the first seven months of this year, Guangdong's foreign trade imports and exports totaled 5.17 trillion yuan, up 13.9% from the same period last year, accounting for 20.8% of the national total. Among them, exports totaled 3.36 trillion yuan, up 12.6%; imports totaled 1.81 trillion yuan, up 16.5%.

Dongguan, another major foreign trade city in Guangdong, also showed a strong recovery trend. According to Huangpu Customs data, in July this year, Dongguan's foreign trade imports and exports amounted to 125.23 billion yuan, a year-on-year increase of 19.1%. The overall scale hit a new high since October 2022, ranking second in Guangdong Province. Dongguan's general trade imports and exports increased by 13.3% year-on-year in the same month, accounting for 45.7% of Dongguan's total foreign trade imports and exports in the same period; processing trade imports and exports increased by 11.8% year-on-year, accounting for 28% of the city's total foreign trade imports and exports.

In the Yangtze River Delta, another major foreign trade center in my country, the total import and export value in the first seven months of this year reached 9.1 trillion yuan, also a record high for the same period in history, an increase of 5.8% year-on-year, accounting for 36.7% of the total import and export value of the country during the same period. Among them, the export of ships increased significantly; the export of high-tech products exceeded one trillion yuan for the first time in history.

In the first seven months, Suzhou's total foreign trade import and export value reached 1,453.42 billion yuan, up 8.9% from the same period last year. Among them, exports reached 898.23 billion yuan, up 9.4%; imports reached 555.19 billion yuan, up 8.1%. In July, Suzhou's import and export reached 223.11 billion yuan, up 8%, a record high this year.

Since the beginning of this year, Shenzhen's foreign trade has continued to surge. After the total import and export volume in the first four months won the first place among mainland cities since 2015, the data in the first half of the year further consolidated this position, with a total import and export value of 2.2 trillion yuan, a record high for the same period in history, an increase of 31.7%. Among them, exports were 1.41 trillion yuan, an increase of 34.9%, also a record high for the same period in history; imports were 792.45 billion yuan, an increase of 26.5%.

In the first seven months, Shenzhen's foreign trade maintained its growth momentum, with a more optimized structure, more distinct characteristics and more prominent advantages.

In terms of trade structure, Shenzhen's general trade and bonded logistics both showed double-digit growth. In the first seven months, Shenzhen's imports and exports in general trade amounted to 1.49 trillion yuan, up 41.1%, accounting for 57.7%, and the growth rate was 11.5 percentage points faster than the overall Shenzhen. During the same period, imports and exports in bonded logistics amounted to 625.32 billion yuan, up 27.8%, accounting for 24.1%; imports and exports in processing trade amounted to 454.03 billion yuan, up 3.9%.

Private enterprises performed better in Shenzhen's foreign trade. In the first seven months, Shenzhen's private enterprises' imports and exports totaled 1.86 trillion yuan, up 44.2%, accounting for 71.8% of Shenzhen's total imports and exports during the same period. During the same period, foreign-invested enterprises' imports and exports totaled 609.75 billion yuan, up 4.1%, accounting for 23.5%.

In terms of trading partners, Shenzhen's imports and exports to emerging markets continued to improve. In the first seven months, Shenzhen's top three trading partners, ASEAN, Hong Kong, and the United States, grew by 47.4%, 18.6%, and 26.9% respectively. During the same period, imports and exports to countries participating in the Belt and Road Initiative reached 940.47 billion yuan, up 39.3%; imports and exports to other RCEP (Regional Comprehensive Economic Partnership) member countries reached 742.07 billion yuan, up 40.3%.

In terms of import and export products, Shenzhen's electromechanical products have obvious competitive advantages. In the first seven months, Shenzhen exported 1.12 trillion yuan of electromechanical products, an increase of 21%, accounting for 67.8% of Shenzhen's total exports in the same period. In terms of imports, electromechanical products accounted for more than 70%. In the first seven months, Shenzhen imported 732.05 billion yuan of electromechanical products, an increase of 28%, accounting for 77.8% of Shenzhen's total imports in the same period.

According to the General Administration of Customs, in the first seven months of this year, the total value of my country's import and export of goods was 24.83 trillion yuan, a year-on-year increase of 6.2%. Among them, exports were 14.26 trillion yuan, an increase of 6.7%; imports were 10.57 trillion yuan, an increase of 5.4%.

(This article comes from China Business Network)