SZ's foreign trade rises 22.3% in first 5 months

Writer: Han Ximin  |  Editor: Stephanie Yang  |  From: Shenzhen Daily  |  Updated: 2021-07-08

The city’s foreign trade between January and May reached 1.32 trillion yuan (US$204.08 billion), up by 22.3 percent year on year, statistics from Shenzhen Customs showed.

Exports reached 708.45 billion yuan, up by 23.1 percent and imports reached 612.8 billion yuan, up by 21.4 percent. This was highlighted by general trade growth, which kept rising for seven straight months since its recovery at the end of 2020 and contributed to 50.3 percent of the city’s total trade. The volume of processing trade between January and May reached 347.89 billion yuan, up by 29.1 percent year on year.

Trades with the city’s 10 major partner economies kept rising. The trade with BRI countries reached 292.7 billion yuan, up by 19.2 percent. The trade with ASEAN countries hit 203.3 billion yuan, up by 18.9 percent. Private enterprises’ trade volume took up 60.9 percent of the total trade, contributing 58.8 percent to the trade growth between January and May.

In the first five months, the exports of consumer electronic products kept rising. The exports of the city’s machinery and electronic products reached 566.98 billion yuan, up by 30.2 percent year on year, taking up 80 percent of the total trade and driving up 29 percent of the total trade. Among them, the exports of mobile phones and household appliances increased by 40 percent on average. The exports of computer panels increased by 195.6 percent, customs statistics showed.

In terms of imports, mechanical and electronic products took up 80 percent of the total. Between January and April, the imports of electronic components and imports of meat and other personal care products also increased significantly.

Yantian Port handled 6.48 million twenty-foot equivalent units (TEUs) in the first half of the year, up by 21.23 percent year on year, statistics from Yantian Maritime Administration showed. The new cluster of COVID-cases, which emerged May 21, seriously affected the port’s operation. In June, the port’s TEU throughput was only 615,800 TEUs, down by 46.9 percent year on year. The number of vessels that called at and left the port hit a low of 2,439 in June, down by 58.39 percent.