Freight trains help boost trade

Writer: Han Ximin  |  Editor: Jane Chen  |  From: Shenzhen Daily  |  Updated: 2021-08-16

The trade between Shenzhen and countries along the routes of Belt and Road Initiative (BRI) through Sino-European freight trains reached 9.45 billion yuan (US$1.46 billion) in the first half of the year (H1), up by 29.5 percent year on year, statistics from Shenzhen Customs showed. 

The increase was 5.6, 16.5 and 38.2 percentage points higher than road, sea and air freights, according to the statistics.

Freight train operations play an important role in stabilizing the city's industrial and supply chains. In H1, the city operated 37 freight trains from the Guangdong-Hong Kong-Macao Greater Bay Area, carrying goods valued at 1.12 billion yuan. In June, eight trains were operated, carrying goods worth 270 million yuan, up by 136 percent over May.

Statistics showed H1 trade between Shenzhen and BRI countries reached 351.5 billion yuan, up by 16.6 percent year on year. Shenzhen Customs helped 11 importers save about 20 million yuan on tariffs in purchasing steel materials from BRI countries in the form of processing trade.