Shenzhen saw its foreign trade go up by 15.2 percent year on year to reach 2.51 trillion yuan (US$393 billion) between January and September, statistics from Shenzhen Customs showed Tuesday.
The city’s exports increased by 13.5 percent to 1.35 trillion yuan, ranking first among major Chinese cities, while the imports jumped by 17.2 percent to 1.16 trillion yuan, statistics showed.
In August and September, Shenzhen’s trade volume per month exceeded 300 billion yuan, showing growth for 11 consecutive months.
General trade volume posted a year-on-year growth of 14.5 percent and reached 1.26 trillion yuan in the first three quarters, accounting for 50.4 percent of the city’s total trade, indicating further optimization of the city’s trade structure.
Exports of mechanical and electrical products reached 1.08 trillion yuan, up by 21.5 percent year on year. Among them, exports of data-processing equipment and their components, mobile phones, audiovisual equipment and household appliances reached 344.8 billion yuan, up by 25.4 percent year on year.
Imports of mechanical and electrical products reached 921.6 billion yuan, accounting for nearly 80 percent of the total import volume, up by 12.9 percent year on year. The import volume of integrated circuits and electrical equipment also kept a two-digit growth.
Likewise, it is worth noting that private enterprises continued to play a pillar role in stimulating the city’s foreign trade. Their trade volume went up 17 percent year on year to 1.54 trillion yuan, accounting for 61.2 percent of the city’s trade.
Trade with countries under the Belt and Road Initiative (BRI) reached 547 billion yuan between January and September, up by 14.3 percent year on year. General trade volume with BRI countries went up 18.1 percent to reach 305.7 billion yuan, accounting for 55.9 percent of the total trade with BRI countries.