The trade volume of Qianhai, Yantian and Pingshan bonded areas reached 160.6 billion yuan (US$23.74 billion) in the first half (H1) of the year, up 9.8% year on year, showing the areas’ potential and resilience in foreign trade.
In Qianhai Integrated Bonded Area, Shenzhen Customs introduced the Multi-Country Consolidation (MCC) method, a cost-effective solution consolidating cargo from different countries of origin to build full container loads.
Under this new method, enterprises can source commodities globally by making full use of the 160 container routes in the city’s western port, and then transporting the commodities for transshipment to Qianhai Integrated Bonded Area for assortment and dispatching in full container loads.
On the other hand, export products from domestic enterprises can also be assorted with transshipment commodities in full container loads. In May, Shenzhen Customs’ commodity inspection station for air cargoes was settled at the GBA Airport Cluster’s Qianhai Service Center, offering one-stop service for air cargo imports and exports.
Yantian Integrated Bonded Area now offers around-the-clock service for cargo vehicles. In H1, the zone’s trade volume reached 44.53 billion yuan, an increase of 13.7% year on year.
The MCC method, along with Sino-European trains and air express, also stimulated cross-border e-commerce growth. At Shenzhen Customs, around 5 million parcels went through checks and verifications, and were exported B2B overseas in H1, customs data showed.
The B2B mode refers to exports of domestic enterprises’ products to their overseas warehouses or enterprises. Compared with H1 last year, the value of commodities under the B2B mode went up by 100% in H1 this year, according to customs data.
Anker Innovations Co. Ltd., a global leader in charging technology, with products such as wireless chargers, car chargers and portable chargers, sells their items to 146 countries and regions. The company tried to use the B2B mode to export products to their overseas warehouses for distribution. Under this mode, their warehouses’ business increased 20-fold so far this year.