Bao'an's foreign trade exceeds 550B yuan

In the first 11 months of 2024, the import and export volume of  Bao'an District exceeded 550 billion yuan (US$75 billion) for the first  time, marking a 25% increase year-on-year, according to data provided by  Shenzhen Customs.

The district contributed over 13% to the city's total imports and exports during the same period.

In 2024, Bao'an District had four large enterprises with import and  export volumes exceeding 10 billion yuan and 70 enterprises with volumes  surpassing 1 billion yuan, according to Bao'an Daily.

Insta360, based in the district, has consistently ranked first in the  global panoramic camera market for five consecutive years, with a  market share exceeding 50%. It also maintains a top-two position in the  global action camera market.

Also, the marketing network of another Bao’an-based firm  Unilumin covers over 160 countries, and it has partnered with more than  5,400 dealers. Its LED screens have been used for many international  events such as the FIFA World Cup in Qatar and the UEFA European  Football Championship.

The district has also implemented a series of measures to support the development of large foreign trade companies.

According to statistics from Shenzhen Customs, in  the first 11 months of 2024, Shenzhen's foreign trade reached a record  high of 4.11 trillion yuan, a 17.4% leap year-on-year. This milestone  marks the first time the city has surpassed the 4 trillion yuan  threshold, underscoring its thriving trade dynamics.