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Shenzhen's foreign trade grows 27% in first 4 months

2021-May-25       Source: Szdaily.com

Shenzhen's foreign trade between January and April reached 1.05 trillion yuan (US$163 billion), up 27 percent year on year, statistics from Shenzhen Customs showed yesterday.

Shenzhen's foreign trade between January and April reached 1.05 trillion yuan (US$163 billion), up 27 percent year on year, statistics from Shenzhen Customs showed yesterday.

Of the total, exports hit 567.8 billion yuan, up 33.6 percent, and imports amounted to 480 billion yuan, up 20.1 percent.

General trade has kept rising for six straight months since its recovery at the end of 2020 and contributed 49.8 percent to the city’s total foreign trade during the four months.

Processing trade reached 280 billion yuan, up 32.4 percent.

Trade with Shenzhen’s 10 major partner economies, except South Korea, has also kept rising. The trade volume with Belt and Road Initiative (BRI) countries, ASEAN members and Eastern European countries reached 232.7 billion yuan, 160.1 billion yuan and 18.99 billion yuan, which increased 20 percent, 18.2 percent and 43 percent, respectively.

Trade with RCEP countries (partly overlapping with BRI countries), reached 274.9 billion yuan, up 16.7 percent.

With the recovery of the overseas market, exports of consumer electronic products also rose.

Between January and April, exports of mechanical and electrical products in the city hit 455.4 billion yuan, up 37.2 percent year on year, making up 80.2 percent of the city’s total exports. Exports of mobile phones and household appliances increased 50 percent while that of panel computers increased 199.9 percent.

Mechanical and electrical products contributed 80 percent to the city’s total imports during the period.

Imports of electronic components, LCD panels and spare parts for audio and visual equipment reached 251.6 billion yuan, up 21.6 percent.

 

Editor: Will

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