The coordinated development of Beijing Tianjin Hebei region has led to a 25.7% increase in the value of foreign trade imports and exports over the past 12 years

Tianjin, February 26th (Xinhua) - February 26th marks the 12th anniversary of the implementation of the Beijing Tianjin Hebei coordinated development strategy. On the 26th, it was learned from Tianjin Customs that in the past 12 years, the advantages of Beijing Tianjin Hebei have complemented each other and worked together to achieve rapid development in foreign trade imports and exports. The import and export value of the Beijing Tianjin Hebei region has increased from 3.74 trillion yuan in 2014 to 4.7 trillion yuan in 2025, an increase of 25.7%.

By 2025, the export value of the Beijing Tianjin Hebei region will reach a historical high of 1.45 trillion yuan, an increase of 56.9% compared to 2014. During the 14th Five Year Plan period, the import and export scale of the Beijing Tianjin Hebei region remained above 4 trillion yuan.

The highlights of coordinated development in the Beijing Tianjin Hebei region are prominent. Over the past 12 years, the region has continuously adjusted its product structure and optimized industrial development. Among them, automobile exports have grown rapidly, with exports reaching 90.97 billion yuan by 2025, a six fold increase.

With the rapid development of emerging trade formats, bonded logistics in the Beijing Tianjin Hebei region has grown rapidly. In 2014, the import and export of bonded logistics reached 295.91 billion yuan, and by 2025, it will reach 503.77 billion yuan, an increase of 70.2% compared to 2014.

The vitality of private enterprises in the Beijing Tianjin Hebei region continues to strengthen, with the import and export value increasing from 508.49 billion yuan in 2014 to 136 trillion yuan in 2025, a significant increase of 167.8% and a 15.4 percentage point increase in proportion.

In the past 12 years, the import and export value of Beijing Tianjin Hebei to the European Union has increased from 425.44 billion yuan to 595.54 billion yuan, and to ASEAN from 243.54 billion yuan to 395.35 billion yuan. Since the "the Belt and Road" initiative was put forward, Beijing Tianjin Hebei has actively expanded its trade partner circle. The value of imports and exports to countries jointly building the "the Belt and Road" has increased from 2.14 trillion yuan in 2014 to 2.76 trillion yuan in 2025, an increase of 29%.