Qingdao's import and export increased by 4.2% in the first 5 months

According to statistics from Qingdao Customs, in the first five months of this year, Qingdao's imports and exports amounted to 383.62 billion yuan, a year-on-year increase of 4.2%, accounting for 26.1% of the total import and export value of Shandong Province during the same period. Among them, exports amounted to 226.1 billion yuan, an increase of 2.4%; Imports amounted to 157.52 billion yuan, an increase of 6.9%. Among the 15 sub provincial cities in China, Qingdao ranks sixth in import and export value after Shenzhen, Ningbo, Guangzhou, Xiamen, and Hangzhou.

In May, Qingdao's import and export reached 80.61 billion yuan, a year-on-year increase of 4.7%. Among them, exports amounted to 49.4 billion yuan, an increase of 9.1%; Imports amounted to 31.21 billion yuan, a decrease of 1.6%.

The main characteristics of Qingdao's foreign trade imports and exports in the first five months:

Firstly, there has been a significant increase in the import and export of bonded logistics. In the first five months, Qingdao's general trade imports and exports amounted to 242.5 billion yuan, an increase of 0.3%, accounting for 63.2% of the city's total foreign trade imports and exports. During the same period, the import and export of bonded logistics reached 74.55 billion yuan, an increase of 24.6%; The import and export of processing trade reached 59.93 billion yuan, an increase of 2.4%.

Secondly, the import and export of private enterprises have maintained growth. In the first five months, the import and export of private enterprises in Qingdao reached 283.1 billion yuan, an increase of 8.6%, accounting for 73.8% of the total import and export value. During the same period, the import and export of foreign-invested enterprises amounted to 59.65 billion yuan, a decrease of 0.6%; The import and export of state-owned enterprises amounted to 40.56 billion yuan, a decrease of 13.9%.

The third is the growth of imports and exports to markets such as ASEAN, Russia, Brazil, and Australia. In the first five months, Qingdao's imports and exports to ASEAN, Russia, Brazil, and Australia were 62.84 billion yuan, 28.09 billion yuan, 22.68 billion yuan, and 16.5 billion yuan, respectively, an increase of 7.1%, 18.7%, 34.2%, and 22.6%. Over the same period, the import and export to countries jointly building the "the Belt and Road" reached 228.68 billion yuan, an increase of 4.8%, accounting for 59.6% of the total import and export value; Imports and exports to other RCEP member countries amounted to 131.02 billion yuan, an increase of 4.6%, accounting for 34.2% of the total import and export value; Imports and exports to other member states of the Shanghai Cooperation Organization amounted to 44.57 billion yuan, an increase of 17.5%, accounting for 11.6% of the total import and export value.

Fourthly, the export of electromechanical products and agricultural products maintained growth. In the first five months, Qingdao's exports of mechanical and electrical products reached 117.82 billion yuan, an increase of 3.5%, accounting for 52.1% of the total export value. Among them, the export of household appliances was 19.14 billion yuan, an increase of 12.3%; The export of general machinery and equipment reached 8.91 billion yuan, an increase of 3.9%. In addition, the export of "new three types" products reached 2.62 billion yuan, an increase of 84.4%. Among them, electric vehicles and photovoltaic products were exported for 2.08 billion and 350 million yuan respectively, with an increase of 94.7% and 517.3%, respectively. During the same period, agricultural product exports amounted to 21.24 billion yuan, an increase of 8%. Among them, the export of edible aquatic products reached 4.5 billion yuan, an increase of 13.7%.

The import value of agricultural products, metal ores, and mechanical and electrical products has maintained growth. In the first five months, Qingdao imported 34.39 billion yuan of agricultural products, an increase of 5.4%, accounting for 21.8% of the total import value. During the same period, metal ore imports amounted to 24.41 billion yuan, an increase of 14%, accounting for 15.5% of the total import value. Among them, the import value of iron ore and copper ore increased by 40.3% and 140.9% respectively. The import of electromechanical products reached 23.14 billion yuan, an increase of 1.9%, accounting for 14.7% of the total import value.