Economic Daily Client: Shenzhen's Import and Export Scale Remains First among Mainland Cities

On December 26th, the reporter learned from Shenzhen Customs that in the first 11 months of this year, Shenzhen's cumulative import and export scale remained the largest among mainland cities, reaching 4.12 trillion yuan, a year-on-year increase of 0.6%.
It is reported that in the first 11 months of this year, Shenzhen's foreign trade mainly showed five characteristics:
Firstly, general trade accounts for more than half of the total, and bonded logistics has a relatively fast growth rate. In the first 11 months, Shenzhen imported and exported 2.2 trillion yuan through general trade, accounting for 53.5% of the total import and export value of Shenzhen during the same period. During the same period, the import and export of bonded logistics reached 1.1 trillion yuan, an increase of 6.8%, accounting for 26.7%; The import and export of processing trade reached 796.9 billion yuan, an increase of 3.3%, accounting for 19.3%.
Secondly, private enterprises account for nearly 70% of imports and exports, while foreign-invested enterprises maintain a rapid growth trend. In the first 11 months, the import and export of private enterprises in Shenzhen amounted to 2.82 trillion yuan, accounting for 68.4%. During the same period, the import and export of foreign-invested enterprises reached 1.17 trillion yuan, an increase of 14%, accounting for 28.3%; State owned enterprises imported and exported 133.6 billion yuan.
Thirdly, the top ten trading partners account for nearly 80% of the total import and export volume. In the first 11 months, Shenzhen's total imports and exports with its top ten trading partners amounted to 3.24 trillion yuan, an increase of 2.1%, accounting for 78.5%. Among them, imports and exports to Hong Kong, Taiwan, the European Union, South Korea, Japan, and the United Kingdom amounted to 709.97 billion yuan, 451.56 billion yuan, 420.91 billion yuan, 221.21 billion yuan, 202.96 billion yuan, and 63.8 billion yuan, respectively, with growth rates of 10.7%, 10%, 3.4%, 8.9%, 19.9%, and 0.1%.
Fourthly, the export of products related to traditional electronic information industry and emerging industries has grown against the trend. In the first 11 months, Shenzhen exported 1.9 trillion yuan worth of mechanical and electrical products, an increase of 4.3%, accounting for 76.1%. In the traditional electronic information field, exports of computers and their components, as well as audio and video equipment and their components, amounted to 292.61 billion yuan and 83.44 billion yuan, respectively, with growth rates of 8.9% and 6.5%; The export of integrated circuits reached 217.75 billion yuan, an increase of 40.8%. In emerging industries, exports of lithium batteries, 3D printers, electric vehicles, and medical equipment amounted to 76.86 billion yuan, 7.84 billion yuan, 29.85 billion yuan, and 27.89 billion yuan, respectively, with growth rates of 31.3%, 30.4%, 6.7%, and 5.1%.
The fifth is the rapid growth of imports of electronic components and agricultural products. In the first 11 months, Shenzhen imported mechanical and electrical products worth 1.32 trillion yuan, an increase of 9.5%, accounting for 81.5% of Shenzhen's total import value during the same period. Among them, imported integrated circuits amounted to 736.3 billion yuan, an increase of 19.7%; Imported computer components, mainly graphics cards and servers, amounted to 267 billion yuan, an increase of 13.1%. During the same period, imported agricultural products amounted to 89.4 billion yuan, an increase of 9.9%, accounting for 5.5%. Among them, imports of grain, edible aquatic products, and meat amounted to 10.44 billion yuan, 10.32 billion yuan, and 23.49 billion yuan, respectively, with an increase of 96.1%, 35.5%, and 1.3%.