According to Chongqing Customs District P.R. CHINA on November 14, thanks to the excellent trade cooperation potential with countries along the “Belt and Road”, Chongqing’s foreign trade value totaled RMB 469.11 billion in the first 10 months, up 10.8% year on year, 8.4 percentage points higher than the overall growth rate of the whole country. The value of exports was RMB 300.34 billion, an increase of 10.8%, and the value of imports reached RMB 168.77 billion, a rise of 10.9%.
The aerial photo of Chongqing Cuntan Port
From January to October, the city’s value of imports from and exports to countries along the “Belt and Road” totaled RMB 129.47 billion, up 31.2%, 20.4 percentage points higher than the overall growth rate of Chongqing. It accounted for 27.6% of Chongqing’s total foreign trade value, with an increase of 4.3 percentage points. The value of exports was RMB 69.94 billion, an increase of 21%, and the value of imports reached RMB 59.53 billion, a rise of 45.6%.
In terms of the model of trade, the processing trade saw an increase in both imports and exports. The import and export value of processing trade was RMB 241.46 billion, a rise of 14.5%. It accounted for 51.5% of Chongqing’s total foreign trade value in the same period last year, with an increase of 1.7 percentage points. The value of exports was RMB 206.35 billion, up 14.2%, and the value of imports reached RMB 35.11 billion, a rise of 16.3%.
During the same period, foreign-invested enterprises accounted for nearly 60%, indicating that Chongqing is opening wider to the world. Its import and export value of foreign-invested enterprises was RMB 273.64 billion, increasing by 13.5%. It accounted for 58.3% of Chongqing’s total foreign trade value, with a rise of 1.4 percentage points. The export value totaled RMB 186.66 billion, up 8%, accounting for 62.2% of the total value of exports. The import value reached RMB 86.98 billion, up 27.5%, accounting for 51.5% of the total value of imports.
Additionally, the city’s intelligent manufacturing also saw considerable growth. According to statistics, the export value of mechanical and electrical products reached RMB 270.15 billion, up 12.8%, accounting for 89.9% of the total. Among them, the export value of computers, smart terminals such as intelligent speakers, integrated circuits and computer parts was RMB 141.28 billion, RMB 17.73 billion, RMB 14.64 billion and RMB 4.73 billion respectively, up 13.3%, 130%, 30.4%, and 98.8% respectively.
Source: Chongqing Daily