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Chongqing's Foreign Trade up by Nearly 40% in Previous Five Months

By VIVIAN YANICHONGQING|Jun 22,2021

In the first five months of 2021, the foreign trade of Chongqing Municipality increased by 39.9% from the same period in 2020 to 304.77 billion yuan (about 47 billion U.S. dollars), according to the Chongqing Customs recently. Its exports ascended by 42.6% to 190.04 billion yuan and imports by 35.6% to 114.73 billion yuan.

Foreign trade in Chongqing in the first five months of 2021

Increased by 39.9% from the same period in 2020

Exports in Chongqing in the first five months of 2021

Increased by 42.6% from the same period in 2020

Imports in Chongqing in the first five months of 2021

Increased by 35.6% from the same period in 2020

In May, the foreign trade in Chongqing increased by 13.2% to 58.86 billion yuan, with its exports rising by 10.5% to 36.55 billion yuan and imports by 18% to 22.31 billion yuan.

Chongqing Customs officers to conduct field investigations in companies. (Photo/ Chongqing Customs)

“In the first five months of this year, the imports and exports of general trade in Chongqing surged by 78.3% to 105.62 billion yuan, and imports and exports of processing trade by 19.7% to 132.56 billion yuan,” said officials of the Chongqing Customs. The imports and exports of bonded logistics also climbed by 39% to 65.09 billion yuan.

Chongqing Customs officers supervise imported goods on-site. (Photo/ Chongqing Customs)

In the first five months, the imports and exports in Chongqing to its three major trading partners showed a good growth trend. Its imports and exports to ASEAN, the European Union, and the United States were 49.55 billion yuan, 46.93 billion yuan, and 44.97 billion yuan, up 23.9%, 31.4%, and 43.8%.

Imports and exports in Chongqing to the ASEAN

Increased by 23.9%

Imports and exports in Chongqing to the EU  

Increased by 31.4%

Imports and exports in Chongqing to the US  

Increased by 43.8%

The imports and exports of the private and state-owned enterprises in Chongqing also soared in the first five months, with those of private enterprises rocketing by 82% to 131.97 billion yuan, those of state-owned enterprises by 60.6% to 28.8 billion yuan, and those of foreign-invested enterprises by 13.1% to 143.69 billion yuan.

The imports of integrated circuits, metallic ores, and ore sands were valued at 46.37 billion yuan and 6.87 billion yuan, respectively. The exports of laptops and integrated circuits were valued at 72.33 billion yuan 13.07 billion yuan, respectively.

Chongqing Customs opens a green channel for enterprise expansion with large-scale equipment entering the zone, facilitating customs clearance for enterprises. (Photo/ Chongqing Customs)

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