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China' Chongqing Sees Foreign Trade Up 25% in First 10 Months of 2021

By RAN ZHENGVIVIAN YAN|Dec 01,2021

Chongqing–Customs data showed that Chongqing's total imports and exports expanded 25% year on year. It increased to 643.52 billion yuan (about 100.7 billion U.S. dollars) in the first ten months of 2021. 

Chongqing's Foreign Trade Tops 640bn Yuan in the First 10 Months

Chongqing LiangLu/CunTan Free Trade Port Area (iChongqing file photo)

Specifically, exports went up by 25.8% to 411.62 billion yuan, while imports climbed by 23.5% to 231.9 billion yuan. In October alone, the city's imports and exports rose by 9.8% to 66.45 billion yuan.  The exports reached 46 billion yuan, up by 12.4%, and imports 20.45 billion yuan, up by 4.2%.

Year-on-year Increasing Rate of Chongqing’s Foreign Trade to Different Regions in the First 10 Months(iChongqing/ Vivian Yan)

Year-on-year Increasing Rate of Chongqing's Foreign Trade to Different Regions in the First 10 Months(iChongqing/ Vivian Yan)

Features of Chongqing's foreign trade in the first ten months are as follows:

From January to October, the trade value between Chongqing and ASEAN, EU, and the United States registered at 101.67 billion yuan (up by 11.3%), 100.94 billion yuan (up by 22.8%), and 95.89 billion yuan (up by 14.7%) respectively. Besides, that between Chongqing and Hong Kong, Taiwan, South Korea, and Japan stood at 58.06 billion yuan (up by 94.4%), 53.54 billion yuan (up by 29%), 42.96 billion yuan (up by 10%), and 28.57 billion yuan (up by 29.5%) respectively. Furthermore, during the same period, the total value of foreign trade with countries along the Belt and Road amounted to 175.63 billion yuan, an increase of 24.4%.

In the first ten months, exports and imports of products under the general trade category gained 41.9% from a year ago to 217.76 billion yuan. Its processing trade climbed by 12.9% to 290 billion yuan. Also, its bonded logistics surged by 30.7% to 133.03 billion yuan.

Year-on-year Increasing Rate of Chongqing’s Foreign Trade of Products under the General Trade Category in the First 10 Months

Year-on-year Increasing Rate of Chongqing's Foreign Trade of Products under the General Trade Category in the First 10 Months(iChongqing/ Vivian Yan)

Private enterprises saw imports and exports increase by 49.2% to 278.85 billion yuan in the first ten months. In addition, the imports and exports of state-owned enterprises rose by 40.9% to reach 57.25 billion yuan. Foreign-invested enterprises imported and exported 306.93 billion yuan, up by 7.1%.

From January to October, the exports of laptops, integrated circuits, and tablets were valued at 160.76 billion yuan (up by 14.9%), 28.58 billion yuan (up by 52.4%), and 18.51 billion yuan (up by 100%), respectively. During the same period, the exports of motorcycles and automobiles rose by 39% and 110% to 12.14 billion yuan and 10.18 billion yuan respectively.

In the January-October period, Chongqing imported integrated circuits worth 93.74 billion yuan, growing by 10.4%. Imports of iron ore and paper pulp were 7.79 billion yuan (up by 1.5 times) and 7 billion yuan (up by 3.1 times), respectively. Additionally, the imports of agricultural products marked an increase of 68.3% to 13.41 billion yuan.

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