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 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)
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(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.