Chongqing- The foreign trade value reached 125.4 billion yuan (about 19.7 billion U.S. dollars) in the first two months of the year, up 7.8 percent from the same period last year (the same as below), data from the Chongqing Customs District showed.
The value of exports has grown substantially over the past two months, with an increase of 15.4%, reaching 83.1 billion yuan (about 13.1 billion U.S. dollars). While the value of imports totaled was 42.4 billion yuan (about 6.7 billion U.S. dollars), a drop of 4.4%.
Two staff members of Chongqing Customs District conduct inspections of hybrid rice seeds. (Photo provided to iChongqing)
In the first two months, the import and export value of Chongqing's processing trade was 57.8 billion yuan (about 9.1 billion U.S. dollars), the growth pace was 13%, which was accounting for 46.1% of Chongqing's foreign trade.
The import and export value of general trade expanded to 43.5 billion yuan (about 6.8 billion U.S. dollars), reporting a growth rate of 4.2%.
The bonded logistics came in at around 23.7 billion yuan (about 3.7 billion U.S. dollars), with a slight increase of 3.2%.
About 53.8 billion yuan (about 8.5 billion U.S. dollars) was created by Chongqing's private enterprises in the first two months. It has risen 10.4% from the same period last year, which was 2.6 percentage points higher than the growth rate of Chongqing's foreign trade.
The foreign-invested enterprises continue to be confident with Chongqing, the import and export value of foreign-invested enterprises stood at 61.2 billion yuan (about 9.6 billion U.S. dollars), a rise of 6.9%.
Chongqing's imports and exports rate to enterprises in the first two months of 2022. (iChongqing/ Vivian Yan)
In the first two months, Chongqing's imports and exports to the Association of Southeast Asian Nations (ASEAN) and the European Union (EU) were 19.3 billion yuan (about 3 billion U.S. dollars) and 19 billion yuan (about 3 billion U.S. dollars) respectively, up 2.4% and 6.7%.
In the same period, the import and export value to the United States was 15.35 billion yuan (about 2.4 billion U.S. dollars), dropping 6.5%.
In addition, the import and export value of countries along the Belt and Road climbed by 13.8%, reaching 35.9 billion yuan (about 5.6 billion U.S. dollars).
Chongqing's imports and exports rate to different regions in the first two months of 2022. (iChongqing/ Vivian Yan)
The import and export value of Chongqing Comprehensive Bonded Zone was 84.1 billion yuan (about 13.2 billion U.S. dollars), an increase of 8.2%, accounting for 67% of Chongqing's total foreign trade value.
Among them, the import and export value of Xiyong Comprehensive Bonded Zone, Lianglu-Cuntan Free Trade Port Area, Fuling Comprehensive Bonded Zone, and Jiangjin Comprehensive Bonded Zone was 49.4 billion yuan(about 7.8 billion U.S. dollars), 31.9 billion yuan (about 5 billion U.S. dollars), 1.6 billion yuan(about 253.4 million U.S. dollars), and 1.1 billion yuan(about 172.8 million U.S. dollars), up 2.7%, 15.4%, 65.7%, and 14.9% respectively.
It is worth noting that the Fuling Comprehensive Bonded Zone offers great potential from the surge of import and export value in the first two months.
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