Qingdao’s foreign trade imports and exports increased by 1.8% in the first half of the year

Qingdao's foreign trade imports and exports increased by 1.8% in the first half of the year

According to the statistics of Qingdao Customs, in the first half of this year, Qingdao’s total foreign trade import and export value was 286.44 billion RMB, an increase of 1.8% over the same period last year, accounting for 30.3% of Shandong’s total import and export value during the same period, and accounting for an increase of 1.5 percentage points over the same period last year. Among them, exports were 167.36 billion RMB, an increase of 4.9%; imports were 119.08 billion RMB, a decrease of 2.3%.

Compared with previous years, Qingdao’s foreign trade in the first half of the year showed many new features. Data show that in the first half of this year, Qingdao’s general trade import and export ratio continued to increase. In the first half of the year, Qingdao’s general trade import and export was 194.32 billion RMB, an increase of 13.2%, accounting for 67.8% of Qingdao’s total foreign trade import and export value, accounting for an increase of 6.8 percentage points compared with the same period last year. Among them, exports increased by 9.1% and imports increased by 20.8%; in the same period, Qingdao’s processing trade import and export was 51.46 billion RMB, a decrease of 9.5%; the bonded logistics import and export was 36.41 billion RMB, a decrease of 26.8%.

Among all the market entities in Qingdao, the import and export of private enterprises was 181.78 billion RMB, an increase of 10.9%, accounting for 63.5% of the city’s total import and export value, an increase of 5.2 percentage points.

ASEAN, the European Union, and the United States are Qingdao’s top three trading markets. At the same time, Qingdao’s imports and exports to countries along the “Belt and Road” have increased significantly. In the first half of the year, ASEAN was Qingdao’s largest trade market. Qingdao’s imports and exports to it were 38.89 billion RMB, an increase of 23.1%, accounting for 13.6% of the city’s total import and export value, of which exports increased by 23.3% and imports increased by 22.9%; the European Union (excluding Britain) is the second largest trade market, with imports and exports of 37.88 billion RMB, an increase of 8.1%, accounting for 13.2% of the total value of imports and exports; the United States is the third largest trading market, with imports and exports of 31.49 billion RMB, a decrease of 6.8%. During the same period, Qingdao’s imports and exports to countries along the “Belt and Road” were 80.46 billion RMB, an increase of 12.1%, which was 10.3 percentage points higher than the city’s overall increase, and accounted for 28.1% of the city’s total foreign trade import and export value.

The export of mechanical and electrical products and labor-intensive products increased. In the first half of the year, Qingdao’s export of mechanical and electrical products was 76.99 billion RMB, an increase of 6.1%, accounting for 46% of the city’s total export value. Among them, TV exports increased by 27.9%, general machinery exports increased by 19.1%, refrigerator exports increased by 27.3%, and container exports An increase of 10.1%, automobile exports increased by 1.3 times; in the same period, Qingdao’s labor-intensive product exports were 36.56 billion RMB, an increase of 6.2%.

The import of agricultural products increased steadily. The import of agricultural products in Qingdao was 28.81 billion RMB, an increase of 10.9%, accounting for 24.2% of the city’s total import value. In addition, imports of mechanical and electrical products were 22.04 billion RMB, an increase of 0.4%.

It is particularly worth mentioning that Qingdao’s cross-border e-commerce imports and exports have doubled. In the first half of the year, Qingdao imported and exported 1.18 billion RMB through the customs cross-border e-commerce management platform, an increase of 3.2 times. Among them, cross-border direct purchase exports were 590 million RMB, an increase of 1.9 times; online shopping bonded imports were 590 million RMB, an increase of 7.5 times.

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