Shenzhen’s imports and exports increased by nearly 20% in the first half of the year

Shenzhen's imports and exports increased by nearly 20% in the first half of the year

On July 29, a batch of 88.62 tons of lithium-ion battery electrolyte in barrels was transported from Huizhou Daya Bay to the Yantian Port International Container Terminal, and was exported to Europe after customs clearance procedures. The entire process from entering the lock to the completion of the lifting and loading of the container took only 2 hours. “It’s faster! In the past, the whole process may take 2-3 days.” Manager Chen of the logistics department of Shenzhen Xinzhoubang Technology Co., Ltd, told reporters happily.

The new model of Shenzhen Customs “direct shipment upon arrival” greatly reduces the storage and circulation of goods in the traditional customs clearance mode, and presses “shortcut keys” for customs clearance of goods. The reporter noted that Shenzhen continues to optimize the port business environment, promote cross-border trade facilitation, and create a better port business environment. A large number of “Made in Shenzhen”, especially consumer electronic and electrical products, are popular in the international market. According to customs statistics, in the first half of the year, Shenzhen’s imports and exports reached 1.59 trillion RMB, a year-on-year increase of 19.3%, and it has achieved year-on-year growth for eight consecutive months.

According to customs, Shenzhen’s general trade accounts for more than half of the total, and processing trade is growing rapidly. In the first half of the year, general trade imports and exports with a longer industrial chain and relatively high export value added were 805.77 billion RMB, an increase of 18.6%, accounting for 50.6% of the total import and export value of Shenzhen in the same period; processing trade imports and exports were 410.14 billion RMB, an increase of 24.5% .

“This shows that from the past processing trade to the current general trade, Shenzhen’s foreign trade structure has achieved a more reasonable transformation.” said an expert from the China (Shenzhen) Comprehensive Development Research Institute.

To support local enterprises in Shenzhen, Shenzhen’s relevant departments and customs have spared no effort. For example, the customs implements precise guidance and continuously strengthens the cultivation of AEO advanced certification companies, so that more foreign trade companies can understand and make good use of policies. Since the beginning of this year, 22 companies have been certified as AEO advanced certified companies under the guidance of cultivation. Up to now, there are 325 advanced certification enterprises in Shenzhen Customs District.

This year, Shenzhen China Resources Jiuxin Pharmaceutical Co., Ltd. has greatly increased its global delivery speed, reduced the overall supply chain cost by more than 15%, and has also opened up new markets in Eastern Europe such as Armenia; Shenzhen Haichen Logistics Co., Ltd. and Shenzhen have passed advanced certification this year. Yida Hengtong Supply Chain Management Co., Ltd. immediately enjoys the “AEO International Mutual Recognition between China and Serbia”. Goods can enjoy convenient customs clearance between the two countries, effectively reducing trade costs such as ports, insurance, and logistics, and promoting general trade volume.

In addition, in terms of imports, imports of mechanical and electrical products accounted for nearly 80%. In the first half of the year, Shenzhen imported 584.72 billion RMB of mechanical and electrical products, an increase of 15.7%, accounting for 79.1% of Shenzhen’s import value in the same period. Among them, the total import of electronic components such as integrated circuits, liquid crystal panels, audio and video equipment and their parts was 392.97 billion RMB, an increase of 19.4%, driving the city’s import growth by 10.3 percentage points.