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Foreign Trade of Chongqing in the First 3 Quarters

According to the statistics made by Chongqing Customs, the total import and export of Chongqing in the first 3 quarters was US$ 7.4 billion, a y-o-y increase of 39.6%, close to that of US$ 7.44 billion last year, where the export was US$ 4.48 billion, an increase of 38.6%, and the import was US$ 2.92 billion, an increase of 41.3%. The total import and export in September reached US$ 810 million, an increase of 17.7%, where the export was US$ 530 million, an increase of 23.9%, and the import was US$ 280 million, an increase of 7.5%. The main features of import and export of Chongqing in the first 3 quarters are as follows:

I. For import and export, the general trade was still the leading sectors, and the processing trade increased rapidly. In the first 3 quarters, Chongqing’s import and export in general trade reached US$ 6.33 billion, an increase of 41.6% and accounting for 85.5% of the total import and export in the same period of Chongqing. Wherein, the export was US$ 4.01 billion, an increase of 41.2%, and the import was US$ 2.32 billion, an increase of 42.3%. In the same period, the import and export in processing trade was US$ 560 million, a growth of 49.4% which increased by 32.8%. Foreign-invested enterprises have invested US$ 360 million in equipment import, an growth of 18.7% which decreased by 10.2%.

II. Private enterprises developed in foreign trade with increasing export growth. In the first 3 quarters, the values of import and export of foreign-invested enterprises, private enterprises, and state-owned enterprises in Chongqing reached US$ 2.88 billion, US$ 2.81 billion, and US$ 1.71 billion with the increases of 33.8%, 60.2%, and 22.8% respectively, which accounted for 38.8%, 38%, and 23.2% respectively of the total value of imports and exports in Chongqing in the same period one year earlier. In import, the foreign-invested enterprises accounted for 73.4% with a decrease of 5.4%. In export, the private enterprises accounted for 58.5%, an increase of 8.1%.

III. Export to Europe and America slowed down and import speeded up, and the business with Brazil, Argentina, and Taiwan developed rapidly. In the first 3 quarters, the total values of import and export between Chongqing and the first 3 largest trading partners - European Union, America, and Japan reached US$ 1.75 billion, US$ 830 million, and US$ 790 million respectively with the increases of 29.2%, 22.2%, and 15.1% respectively. The values of export to European Union and Japan reached US$ 740 million and US$ 210 million respectively with the increases of 20.4% and 21.2% respectively. The value of export to America reached US$ 410 million with a decrease of 1.1%. And the increases have dropped by 14.4%, 4.2%, and 35% respectively. The values of import from European Union and America reached US$ 1.01 billion and US$ 420 million respectively with the increases of 36.5% and 58.8%, which were 14.3% and 59.4% higher than the previous values. The value of import from Japan reached US$ 590 million, an increase of 13.1%, which has dropped by 38.8%. Over the same period, the business with Brazil, Argentina, and Taiwan has developed rapidly and the rate of development has ranked in the forefront of the top 10 largest trade partners.

IV. The increase in foreign trade of Yubei District slowed down. The districts and counties with the value of import and export of hundreds of millions of dollars increased from 11 to 13. In the first 3 quarters, Yubei District has ranked the No.1 in import and export among the districts and counties of Chongqing with a total value of import and export of US$ 1.41 billion, which has increased by 8.7%, and the increase has decreased by 37.8%. Jiangbei District and Jiulongpo District have kept growing with the total values of import and export of US$ 990 million and US$ 940 million respectively, which have increased by 33.5% and 21.2%. The total value of the three districts has accounted for 45% of the total value of import and export in Chongqing on a year on year basis. In addition, the values of import and export of the 10 districts including Shapingba District, Dadukou District, and Banan District have exceeded US$ 100 million.

V. Export in mechanical and electrical products increased substantially and export in main export commodities such as chemicals and nonferrous metals increased favorably. In the first 3 quarters, Chongqing’s export in mechanical and electrical products reached US$ 3.14 billion, an increase of 45.4%, which was 16% higher than the previous value and accounted for 69.9 of the total export value of Chongqing on a year on year basis, an increase of 3.3%. 2.92 million motorcycles have been exported, an increase of 31.1%, and the export amount reached US$ 1.07 billion, an increase of 41.4%. 48,000 automobiles have been exported, an increase of 98.3%, and the export amount reached US$ 260, an increase of 150%; 2.288 million engines for motorcycle have been exported, an increase of 80.8%, and the export amount reached US$ 240 million, an increase of 110%. Over the same period, the amount of export in chemicals and related products reached US$ 460 million, an increase of 34.1%; and the amount of export in non-ferrous metals reached US$ 260 million, an increase of 18.1%; and the amount of export in textile yarns, fabrics and products reached US$ 240 million, an increase of 44.9%.

IV. The import proportion of primary products increased and mechanical and electrical products decreased. In the first 3 quarters, the value of import in primary products to Chongqing reached US$ 630 million, an increase of 82.9%, which accounted for 21.5% of the total value of import in Chongqing and increased by 4.9% on a year on year basis. 450,000 tons of soybeans have been imported, an increase of 7.4%, and the value reached US$ 270 million, an increase of 87.3%. 858,000 tons of iron sand has been imported with a decrease of 25.4%, and the value has been achieved US$ 140 million, an increase of 47.2%. Over the same period, the value of import in industrial products reached US$ 2.29 million, an increase of 33%, which has accounted for 78.5% of the total value of import on a year on year basis. The value of import in mechanical and electrical products reached US$ 1.9 million, an increase of 27.1%, and the proportion of the total value of import in Chongqing have decreased from 72.2% in the same period last year to 64.9%.

   

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