Source:Shenzhen Daily | Author:Tina Chen
Exports surged from January to April this year in Shenzhen by 46.7 percent on last year, faster than China’s average.
Shenzhen Customs said that exports reached US$75 billion, resulting in its trade surplus rising to US$21.1 billion, widening by 61.2 percent, according to a report in Thursday’s Shenzhen Economic Daily.
Total trade volume of imports and exports was US$129 billion, 44.6 percent more than the same period last year. The increase was 16.1 percentage points higher than the national average and 14.9 percentage points higher than that of Guangdong Province.
Consumer electronic products such as mobile phones, laptop computers and games consoles were the most popular.
The booming processing business is the main engine of the increase. The imports and exports of Shenzhen’s processing industry reached US$72.7 billion during the first four months, increasing by 63.3 percent, of which US$28.8 was from imports and US$43.9 billion was from exports.
The imports and exports of private companies reached US$40.6 billion, up 63.6 percent, which is 19 percentage points higher than the city’s import-export growth rate.
The imports and exports in April reached a record US$11.9 billion, an increase of 68.2 percent over the same period last year.
Exports of foreign-invested companies reached US$43.1 billion in April.
ASEAN countries surpassed America and European Union to become Shenzhen’s biggest source of imports with the bilateral trade value between Shenzhen and the ASEAN reaching US$14.4 billion