China's Shenzhen sees foreign trade volume up 2% in Jan-Aug |


China's Shenzhen sees foreign trade volume up 2% in Jan-Aug

Updated: Sep 16, 2020 Xinhua Print

South China's metropolis of Shenzhen saw its foreign trade volume edge up 2 percent year-on-year to 1.88 trillion yuan (about $276 billion) from January to August, local customs said.

Of the total trade, the export volume reached 1.04 trillion yuan, while the import volume was 845.69 billion yuan.

In the first eight months, Shenzhen's general foreign trade totaled 964.94 billion yuan, up 7.6 percent year-on-year, accounting for 51.3 percent of its total foreign trade volume.

Shenzhen also saw a surging demand for the import of electronic components and high-end manufacturing equipment. In the first eight months, its import of electronic components went up 12.9 percent to 431.59 billion yuan, while the import of storage components rose 29.3 percent to 28.52 billion yuan. The city also imported 7.24 billion yuan worth of semiconductor manufacturing equipment, up 35.9 percent.

During the period, the city's trade with the ASEAN countries and Mexico both rose by nearly 10 percent. It also reported positive trade growth with other major trading partners, including the European Union, Britain, Japan and the Republic of Korea.

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