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In the first quarter of 2018, Shenzhen's imports and exports from countries along the Belt and Road continued to grow(China ocean shipping)


May 22 2018

n the first quarter of 2018, Shenzhen's imports and exports to countries along the "Silk Road Economic Belt" and "21st Century Maritime Silk Road" (hereinafter referred to as "the countries along the route") were 141.06 billion yuan, an increase of 28.4 over the same period last year (the same below). %. Among them, exports were 77.31 billion yuan, an increase of 8.3%; imports were 67.75 billion yuan, an increase of 60.9%.(China ocean shipping)

(I) In March, exports changed from growth to decline, and imports increased slightly year-on-year. In 2017, Shenzhen's single-month imports and exports to the countries along the line maintained a year-on-year growth trend. The first two months of this year continued the year-on-year growth trend, and the import and export continued to maintain rapid growth year-on-year. Affected by the factors of the Spring Festival, the import and export volume in March changed from an increase to a decrease. In the same month, the import and export volume was 40.59 billion yuan, a year-on-year decrease of 4.6% and a month-on-month decrease of 13.3%. Among them, exports amounted to 22 billion yuan, the lowest value since March 2017, a year-on-year decrease of 9.4% and a month-on-month decrease of 9.5%; imports of 18.59 billion yuan, a year-on-year increase of 1.9%, and a month-on-month decrease of 17.5%.

(2) The import and export ratio of general trade accounts for nearly 60%, and the processing trade has grown rapidly. In the first quarter, Shenzhen's imports and exports to countries along the route were 80.75 billion yuan in general trade, an increase of 26%, accounting for 57.2% of Shenzhen's total imports and exports to the countries along the route (the same below). During the same period, the import and export volume through processing trade was 37.24 billion yuan, an increase of 87.6%, accounting for 26.4%; the import and export volume through special customs supervision, was 22.44 billion yuan, an increase of 39.1%, accounting for 15.9%.

(3) Imports and exports to ASEAN accounted for nearly 70%, and imports and exports to Vietnam surged. In the first quarter, Shenzhen's import and export to ASEAN was 96.27 billion yuan, an increase of 40.9%, accounting for 68.2%, of which 31.58 billion yuan was imported and exported to Vietnam, a surge of 2.4 times. In addition, imports and exports to India were 9.56 billion yuan, an increase of 19.6%.

(4) The export of mechanical and electrical products accounts for nearly 80%, and the export of traditional labor-intensive products has declined. In the first quarter, Shenzhen exported 55.16 billion yuan of mechanical and electrical products to countries along the route, an increase of 12%, accounting for 75.2% of the total value of Shenzhen's exports to countries along the route during the same period, of which automatic data processing equipment and its components were 3.64 billion yuan, an increase 7%; mobile phones were 2.85 billion yuan, down 2.2%. During the same period, the export of traditional labor-intensive products was 8.22 billion yuan, a decrease of 13.6%, accounting for 11.2%, of which 3.02 billion yuan was in textiles and apparel, a decrease of 16.7%.

(5) Mechanical and electrical products are the main imported products and maintain rapid growth. In the first quarter, Shenzhen ’s imports of mechanical and electrical products from countries along the route were 58.61 billion yuan, an increase of 83.3%, accounting for 86.5% of the total imports of Shenzhen ’s countries from the same period (the same below), of which 18.87 billion were integrated circuits, an increase of 23.2%; automatic data Processing equipment and its components amounted to 5.07 billion yuan, an increase of 56.2%. During the same period, imported agricultural products were 2.86 billion yuan, a decline of 8.3%, of which grains were 1.01 billion yuan, an increase of 7.7%.

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