CHONGQING (CQNEWS) -- On July 24, Chongqing Customs District P. R. China released Chongqing foreign trade performance in the first half of 2024, indicating that Chongqing foreign trade import and export of 339.74 billion yuan, ranking the 13th of China; and the third in the western China, only following Sichuan which is the first place and Guangxi which is the second place. Among them, in June, Chongqing foreign trade import and export of 62.19 billion yuan realized a year-on-year growth rate of 1.6%.

Chongqing Customs District P. R. China analyzed and found that in the first half of this year, the export scale of Chongqing advantageous products has steadily expanded. For example, exports of electromechanical products amounted to 212.22 billion yuan, with a year-on-year growth rate of 6.1%, accounting for 90% of the total value of exports. Among them, the growth rate of laptop computers, cell phones and automobile exports of 77.8 billion, 21.35 billion and 20.01 billion yuan respectively, is higher than the overall level of similar commodities in the country, with a year-on-year growth rate of 4.7%, 35.8% and 34.9% respectively.

Moreover, based on the business entities, state-owned enterprises plaid a significant role in driving. In the first half of 2024, Chongqing state-owned enterprises import and export of 35.19 billion yuan realized a year-on-year growth rate of 27.2%, driving Chongqing foreign trade growth rate of 2.2% in the same period.

In addition, based on trade partners, the trade with ASEAN and emerging markets grew significantly. In the first half of 2024, Chongqing imported and exported 54.51 billion yuan to ASEAN, with a year-on-year growth rate of 6.3%, accounting for 16% of the total value of Chongqing foreign trade. During the same period, the imports and exports to Russia, the Arab League and Mexico were respectively 11.73 billion yuan, 11.43 billion yuan and 8.48 billion yuan, with a year-on-year growth rate of 18.6%, 10.3% and 26.8% respectively, totaling accounting for 9.3%.

The relevant person in charge of Chongqing Customs District P. R. China said that the major open platforms had also become the main forces of Chongqing to stabilize foreign trade; in the first half of 2024, they realized the import and export of 216.83 billion yuan, accounting for 60% of Chongqing foreign trade, providing an important support for Chongqing foreign trade import and export. Among them, Chongqing Xiyong Comprehensive Bonded Zone and Chongqing Lianglu Guoyuan Port Comprehensive Bonded Zone realized the import and export of 136.03 billion yuan and 73.1 billion yuan respectively, ranking 5th and 9th among the national comprehensive protection zones in term of the total value of foreign trade. (Translated by Vichy, Fathom Language Limited)