BUSINESS Beijing posts 7.5 pct rise in foreign trade

BUSINESS

Beijing posts 7.5 pct rise in foreign trade

Xinhua

18:27, July 03, 2019

BEIJING, July 3 (Xinhua) -- Beijing saw its foreign trade increase by 7.5 percent year on year to 1.15 trillion yuan (167 billion U.S. dollars) in the first five months this year, local customs said Wednesday.

VCG111219030652.jpg

A view at the China National Convention Center of the 2019 China International Fair For Trade in Services (Photo: VCG)

From January to May, its imports grew 8.9 percent year on year to 955.56 billion yuan while exports rose 1.4 percent to 198.94 billion yuan, Beijing Customs said.

The city saw trade with the European Union rise 22.1 percent year on year to 156.53 billion yuan from January to May, trade with the Association of Southeast Asian Nations go down 2.1 percent to 103.06 billion yuan and trade with Australia increase 61.7 percent to 84.94 billion yuan.

During the period, Beijing's trade with the United States fell 32.6 percent year on year to 72.33 billion yuan.

In terms of major imported products, the city imported 176.58 billion yuan worth of mechanical and electrical products in the first five months, down 5.4 percent year on year, and 72.77 billion yuan worth of high-tech products, down 1.6 percent.

As for exports, Beijing exported 79.22 billion yuan worth of mechanical and electrical products from January to May, down 4.8 percent year on year, and 14.44 billion yuan worth of mobile phones, up 73.8 percent. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue