BUSINESS Beijing's trade with US up 133.4% in Q1: customs

BUSINESS

Beijing's trade with US up 133.4% in Q1: customs

Global Times

07:34, April 27, 2021

Trade between China’s capital Beijing and the US in the first quarter this year saw a 133.4 percent increase to 81.2 billion yuan ($12.5 billion), accounting for 12 percent of the city’s total trade value, data released by Beijing Customs showed on Monday.

Beijing (File Photo: VCG)

According to the data, Beijing’s total trade value in the first quarter was 677.3 billion yuan, an 8.8 percent rise year-on-year, and 1.9 percent higher than in 2019. It was also the fifth continuous month in which the trade value was higher than 200 million yuan.

The rise indicates that Beijing’s international trade has become stable, media reports said.

According to the data, Beijing’s top five trade partners are the EU (not including the UK), the US, ASEAN, Australia and Saudi Aribia. The trade value with the EU reached 91.48 billion yuan, a 27.1 percent increase.

Among the trade items, imports of agricultural products saw a dramatic increase, with the value reaching 56.36 billion yuan in the first quarter, an 86.1 percent increase year-on-year. Imports of iron ore reached 40.99 billion yuan, up 53.3 percent.

The value of exported cellphones was 19.51 billion – 92 percent higher than one year before. And the value of exported medical goods was 13.27 billion yuan, 15.2 times higher than the year before, according to the data.

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