BUSINESS Shenzhen's foreign trade up 2.4% in 2020


Shenzhen's foreign trade up 2.4% in 2020


17:01, February 03, 2021

Aerial photo taken on Sept 12, 2020 shows a view of Nanshan district of Shenzhen, South China's Guangdong province. (Photo: Xinhua)

SHENZHEN - Shenzhen's foreign trade grew by 2.4 percent, year-on-year, to reach 3.05 trillion yuan ($473 billion) last year, local customs said on Tuesday.

Exports rose by 1.5 percent, year-on-year, to 1.7 trillion yuan and imports grew by 3.6 percent, year-on-year, to 1.35 trillion yuan, Shenzhen Customs said.

Private companies helped stabilize foreign trade, contributing 1.81 trillion yuan in exports and imports, a year-on-year increase of 5.7 percent.

As more people work from home or entertain online during the pandemic, there was a strong demand for electronic products, thus boosting exports of these products.

Shenzhen's computer, audio and video equipment, home appliance, and video game console exports jumped by 7.9 percent, year-on-year, to 317.3 billion yuan last year.

The city's trade with countries participating in the Belt and Road Initiative rose by 2.1 percent, year-on-year, to 673.47 billion yuan. It was a record high since the initiative was proposed in 2013.

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