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Zhongshan's total import, export value in Q1 up 11.7% YoY
Updated: 2024-04-29    Source: Zhongshan Daily Large Medium Small Print

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In the first quarter of 2024, Zhoingshan's total import and export value stood at 62.43 billion yuan, representing a year-on-year increase of 11.7%. The export value amounted to 54.34 billion yuan, up 14.8%, and the import value totaled 8.09 billion yuan, down 5.7%.

General trade imports and exports occupy a dominant position, with a proportion of more than 60% of the total import and export value. The general trade import and export value was 40.38 billion yuan, up 19.8% year on year. Market procurement trade exports saw a significant increase, rising 62.6% year-on-year to 1.67 billion yuan.

Private enterprises and foreign-invested enterprises became the main force of imports and exports. The import and export value of private enterprises jumped 19.7% from a year earlier to 29.16 billion yuan, accounting for 46.7% of the total, and that of foreign-invested enterprises grew 3% to 28.95 billion yuan, accounting for 46.3%. State-owned enterprises witnessed a total import and export value of 4.31 billion yuan, up 36.3% and accounting for 6.9%.

Zhongshan saw recovery in foreign trade with its top three trading partners, the United States, EU and ASEAN. Data shows that Zhongshan's trade values with the aforementioned three partners rose 10.7%, 16.9% and 13.3% to 10.57 billion yuan, 10.18 billion yuan and 7.38 billion yuan respectively.

In the first quarter, Zhongshan's exports of mechanical and electrical products reached 43.19 billion yuan, marking a year-on-year increase of 17.6% and accounting for 79.5% of the total. The imports of mechanical and electrical products amounted to 4.74 billion yuan, reflecting a modest growth of 0.8% and accounting for 58.5% of the total.

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