Host: Chongqing Foreign Trade and Economic Relations CommerceUndertaker: Chongqing Investment Promotion Association
Position:HomeNews centerLatest news
Chongqing has an import and export growth rate of 10.6 percent
Time:2019-12-17pageviews:

According to a statement released by Chongqing Customs on December 12, in the first 11 months of this year, Chongqing's foreign trade totaled 525.36 billion yuan, increasing 10.6 percent from the same period last year and 8.2 percentage points higher than the overall national growth rate, of which, exports totaled 338.01 billion yuan, increasing 10.3 percent; imports totaled 187.35 billion yuan, increasing 11.1 percent.

Officials from Chongqing Customs introduced that foreign investment enterprises are the main force to drive the import and export of the city. In the first 11 months of this year, the import and export of Chongqing's foreign-invested enterprises reached 304.47 billion yuan, increasing 13.7 percent and accounting for 58 percent of Chongqing's total foreign trade.

In terms of the countries and regions of foreign trade partners, driven by industrial complementarity and new international land and sea trade channel, Chongqing's import and export to ASEAN countries has maintained rapid growth. In the first 11 months of this year, the total value of trade between Chongqing and ASEAN was 97.4 billion yuan, increasing 39.9 percent and accounting for 18.5 percent of Chongqing's total foreign trade.

In terms of the export goods category, the export growth trend of laptops, intelligent terminals, integrated circuits and other electronic information products is good. In the first 11 months of this year, Chongqing's exports of laptops, smart terminals, integrated circuits and other electronic information products reached 243.44 billion yuan, increasing 18.3 percent and accounting for 72 percent of the total export value which has increased 4.8 percentage points.

In addition, in terms of the import goods category, integrated circuit and ore commodities contributed significantly to import growth. In the first 11 months of this year, imports of integrated circuits in Chongqing totaled 78.11 billion yuan, increasing 62.5 percent. Imports of iron ore, copper ore, manganese ore and other ore commodities totaled 9.31 billion yuan, increasing 51.4 percent.

In the first 11 months of this year, Chongqing's foreign trade totaled 525.36 billion yuan, increasing 10.6 percent from the same period last year. Currently, the growth of world economic continues to slow down, how does Chongqing hand over such bright foreign trade report card? There are three reasons:

 

Reason 1: Foreign investors look favorably on Chongqing. Foreign invested enterprises drive import and export growth.

In July, AT&S announced that it would build a new factory in Liangjiang New Area to produce high-end semiconductor sealed loading panels for high-performance computing modules.

As the world's leading manufacturer of high-end semiconductor sealed loading boards and high-density interconnect printed circuit boards, AT&S is making a big deal: it plans to invest nearly 1 billion euros over the next five years, and the project is expected to start production at the end of 2021. It is also one of the biggest FDI projects in Chongqing this year.

An official from Chongqing Commission of Commerce suggests that Chongqing is working hard to build an inland open highland in accordance with the national requirements of “dual geographic importance”, “twin goals” and “paralleled progress”, and it has been favored by more and more foreign enterprises.

According to the official, the actual utilization of foreign capital in Chongqing has reached 10 billion dollars for eight consecutive years. In 2018, the actual utilization of foreign capital in Chongqing reached 10.27 billion dollars, an increase of 17.6 times compared with 550 million dollars in the initial period of direct administration.

Facing the global market, foreign-invested enterprises have brought more imports and exports to Chongqing while realizing their own development. According to the joint report on investment and operation information of Chongqing's foreign-invested enterprises in 2018, the foreign-invested enterprises reported in that year contributed 294.97 billion yuan to the total import and export volume, accounting for 56.5 percent of the city's total import and export volume, which has become an important support for Chongqing's import and export volume.

Since the beginning of this year, the actual utilization of foreign capital in Chongqing has continued to climb, with the actual utilization of foreign capital in the first three quarters reaching 6.547 billion dollars, increasing 3.11 percent year on year. Therefore, the import and export of Chongqing's foreign trade has also been rising. In the first November, the import and export of Chongqing's foreign-invested enterprises reached 304.47 billion yuan, increasing 13.7 percent, accounting for 58 percent of the total value of Chongqing's foreign trade in the same period.

 

Reason 2: New International Land and Sea Trade Channel Makes Trade between Chongqing and Southeast Asia More Convenient

By rail, road, water, air and other means of transport, the new international land and sea trade channel will go from Chongqing to the south through Guizhou and other provinces, and through Guangxi northern gulf and other coastal ports to Singapore and ASEAN's main logistics nodes. The operation time will be about 10 days less than that of the eastern region.

An official from Chongqing Port Logistics Office says that with the construction of the new international land and sea trade channel, trade between Chongqing and Southeast Asia has become more convenient.

Take the ASEAN shuttle bus as an example. Qiao Zhiyu, general manager of Chongqing ASEAN international logistics company, said that from the operation effect perspective, ASEAN shuttle bus has three advantages: first, the timeliness is fast. The time on the way is short. And the shuttle bus can enjoy a number of measures such as booking customs clearance and fast clearance. It has high efficiency. Second, it is safe and convenient because the shuttle bus can use the original box to the destination. Since there is no need to empty the box in the midway, the cargo damage could be reduced; also the self-provided containers put into use can be fully monitored through the information system. Third, the flexibility is quite strong. Shuttle bus can be customized according to customer requirements to meet the diverse logistics needs of customers; shuttle bus also provides "one-stop" service to achieve "door to door" direct transfer.

For example, ASEAN region is chose by more and more multinational companies to be their manufacturing base. But the scale is not necessarily large, and a product often need dozens of hundreds of parts. If the full container shipment (container) were used, these small and medium-sized factory warehouse and logistics conditions often could not satisfy their requirements. So some multinational companies choose to use customs supervision warehouse in Chongqing Nanpeng bonded logistics center. "To send out the shipping instruction from Chongqing and the goods arrived in the ASEAN factory, it can be done in as little as 45 hours."Qiao Zhiyu said.

As of November 30 this year, the annual operation of the rail-sea combined transport through the new international land and sea trade channel was 831, increasing 85 percent year on year, with the transportation of about 41,000 TEU and the cargo value of about 5.6 billion yuan. Among them, 65 international railway freight trains were opened annually, increasing 103 percent year on year. Cross-border regular buses made 1,094 trips annually, increasing 110 percent year on year.

The increase suggests that Chongqing is trading more closely with ASEAN region. In the first 11 months of this year, the total value of trade between Chongqing and ASEAN was 97.4 billion yuan, increasing 39.9 percent and accounting for 18.5 percent of Chongqing's total foreign trade.

 

Reason 3: Intelligent Manufacturing Is Strong. Computers, Mobile Phones and Other Smart Terminal Products Are Sent to the World.

In recent years, following the market demand of smart terminals, Chongqing has built an intelligent terminal industrial system integrating brand complete machines, scheme design, core components, OEM production and logistics, driving the growth of the city's industrial economy and export, and enhancing the city's ability to cope with economic fluctuations.

In 2018, smart terminals became the "first driving force" for Chongqing's exports, accounting for 247.76 billion yuan, an increase of 14.7%. The freight volume of intelligent terminal accounts for 40 percent of the freight volume of China-Europe express (Chongqing) and 90 percent of international aviation, making it the absolute main force of Chongqing's export.

In the first 11 months of this year, Chongqing's exports of electronic information products such as laptops, smart terminals and integrated circuits reached 243.44 billion yuan, increasing 18.3 percent, accounting for 72 percent of the city's total exports which increase 4.8 percent. 

Kuang Jian, the chief engineer of Chongqing commission of economy and information technology, said that this is inseparable with Chongqing's intelligent manufacturing enterprise to increase the size of new projects. He also said that next, Chongqing will build the world's most complete intelligent terminal ecological chain through fixing present chains, upgrading strong chains and developing new chains. Chongqing will also promote the deep integration of big data, artificial intelligence and production enterprises, strive to build a development pattern of multiple varieties, scale and the whole industrial chain, thus build the world's largest intelligent terminal production base.


Source: Chongqing Daily


Host: Chongqing Foreign Trade and Economic Relations CommerceUndertaker: Chongqing Investment Promotion AssociationTel: +86-023-67862888

Wechat QR code

Copyright 2012 All Rights Reserved by Chongqing Foreign Trade and Relations Commision渝ICP备12005872号-5. Prohbited to Copy and any MSL