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In the first three quarters, Foshan’s import and export reached 362.6 billion yuan, with private enterprises contributing more than 60% of its total foreign trade

On the 25th. October 2019, the reporter learned from Foshan Customs that in the first three quarters of this year, Foshan’s total foreign trade import and export value was 362.6 billion yuan, up 4.8% from the same period last year. Among them, the total value of Foshan’s foreign trade in September was 44.48 billion yuan, up 21.5%.

In the first three quarters, Foshan's import and export reached 362.6 billion yuan, with private enterprises contributing more than 60% of its total foreign trade
In the first three quarters, Foshan’s import and export reached 362.6 billion yuan, with private enterprises contributing more than 60% of its total foreign trade

From the perspective of foreign trade formats, the general trade toughness has further shown, and emerging trade formats have increased significantly. In the first three quarters, Foshan imported and exported 1936.33 billion yuan in general trade, up 6%, accounting for 53.4% of Foshan’s total foreign trade value in the same period. It is noteworthy that new trade formats are developing rapidly, with imports and exports of 5.02 billion yuan through cross-border e-commerce trade, up 88.5%.

Private enterprises are still the main force in Foshan’s foreign trade. In the first three quarters of foreign trade import and export, the proportion of private enterprises further expanded, and the endogenous power continuously increased. Data show that from January to September, the import and export of private enterprises in Foshan was 222.28 billion yuan, up 8.5%, accounting for 61.3% of Foshan’s total foreign trade value in the same period, up 0.4 percentage points from the previous eight months.

In terms of trading partners, ASEAN and EU are the top two major markets in Foshan. At the same time, the growth rate of Foshan’s “the belt and road initiative” market in the first three quarters exceeded the overall foreign trade growth rate for the first time this year. Foshan’s import and export to ASEAN reached 61.65 billion yuan, up 12.1%, accounting for 17% of Foshan’s total foreign trade value during the same period. Imports and exports to the EU totaled 47.71 billion yuan, up 11.2 percent. Imports and exports to countries and regions along the “the belt and road initiative” route totaled 115.82 billion yuan, up 7.7%, 2.9 percentage points higher than the overall growth rate of Foshan’s foreign trade during the same period.

Judging from the types of products, the export growth of traditional advantageous products is stable. In the first three quarters, Foshan exported 154.26 billion yuan of mechanical and electrical products, up 7.6%, accounting for 54.9% of Foshan’s total foreign trade exports during the same period. Exports of household appliances, furniture and ceramics also increased. Foshan’s main imported products increased or decreased with each other. In the first three quarters, Foshan imported 24.37 billion yuan of mechanical and electrical products, up 2.8%, accounting for 29.8% of Foshan’s total foreign trade imports during the same period.

Since the beginning of this year, Foshan has continuously promoted the facilitation of customs clearance, further simplified the port verification certificates and accompanying documents, shortened the customs clearance time and optimized the business environment at the port. As of September this year, the overall customs clearance time at Foshan Port was 16.43 hours and 2.51 hours respectively, 81.85% and 76.37% lower than that in 2017.

 

Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/foshans-import-and-export-reached/

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