Beijing Import-Export Value 609.75 Billion Yuan in Quarter I, 2018

[2018-05-23]


According to Beijing Customs statistics, in the first quarter of this year, Beijing Municipality’s import-export value was CNY 609.75 billion, up 16.4% year-over-year (YOY); therein, import value 495.25 billion yuan, up 12.9% YOY, and export value 114.5 billion yuan, up 34.5% YOY.

In March alone, Beijing's import-export value totaled 221.97 billion yuan, up 12% YOY and up 28.7% from February; therein, import value 176.61 billion yuan, up 5.7% YOY and up 26% from Feb, and export value 45.36 billion yuan, up 46.5% YOY and up 40.8% from Feb.

Trade Mode: in the first quarter of this year, ordinary foreign trade reached 532.34 billion yuan, up 30.4%, accounting for 87.3% of the total value; foreign processing trade reached 31.62 billion yuan, down 55.7%, accounting for 5.2%; Customs special controlled import and export totaled 28.25 billion yuan, down 2.8%.

Trading Partners: in the first quarter of this year, Beijing’s trade with the European Union reached 75.19 billion yuan, up 17.3%, accounting for 12.3% of the total; trade with ASEAN reached 63.07 billion yuan, up 53.3%, accounting for 10.3%; trade with the United States reached 59.24 billion yuan, up 18.9%, accounting for 9.7%.

Export Goods: in the first quarter of this year, Beijing exported electro-mechanical products worth 51.01 billion yuan, up 18.7%, and high-tech products worth 22.31 billion yuan, up 28.6%. Specifically, export of refined oil reached 42.33 billion yuan, up 99.6%; mobile phones 4.71 billion yuan, up 46.6%; steels 4.35 billion yuan, up 6.3%; textile and clothing 3.04 billion yuan, down 9.9%; vessels 2.43 billion yuan, down 4.7%.

Import Goods: in the first quarter of this year, Beijing imported electro-mechanical products worth 110.03 billion yuan, up 9.9%, and high-tech products worth 41.8 billion yuan, up 3.6%. Specifically, import of crude oil reached 216.77 billion yuan, up 20.7%; autos 40.54 billion yuan, up 17%; natural gas 31 billion yuan, up 53.8%; agricultural products 24.09 billion yuan, up 4.8%; and iron ore 14.68 billion yuan, down 37%. 
 
Source: ETCN