Foshan China 2020-07-29
In the first half of this year, total foreign trade in Foshan reached 201.66 billion yuan. Among them, the export value was 161.28 billion yuan while the imports reached 40.38 billion yuan. In June, total foreign trade in Foshan was 33.51 billion yuan, of which exports were 25.86 billion yuan and imports were 7.65 billion yuan.
Data shows that Foshan sees growing emerging trade formats. In the first half of the year, Foshan imported 115.76 billion yuan in general trade, accounting for 57.4% of the total foreign trade import and export value. Imports and exports by processing trade in Foshan were 39.82 billion yuan, accounting for 19.7%. Emerging trade formats continued to grow rapidly. Among them, imports and exports through the customs cross-border e-commerce management platform increased by 30.9% year on year to 2.92 billion yuan; and the exports through market procurement were 43.03 billion yuan, up by 40.5% year on year.
Foshan's foreign trade with B&R countries are better than the whole. In the first half of the year, the city's trade volume with ASEAN were 36.66 billion yuan, up 3.9 percent year on year, accounting for 18.2% of Foshan's total foreign trade during the same period. In addition, Foshan's foreign trade with B&R countries was 69 billion yuan with an increase of 1.9%, which exceeded Foshan’s overall foreign trade import and export growth rate by 10.4%.
Imports of auto parts and steel continued to grow against the trend. In the first half of the year, Foshan imported 15.63 billion yuan of mechanical and electrical products, up 2 percent year on year, accounting for 38.7% of Foshan's total foreign trade during the same period. At the same time, the foreign trade of auto parts and accessories was 2.34 billion yuan with an increase of 18%; steel products were 1.87 billion yuan with an increase of 18.3%.
The person in charge of Foshan Customs introduced that they will continue to closely follow the specific impact of overseas epidemics on foreign trade market players in the next step, promote stable growth of foreign trade, and help companies strengthen diversified market channels, develop domestic markets where export products are marketable, and guide companies to explore emerging markets and consolidating existing markets.