Beijing registered an import and export trade value of 1.77 trillion yuan during the first eight months of this year, a year-on-year increase of 24.2 percent, according to the latest report from Beijing Customs.
This sum includes trade numbers from state-owned enterprises based in Beijing. The annual increase is close to triple that of the national average growth, at 9.1 percent.
Specifically, Beijing's import value totaled 1.45 trillion yuan, a year-on-year increase of 23.2 percent (national average at 13.7 percent); its export value was 322.57 billion yuan, an increase of 29.1 percent year-on-year (national average at 5.4 percent).
In August alone, Beijing recorded an import and export value of 238.62 billion yuan, a year-on-year rise of 33.9 percent, but down 1.7 percent from the previous month. Among the total, the import value was 193.49 billion yuan, a year-on-year hike of 34.8 percent, down 3.1 percent from the previous month; and the export value was 45.13 billion, a year-on-year increase of 30.2 percent, up 6.2 percent from July.
The report also details trade data in various categories. The general trade import and export value in the first eight months was 1.53 trillion yuan, up 33.8 percent and accounting for 86.2 percent of the total foreign trade value of Beijing in that period. The import and export value of bonded logistics was 101.18 billion yuan, up 34 percent and accounting for 5.7 percent of foreign trade. The import and export value of processing trade was 98.53 billion yuan, down 40.8 percent and accounting for 5.6 percent of foreign trade.
In terms of major trading partners, the bilateral trade volume between Beijing and the 28 EU countries totaled 215.27 billion yuan, up 15.8 percent and accounting for 12.1 percent of all foreign trade. The import and export value with ASEAN was 169.18 billion yuan, an increase of 47.8 percent and accounting for 9.5 percent of all foreign trade. The import and export value with the U.S. was 169.15 billion yuan, an increase of 22.1 percent and accounting for 9.5 percent of all foreign trade.
In terms of major export commodities, the export of mechanical and electrical products totaled 138.59 billion yuan in value, a rise of 12 percent. The export of refined oil more than doubled in value, reaching 120.66 billion yuan. Mobile phone export totaled 17.4 billion yuan, an increase of 82.9 percent. Steel export stood at 12.68 billion yuan, an increase of 4.8 percent. Textile and apparel export recorded 8.74 billion yuan, down 27.2 percent. Integrated circuits export was at 7.06 billion yuan, down 20 percent.
In terms of major imported goods, in the first eight months Beijing imported 305.9 billion yuan of mechanical and electrical products, an increase of 8.8 percent. Specifically, imported crude oil recorded 625.65 billion yuan, up 39.1 percent; automobiles 109.33 billion yuan, up 7 percent; natural gas 92.04 billion yuan, up 49.2 percent; agricultural products 74.81 billion yuan, up 1.7 percent; iron ores 42.63 billion yuan, down 15 percent.