Shenzhen’s trade hits 3.99 trillion yuan in first eight months, up 35.2%
Shenzhen’s cumulative import and export value reached 3.99 trillion yuan in the first eight months of 2024, a 35.2% year-on-year increase. Exports rose 15.6% to 2.07 trillion yuan, while imports surged 65.5% to 1.92 trillion yuan. Private enterprises drove 74.2% of total trade, with Hong Kong, ASEAN, and Taiwan as top partners. The data reflects robust trade activity in the Chinese tech hub.
IllustrationEditorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
Shenzhen's total imports and exports surge 35.2% year-on-year in first eight months
According to data released by Shenzhen Customs on September 20, Shenzhen's total imports and exports reached 3.99 trillion yuan in the first eight months of 2024, a 35.2% increase year-on-year. Exports grew 15.6% to 2.07 trillion yuan, while imports surged 65.5% to 1.92 trillion yuan. General trade accounted for 50.7% of the total, with bonded logistics growing over 50%. Private enterprises contributed 74.2% of the total trade value, up 44.2%. All of Shenzhen's top ten trading partners saw growth, with Hong Kong, ASEAN, and Taiwan being the largest. Exports of electronic components and 'new three' products (electric vehicles, lithium batteries, solar cells) rose. Imports of electronic components and computer parts increased significantly, with computer parts imports more than doubling.
Read sourceShenzhen's foreign trade reaches nearly 4 trillion yuan in first 8 months, private firms account for over 70%
According to customs statistics released on September 20, Shenzhen's total import and export volume reached 3.99 trillion yuan in the first eight months of this year, a year-on-year increase of 35.2%. Exports totaled 2.07 trillion yuan, up 15.6%, while imports surged 65.5% to 1.92 trillion yuan. Private enterprises were the main driver, contributing 2.96 trillion yuan, or 74.2% of the total, with a growth rate of 44.2% and pulling overall trade growth by 30.8 percentage points. Foreign-invested enterprises accounted for 977.59 billion yuan, up 24.1%. The top ten trading partners collectively accounted for 3.11 trillion yuan, or 78% of total trade, growing 37.2%. Hong Kong, ASEAN, and Taiwan were the top three partners, followed by the EU, the US, Japan, South Korea, India, Switzerland, and Australia.
Read sourceShenzhen's Jan-Aug Trade Nears 4 Trillion Yuan, Private Firms Account for Over 70%
According to customs statistics released on September 20, Shenzhen's total imports and exports for the first eight months of 2024 reached 3.99 trillion yuan, a year-on-year increase of 35.2%. Exports grew 15.6% to 2.07 trillion yuan, while imports surged 65.5% to 1.92 trillion yuan. Private enterprises were the main driver, contributing 2.96 trillion yuan (74.2% of total), up 44.2% and pulling overall growth by 30.8 percentage points. Foreign-invested enterprises accounted for 977.59 billion yuan, up 24.1%. The top three trade partners were Hong Kong (784.46 billion yuan), ASEAN (593.96 billion yuan), and Taiwan (396.37 billion yuan), followed by the EU, the US, Japan, South Korea, India, Switzerland, and Australia. The top ten partners collectively accounted for 3.11 trillion yuan, or 78% of total trade.
Read sourceShow 2 older updatesHide older updates
Shenzhen's Trade Hits 3.99 Trillion Yuan in First Eight Months, Up 35.2%
According to data from Cailian Press on September 20, citing customs statistics, Shenzhen's cumulative import and export value reached 3.99 trillion yuan in the first eight months of this year, a year-on-year increase of 35.2%. Exports totaled 2.07 trillion yuan, up 15.6%, while imports surged 65.5% to 1.92 trillion yuan. The data highlights robust trade activity in the Chinese tech hub.
Shenzhen's Import and Export Volume Reaches 3.99 Trillion Yuan in First Eight Months, Up 35.2%
According to customs statistics reported by People's Finance News on September 20, Shenzhen's cumulative import and export value reached 3.99 trillion yuan in the first eight months of this year, marking a year-on-year increase of 35.2%. The data shows that exports totaled 2.07 trillion yuan, up 15.6% year-on-year, while imports surged to 1.92 trillion yuan, a dramatic increase of 65.5% compared to the same period last year. The figures highlight robust trade activity in the Chinese tech hub, with import growth significantly outpacing export growth during this period.
Read source