Chongqing Customs reported that in the first seven months of this year, the total import and export value of Chongqing’s foreign trade reached 434.46 billion yuan (RMB), an increase of 9.1% year-on-year, which is 5.6 percentage points higher than the national average growth rate.
In terms of trade volume, Chongqing’s foreign trade showed steady progress. From January to July, exports amounted to 299.72 billion yuan, up 7.8%, while imports reached 134.74 billion yuan, a 12.1% increase. In July alone, Chongqing’s foreign trade totaled 69.38 billion yuan, growing by 17.3%.
Chongqing’s trade partnerships are diversifying. During the first seven months, ASEAN was Chongqing’s largest trading partner, with trade volume reaching 75.88 billion yuan, a 20.2% increase, accounting for 17.5% of the total import and export value. Over the same period, trade with Belt and Road Initiative partner countries totaled 194.85 billion yuan, up 6.2%. Trade with the EU and the UK grew by 1.4% and 19.8%, respectively. Meanwhile, trade with emerging markets such as Latin America, the Middle East, Africa, and Central Asia surged by 16.6%, 46.1%, 28.8%, and 90%, respectively.
Key industries in Chongqing are driving new momentum in exports. In the first seven months, laptop exports reached 86.85 billion yuan, maintaining the top position nationwide. Mobile phone and motorcycle exports stood at 31.67 billion yuan and 15.59 billion yuan, up 32.8% and 43.2%, ranking fifth and second in the country, respectively. In July alone, automobile exports grew by 42.6%, with electric vehicle exports increasing by 49%.
Private enterprises remain the backbone of Chongqing’s stable foreign trade. From January to July, 4,526 companies in Chongqing engaged in import and export activities, setting a record high for the same period. Among them, private enterprises accounted for 210.05 billion yuan in trade, a 21.3% increase.
