Electrical Equipment / Components & Telecoms

According to Shenzhen Customs, in the first five months of this year, Shenzhen's total imports and exports amounted to 1.36 trillion yuan, an increase of 3.4% year-on-year (the same below). According to customs data, exports reached 850.42 billion yuan, an increase of 14.6%; Import reached 505.6 billion yuan, a decrease of 11.2%. Import and export in May reached 279.75 billion yuan, an increase of 1.6%; Among them, exports reached 177.85 billion yuan, an increase of 9.4%; Import reached 101.9 billion yuan, a decrease of 9.6%.

The role of private enterprise stabilizers has become more prominent

According to customs data, in the first five months, the import and export of general trade amounted to 707.36 billion yuan, an increase of 4.3%, accounting for 52.2% of the total import and export value of Shenzhen during the same period; The import and export of bonded logistics reached 330.19 billion yuan, an increase of 13.3%, accounting for 24.4%; The import and export of processing trade reached 308.89 billion yuan, a decrease of 6.8%, accounting for 22.8%.

Except for Taiwan, South Korea, and Japan, all other major trading partners have maintained growth. In the first five months, Shenzhen's total imports and exports to the top ten trading partners accounted for 78.3%. According to customs data, imports and exports to Hong Kong, ASEAN, and the European Union amounted to 225.81 billion yuan, 202.98 billion yuan, and 155.39 billion yuan, respectively, with an increase of 5.6%, 3.7%, and 14.4%; Double digit growth for India, Australia, and the UK.

It is worth noting that the role of private enterprises as stabilizers has become more prominent. According to customs data, in the first five months, the import and export of private enterprises in Shenzhen reached 862.57 billion yuan, an increase of 8.9%, accounting for 63.6%, an increase of 3.2 percentage points compared to the same period last year. During the same period, the import and export of foreign-invested enterprises and state-owned enterprises reached 408 billion yuan and 84.1 billion yuan, respectively, a decrease of 2.8% and 14%.

The "new three sample" products increased by 74.8%. In the first five months, Shenzhen exported 646.38 billion yuan of mechanical and electrical products, an increase of 10.2%, accounting for 76% of Shenzhen's total export value during the same period.

According to customs data, exports of traditional products such as computers and their components, integrated circuits, household appliances, audio and video equipment and their components increased by 1.7%, 32.2%, 15.5%, and 7.6%, respectively, driving exports by 2.6 percentage points; The total export of "new three sample" products such as lithium-ion batteries, electric passenger cars, and solar cells was 34.94 billion yuan, an increase of 74.8%, driving 2 percentage points.

During the same period, Shenzhen's export of labor-intensive products reached 88.93 billion yuan, an increase of 31.7%, accounting for 10.5%, driving 2.9 percentage points. In the first five months, Shenzhen imported 379.91 billion yuan of mechanical and electrical products, a decrease of 17.7%, accounting for 75.1% of the total import value of Shenzhen during the same period.