Shenzhen Customs Foreign Trade Clothing Exports Slowdown Growth Is Below Average

Learned from the Shenzhen customs, the total value of foreign trade and import and export in Shenzhen last month was 29 billion 90 million US dollars, up by 25.8% compared to the same period last year, although the year-on-year growth rate has slowed down for second consecutive months. foreign trade Both import and export value and export value have reached a new high in the year, showing strong recovery.

Foreign trade growth slowed two months

According to statistics, the total value of foreign trade and imports and exports of Shenzhen in July was 29 billion 90 million US dollars, an increase of 25.8%, and the growth rate slowed down 5.9 percentage points compared with June. This is another slowdown since June's growth slowed by 8.8 percentage points compared with May. Among them, the export value reached 17 billion 660 million US dollars, an increase of 26.2%, the growth rate slowed down 6.2 percentage points, the import value was 11 billion 430 million US dollars, an increase of 25.3%, a slowdown of 5.3 percentage points.

In the first 7 months of this year, the total foreign trade import and export value of Shenzhen totaled US $174 billion 300 million, an increase of 27.2% over the same period last year. Of these, the total export value was US $101 billion 500 million, an increase of 22.5%, and imports of US $72 billion 800 million, an increase of 34.4%.

Customs data showed that the import and export value of processing trade increased strongly in the first 7 months, and increased by 24% to 90 billion 360 million US dollars, accounting for 51.8% of the total import and export value of the same period.

Slowdown in labour intensive products

According to the category of foreign trade goods, the export of mechanical and electrical products in the first 7 months was 77 billion 770 million US dollars, up 24.3% from the same period last year, accounting for 76.6% of the total export value of the same period.

And the main traditional labor-intensive products (including clothing And accessories, furniture and parts. shoes Class, Spin The total exports of yarn, fabrics and products, plastic products, toys, bags and similar containers totaled only $16.7%, with a growth rate of 16.7%.