The first half of the Shenzhen port on EU trade surplus expanded more than 40%

Yesterday from Shenzhen Customs was informed that this year the Shenzhen port on EU exports and imports growth, exports and imports of $ 223 million, an increase of 34.9%, representing the Shenzhen port 11.2% of the total value of imports and exports. The entire first half under implemented 141.4 million trade surplus expanded 42.1%.

According to statistics, January to June this year, with Shenzhen port export 182.2 billion, an increase of 37.6%; import 40.8 billion, also 23.9% growth. More than 60% of exports are machinery and electronic products, exports reached 114.8 billion, an increase of 32.8%. At the same time, the traditional labour-intensive goods exports are generally achieved rapid growth, including, clothing and clothing accessories export 21.7 billion, a growth of 64%; furniture and parts thereof 10.8 billion, an increase of 42.8%; footwear 4.6 billion, an increase of 21.1%.

In the import, the import of the integrated circuit for the greatest variety in the first half of the imports from the EU in Shenzhen port and electrical products 27.3 billion, an increase of 19.8 per cent compared to the same port from EU imports 66.9%. Of these, IC 5 billion, imports 36.8%; car import 3.9 billion, a growth rate of 44.8%. It is important to note that waste paper imports dropped by more than 1%, only $ 90 million tons, but the value has increased significantly 74.2% to $ 1.8 billion.

Shenzhen Customs trade experts believe: recent European debt crisis worse, even though the euro is not a Chinese export foreign exchange settlement of major currencies, but the relative appreciation of the Renminbi will weaken China's export price competitiveness of EU products. Therefore, although the data from the statistical point of view, and export to the EU is still maintain rapid growth, but with the devaluation of the euro, the second half of the country gradually reflect on the EU's exports, particularly the recent rapid growth of traditional exports of labour-intensive exports will be affected.