Chongqing's imports-export volumes hit a record high

In 2021, the total value of Chongqing's imports and exports reached Rmb 800.6 billion, an increase of 22.8% compared to 2020, continuing the double-digit growth trend since 2018.

Exports reached Rmb 516.83 billion yuan, up 23.4%, whilst imports reached Rmb 283.23 billion, up 21.7%. Among the 12 provinces and cities in the western region, Chongqing ranked 2nd in terms of import and export value, accounting for 22.5% of the total value of foreign trade in the western region during the same period. Meanwhile, its contribution to the growth of foreign trade in the western region during the same period was 24.8%, the most in the region.

First, second, third and fourth quarters rose consecutively Rmb 180.43 billion, 196.1 billion, 200.41 billion, 223.12 billion. 

Foreign trade enterprises have become more active, and private enterprises made a key contribution. In 2021, there were 3,756 enterprises active in import and export. Private enterprises imported and exported Rmb 349.4 billion, up 40%, accounting for 5.4of the total value of Chongqing's foreign trade to 43.7%. Foreign-invested enterprises imported and exported Rmb 382.51 billion, an increase of 9.4%. State-owned enterprises imported and exported 67.55 billion yuan, an increase of 32.1%.

Trade diversification has been effective, and trade ties with countries along the Belt and Road have deepened. 2021 Chongqing has trade with a total of 215 countries and regions. Among them, the top three trading partners ASEAN, the European Union, the United States respectively import and export Rmb 129.23 billion, 123.98 billion, 119.94 billion, respectively, an increase of 15.2%, 19.5%, 11.4%, together accounting for 46.6% of the total value of Chongqing's foreign trade during the same period. During the same period, the import and export to countries and regions along the Belt and Road was Rmb 220.7 billion, an increase of 26%. Among them, the import and export to India, Russia and Poland increased by 51.3%, 66.3% and 36% respectively.

The export value of notebook computers and fuel motorbikes were the highest in the country. In 2021, the export value of notebook computers in Chongqing was Rmb 200.9 billion yuan, ranking first in the country for three consecutive years. Integrated circuits and tablet computers exported Rmb 36.5 billion and 22.79 billion respectively, an increase of 54.4% and 52.6%. During the same period, the export value of fuel motorbikes was Rmb 14.67 billion, an increase of 37.5%, ranking first in the country. In addition, the export value of automobiles was Rmb 12.32 billion yuan, an increase of 1.1 times, and the export value ranked fifth in the country.

Imports of production and living materials such as integrated circuits, storage components, food and oil grew. 2021 imports of production materials such as integrated circuits, storage components, semiconductor manufacturing equipment, parts and accessories for automatic data processing equipment and paper pulp in Chongqing grew by 13.3%, 4.6%, 2.7 times, 47% and 2.2 times respectively, with the combined import value accounting for 58.7% of Chongqing's total import value during the same period. During the same period, meat, grain and edible oil imported 91,000 tons, 416,000 tons and 216,000 tons respectively, up 22.5%, 39.6% and 16 times respectively, with a combined import value of Rmb 5.43 billion.

Source: Chongqing Daily