On October 24, a spokesperson from Beijing Customs provided an update on the region’s trade performance during the first three quarters of this year. The total import and export volume for the Beijing area, including central government entities, reached 2.7 trillion yuan, marking a 0.8% increase compared to the same period last year. Specifically, imports totaled 2.24 trillion yuan, up by 0.5%, while exports were recorded at 455.36 billion yuan, reflecting a growth of 2.1%.
Notably, private enterprises in Beijing displayed remarkable growth in trade activities. During the first three quarters, these businesses achieved an import and export volume of 311.69 billion yuan, representing an impressive growth of 11.9%. This accounted for 11.6% of the region’s total trade value, which is an increase of 1.1 percentage points from the previous year. In contrast, foreign-invested enterprises had a volume of 425.64 billion yuan, making up 15.8% of the total, while state-owned enterprises contributed 19.5 trillion yuan, accounting for a substantial 72.5%.
The Beijing area also strengthened its regional trade cooperation. During the same period, trade with countries involved in the Belt and Road Initiative reached 1.44 trillion yuan, growing by 3%. Trade with other BRICS nations was reported at 591.85 billion yuan, up by 9.2%, and trade with the United States amounted to 204.54 billion yuan, marking a 6.8% increase.
In terms of product structure, the import landscape saw popular items such as crude oil, agricultural products, and automobiles, with respective import values of 955.18 billion yuan, 163.39 billion yuan, and 101.98 billion yuan. On the export side, key products included refined petroleum, mobile phones, integrated circuits, steel, and auto parts, which had export values of 134.27 billion yuan, 56.07 billion yuan, 18.11 billion yuan, 16.02 billion yuan, and 15.82 billion yuan, respectively. Notably, exports of mobile phones and integrated circuits experienced rapid growth, surging by 36.3% and 33.1% accordingly.
Furthermore, Beijing’s foreign trade platforms continued to demonstrate their advantages. The Beijing Tianzhu Comprehensive Bonded Zone and the Daxing Airport Comprehensive Bonded Zone showed robust growth, with import and export values of 97.42 billion yuan and 1.09 billion yuan, representing growth rates of 4.5% and a remarkable 53.6%.
Finally, the coordinated development within the Beijing-Tianjin-Hebei region accelerated during this period. The total import and export volume for the region reached 3.77 trillion yuan, setting a historical high for the same period. Exports reached 1.02 trillion yuan, up by 5.5%, while imports totaled 2.75 trillion yuan, indicating a 1.2% rise. Beijing’s trade volume constituted 71.5% of the total foreign trade value for the Beijing-Tianjin-Hebei region.
