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Beijing's foreign trade up 12.4% in H1

Jul. 16, 2012 (China Knowledge) - Beijing, the capital city of China, saw its foreign trade value increase 12.4% from a year earlier to US$208.8 billion in the first half of this year, according to the latest statistic released by the Beijing Statistics Bureau.

The figure ranked 4th among the country's cities and accounted for 11.3% of China's total.

The city's export value rose 3.8% YoY to US$28 billion in the six month period, and its imports grew 13.8% YoY to US$180.8 billion. Trade deficit exceeded US$152.8 billion, up 15.9% from a year earlier.

From January to June 2012, private enterprises generated US$22.9 billion in foreign trade value, reflecting a Y-o-Y increase of 11.5%, of which, US$2.94 billion was generated from June 2012.

In the first half of 2012, Beijing saw its foreign trade with Africa grow 14.3% YoY to US$32.53 billion and accounted for 15.6% of the city's total.







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