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Chongqing's export surged 250% in H1

Jul. 18, 2012 (China Knowledge) - Southwest China's Chongqing Municipality saw its export skyrocket 250% YoY in the first half of this year, with export value hitting US$18.15 billion, according to the latest statistics released by the Chongqing Customs.

In the first six months, the city's imports surged 77.4% from a year earlier to US$6.89 billion, taking its foreign trade to a total of US$25.04 billion during the period, reflecting a growth of 170% year on year.

The local customs said that the sharp increases in the city's exports and imports were a result of booming processing trade, which exceeded US$7.8 billion in the period, including US$7.01 billion in export value and accounted for 38.6% of the city's total.

Laptops were the top exported products. The city exported 17.61 million laptops in the first half of this year with export value of US$6.04 billion, 4.5 times more than it realized in the same period of 2011.

Chongqing's private enterprise generated US$11.88 billion in foreign trade, up 240% YoY and accounting for 47.5% of the city's total, of which, the export value rose 260% YoY to US$10.24 billion.

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