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Tianjin's export value up 15.4% YoY in H1 2012

Jul. 23, 2012 (China Knowledge) - Tianjin, one of the four Chinese municipalities, saw its export value rise 15.4% YoY to US$23.52 billion in the first half of this year.

From January to June, the city's imports rose 23.6% YoY to US$32.46 billion, taking its foreign trade to a total of US$55.98 billion in the six-month period, 19.9% more than in the same period of last year.
The value of exports under general trade was US$9.11 billion, up 6.7%, and the value of exports under processing trade was US$12.63 billion, up 19% YoY and accounted for 53.7% of the city's total export value.
In the first half of this year, Tianjin's private enterprises generated US$4.03 billion in export value, surged 21.7% YoY. The growth rate was 8 and 4.9 percentage points higher than that of foreign invested enterprises and SOEs.

Tianjin's exports to ASEAN, Latin American and the U.S. increased 43%, 31.3% and 15.5% YoY in the first half of 2012, respectively. Meanwhile its export to the E.U., Japan and South Korea rose 0.4%, 7.1% and 2.5% YoY, respectively.

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