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Shenzhen's foreign trade up 23.8% in Oct

Nov. 19, 2012 (China Knowledge) - Shenzhen saw its foreign trade value increase 23.8% from a year earlier to US$39.61 billion in October this year, according the latest statistics released by the Shenzhen Customs.

In the first ten month of this year, the city's foreign trade value increased 10.4% from a year earlier to US$372.19 billion.

From January to October, the city's trade with its largest trading partner Hong Kong grew 26% YoY to US$114.12 billion. Its trade with the U.S., E.U. and Japan hit US$30.44 billion, US$27.3 billion and US$20.53 billion for the ten-month period, down 2.7%, 6.8% and 2.6% YoY, respectively.

Meanwhile, the city's foreign trade with Africa surged 71.2% from a year earlier to US$21.29 billion during the ten months period.

In the first ten months of this year, Shenzhen's export value of mechanical and electronic products hit US$154.74 billion, accounted for 71.6% of the city's total export value.

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