According to the statistics of Shenzhen Customs recently, Shenzhen's foreign trade import and export reached 1.02 trillion yuan in Q1 2024, an increase of 28.8% year-on-year (the same below). Among them, the export was 642.44 billion yuan, an increase of 28.2%; Imports amounted to 377.85 billion yuan, an increase of 29.9%.
From the perspective of trade mode, Shenzhen's general trade import and export and bonded logistics increased significantly. Q1 imported and exported 582.07 billion yuan in general trade, an increase of 42.7%, accounting for 57%, and the proportion increased by 5.5%. In the same period, the import and export of bonded logistics reached 244.07 billion yuan, an increase of 29.9%, accounting for 23.9%.
From the perspective of the nature of enterprises, private enterprises in Shenzhen account for more than 70%, and are the main driving force for the growth of foreign trade. In Q1, the import and export of private enterprises in Shenzhen reached 720.96 billion yuan, an increase of 45.2%, accounting for 70.7% of the total import and export value of Shenzhen (the same below), an increase of 8 percentage points over the same period last year. Over the same period, the import and export of foreign-invested enterprises reached 252.63 billion yuan, an increase of 2%, accounting for 24.8%.
In terms of import and export products, Shenzhen exported 438.99 billion yuan of mechanical and electrical products in Q1, an increase of 14.4%, accounting for 68.3% of Shenzhen's total export value in the same period. Among them, the total export of mobile phones, computers, household appliances, etc. was 83.66 billion yuan, an increase of 17.8%. In terms of import, mechanical and electrical products accounted for more than 70% in the first quarter, and the import of computer parts doubled. In the first quarter, Shenzhen imported 278.24 billion yuan of mechanical and electrical products, an increase of 24.9%, accounting for 73.6% of Shenzhen's total import value in the same period.
On the whole, Shenzhen performed exceptionally strongly in the off-season of the first quarter, achieving a new breakthrough in the same period of nearly a decade. In addition, Shenzhen has played an important role in promoting the overall development of Guangdong's foreign trade, accounting for half of Guangdong's foreign trade and injecting new impetus into the high-quality development of Guangdong's foreign trade.