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Last updated at: (Beijing Time) Thursday, July 31, 2003

Robust Growth Reported in Trade Between Tianjin, ASEAN

The trade turnover between Tianjin,a north China port city, and the Association of Southeast Asian Nations (ASEAN) members surged 32.3 percent to reach 1.64 billion US dollars in the first half of this year, according to the lateststatistics from Tianjin Customs.


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The trade turnover between Tianjin,a north China port city, and the Association of Southeast Asian Nations (ASEAN) members surged 32.3 percent to reach 1.64 billion US dollars in the first half of this year, according to the lateststatistics from Tianjin Customs.

The total trade turnover included 910 million US dollars in exports, up 28.6 percent year on year, and 730 million US dollars in imports, up 37.4 percent. Tianjin's foreign trade volume with ASEAN accounted for 7.8 percent of the city's total foreign trade turnover in the same six-month period.

Tianjin mainly imported electronic products and industrial raw materials from ASEAN and exported electromechanical products to the southeast Asian countries.

The city exported 460 million US dollars in electromechanical products to ASEAN in the first half of the year, accounting for about 50 percent of the city's total exports to the southeast Asiaregion for the same period.

Foreign-funded enterprises and state-owned enterprises constituted the major exporters in Tianjin, with the former reporting a trade volume with ASEAN totaling 810 million US dollars and the latter 720 million US dollars in the first six months of this year.


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