Beijing Customs process over US$61bln trade volume

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Last updated at: (Beijing Time) Tuesday, December 16, 2003

Beijing Customs process over US$61bln trade volume

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In the past 11 months, the import and export trade volume of Beijing Customs, based in capital of China, has topped 60 billion US dollars to 61.526 billion US dollars, 29.3 percent higher than the same period of last year.

Beijing based enterprises played a large part in this volume, the import and export turnover of which reached 10.285 billion and6.53 billion US dollars respectively, boasting an increase rate as high as 33.5 percent.

Foreign invested enterprises are still the main part of import and export trade through Beijing Customs, making up 57.7 of the total import volume, while the export turnover covers 69.7 percent in the export volume.

State owned enterprises also demonstrated a strong increasing momentum with import volume increases of 38.6 percent to 3.98 billion US dollars while export volume increased by 10.3 percent to 1.75 billion US dollars.

According to sources with Beijing Customs, general trade is the major import category, increasing by 50.9 percent to 7.08 billion US dollars, covering 68.9 percent of the total import volume.

Processing trade is the major export, reaching 3.81 billion US dollars, making up 58.3 percent of export volume.

The export volume of high and new technological goods in the past 11 months reached 2.98 billion US dollars. IT and telecom products still played the principal role making up 76.2. percent. But the increase rate of 20.5 percent for IT and telecom goods exports was slower than the whole industry, which measured 28.5 percent.

So far, with an export volume of 6.53 billion US dollars, Beijing Customs achieved its role of 6.4 billion US dollars one month early. But the increase rate in exports has been decreasing in the second part of this year, dropping to single digits for the first time this year at 3.7 percent, compared with the 33.8 percent increase rate in total export volume this month, said the head of Beijing Customs.

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