Beijing'S First Negative Growth In Foreign Trade In Six Years

The reporter learned from the Beijing customs that in November this year, Beijing achieved a total import and export value of US $18 billion 10 million, down 5.4% from the same period last year, and the growth rate dropped by 51 percentage points over October, the first negative growth since August 2002.

Among them, exports amounted to 4 billion 880 million US dollars, an increase of 3.7%, and imports of US $13 billion 130 million decreased by 8.4%.

The deficit narrowed to $8 billion 250 million in the month, narrowing 4 billion 600 million US dollars.

The impact of the international financial crisis on the processing trade in Beijing has gradually emerged.

In November, the import and export trade of processing trade in Beijing area was 2 billion 770 million US dollars, down 6.5% and 9.1% respectively, and the growth rate dropped by 18.5 and 19.3 percentage points respectively. The scale of import and export of processing trade has shrunk.

In November, the general trade import and export value of Beijing was 13 billion 340 million US dollars, down 9.5% compared to the same period last year.

Among them, the total value of exports was 2 billion 240 million US dollars, a decrease of 3.6%, and imports of US $11 billion 100 million, down 10.7%, all for the first time in the past 20 months.

The impact of the financial crisis on foreign investment enterprises is also obvious.

In November, foreign investment enterprises imported and exported 4 billion 230 million US dollars, down 18.7% compared to the same period last year, the first negative growth in 6 years.

The total value of imports and exports of state-owned enterprises in Beijing has also seen its first negative growth in nearly 20 months.

In November, the total value of imports and exports of state-owned enterprises in Beijing was 12 billion 600 million US dollars, down 2.4% from the same period last year.

Among them, the total export value was 2 billion 630 million US dollars, an increase of 25.2%, and the import value of US $9 billion 980 million decreased by 7.7%.

Export growth of major commodities has declined.

In November, 11 million 740 thousand mobile phones in the Beijing area decreased by 29.7% compared with the same period last year. The export volume of steel products in bulk products decreased by 3 million 108 thousand tons, down by 3.1%; the export of refined oil exports decreased by 3 million 383 thousand; the export of 21 million 870 thousand tons of coal exports decreased by 16.4%; the export of clothing and clothing accessories 1 billion 770 million U. S. dollars, an increase of 1.5%; and the export of coke was 2 million 708 thousand tons, decreasing by 1.5%.

In November, the double slide of import and export values in Beijing indicated that the impact of the spread of the financial crisis is gradually emerging.

As the international market demand continues to cool down, it is expected that the pace of foreign trade development in Beijing will slow down in the short term.

Yang Jing: editor in charge