Shenzhen Exports had Highest Monthly Total for April
Shenzhen exports had a 10 percent increase compared to April of last year, exceeding US$ 23 billion which the highest monthly total for 2014. Although city imports in April was at US$ 15 billion or 3.6 percent lesser compared to March imports which showed a monthly high of US$ 16 billion.
In April the city’s import and exports is worth more than US$ 38.2 billion, a small increase of 4.2 percent compared to the same month last year. The city’s growth rate is 1.5 percent faster that the national growth and 3.4 percent faster than Guangdong’s. City imports and exports in the processing trades are seeing an accelerated recovery when it exceed US$ 75.68 billion in the first four months showing a 4.1 increase compared to the same period in 2014.
The city’s import and export in general trade did not enjoy the recovery as it increase by 0.5 percent in the first four months, and the general trade imports have been slowly decreasing by 1.6 percent year on year or around US$ 16.3 billion.
Foreign trade in Shenzhen also saw a 15.7 percent increase compared to the same period in 2011. Foreign trade surpassed US$ 39.76 billion with Hong Kong playing a leading role. Foreign trade with other major partners such as the European Union, the United States and ASEAN countries saw a slow growth in the first four months of 2012.
A sluggish consumer market have also led to the decrease in trade of Shenzhen’s major export merchandise.