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Home >> Business
UPDATED: 18:05, July 13, 2005
N. China city reports 25-pct rise in foreign trade in first half year
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North China's Tianjin Municipality reported 38.17 billion US dollars worth of imports and exports in the first half of this year, up 25.6 percent year-on-year, the municipal customs source said.

The city's exports and imports reached 21.51 billion US dollars and 16.66 billion US dollars in the first half of the year, up 27 percent and 23 percent, respectively.

Tianjin is the largest foreign trade port in northern China, with imports and exports accounting for approximately 17 percent of the country's total in the first half of this year, which hit 645 billion US dollars.

Ordinary trade contributed nearly 60 percent of the city's foreign trade total, which topped 22.46 billion US dollars in the first half of this year, posing an increase of 23.6 percent. While the processing trade made up nearly 30 percent of the city's total by increasing 27.8 percent to 11.32 billion US dollars.

The foreign-funded enterprises in Tianjin reported 17.85 billion US dollars worth of imports and exports in the same period, up 26.3 percent, nearly half of the city's total.

And state-owned enterprises did foreign trade of 14.25 billion US dollars, up 15.8 percent, or 37.3 percent of the city's total.

The machinery and electronic products were the city's major exports, while imports focused on iron ore and rolled steel.

The European Union, the United States, Japan and the Republic of Korea remained the city's major trade partners, whose trade volume with Tianjin totaled 23.91 billion US dollars in the first half of this year, or 64.3 percent of the city's total.

Source: Xinhua


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