China's northern port city of Tianjin registered 42.45 billion US dollars worth of foreign trade in the first 10 months of this year, a year on year rise of 25.6 percent, reports Tianjin Customs.

The customs office says export trade amounted to 21.85 billion US dollars in the 10-month period, up 32.1 percent year on year, while imports worth 20.6 billion US dollars came into the port during the same period, up 19.3 percent year on year.

Trade volume at the Tianjin port in October alone totaled 4.49 billion US dollars, a rise of 27.46 percent over October last year.

Local foreign-financed firms did business worth 33.73 billion US dollars in the first 10 months, up 23.1 percent year on year, and accounted for 79.5 percent of the city's total foreign trade for the same period. State-owned firms reported a trade volume of 5.48 billion US dollars, up 21 percent.

The city exported 14.91 billion US dollars worth of machinery and electronics in the first 10 months, a rise of 29 percent year on year and accounted for 68 percent of the city's total export for the same period.

The city imported 14.26 billion US dollars worth of electronics and machinery, up 15.4 percent over last year's same period and accounted for 69.2 percent of the city's total imports for the same period.

The city also saw an increase in the trade of other commodities including textiles, shoes, rolled steel and plastic products.

The United States, the Republic of Korea, Japan and the European Union remained Tianjin's major trade partners. The trade volume between Tianjin and its major partners reached 27.88 billion US dollars in the January-October period, accounting for 65.5 percent of the city's total trade for the same period.

Source: Xinhua