Beijing's foreign trade sees steady improvement. According to Customs statistics, Beijing's total import and export volume reached CNY 2.1 trillion in the first seven months of this year, hitting a historical high for the same period. This achievement represents a year-on-year growth of 2.4 percent, contributing 8.5 percent to the total import and export value of the country.

Beijing's trade volume with Belt and Road countries exceeds 50 percent of its total. In the first seven months, the Beijing area's imports and exports with these countries amounted to CNY 1.11 trillion, a 3.9 percent year-on-year increase, accounting for 52.6 percent of the region's total trade. During the same period, among Beijing's major trading partners, the United States and Brazil saw imports and exports of CNY 163.21 billion and CNY 119.68 billion, respectively, representing year-on-year growths of 6.7 percent and 15.1 percent.

In terms of imports, in the first seven months, among Beijing's major imported items included crude oil, agricultural products, and automobiles, with imports valued at CNY 741.58 billion, CNY 130.47 billion, and CNY 78.76 billion , respectively, showing year-on-year growths of 4.7 percent, 17.4 percent, and 4.9 percent. On the export side, Beijing's export products are increasingly technology-driven. In the first seven months, the city's high-tech exports totaled CNY 101.9 billion, an increase of 28.4 percent year-on-year and a historical high for the same period. It accounted for 29.2 percent of the total export value from Beijing, a 5.7 percentage point rise compared to the same period last year.

In the first seven months, the China (Beijing) Pilot Free Trade Zone recorded imports and exports valued at CNY 258.9 billion, a year-on-year increase of 1.2 percent, accounting for 12.3 percent of the region's total trade. During the same period, the Tianzhu Comprehensive Bonded Zone saw total imports and exports reached CNY 76.42 billion, up 4.2 percent year-on-year. Additionally, the Beijing Daxing International Airport Comprehensive Bonded Zone (Beijing region) saw its trade volume surge by 45.7 percent year-on-year to CNY 0.59 billion.

In the context of coordinated development in the Beijing-Tianjin-Hebei region, Beijing is accelerating the integration and openness of its industrial chains. In the first seven months, the import and export volume of the Beijing-Tianjin-Hebei region reached CNY 2.94 trillion, hitting a historical high for the same period. This figure marks a 3.6 percent year-on-year growth and accounts for 11.8 percent of the country's total import and export value for the same period.

(Source: Beijing Daily)