City's trade with ASEAN up 10%

Writer: Han Ximin  |  Editor: Stephanie Yang  |  From: Shenzhen Daily  |  Updated: 2021-11-29
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Shenzhen's trade with the ASEAN totaled 416.2 billion yuan (US$65 billion) between January and October this year, an increase of 10 percent year on year, statistics from Shenzhen Customs showed.

During this period, exports of electronic and mechanical products to ASEAN increased by 15.9 percent to 107.5 billion yuan, accounting for 77.4 percent of the total trade with ASEAN. Among them, trades of electronic components, mechanical tools and LEDs increased by 29.4 percent, 15.2 percent and 110 percent year on year, respectively.

ASEAN is Shenzhen’s second-largest trade partner and between January and October, the trade with Vietnam, Malaysia and Thailand increased by 16.9 percent, 9.4 percent and 3.3 percent, respectively. The trade volume with the three countries accounted for 70 percent of the total trade with ASEAN countries.

In the first 10 months, Shenzhen Customs issued 140,600 certificates of origin, up by 28.3 percent year on year, and helped local export enterprises save 1.82 billion yuan in tariffs.

In terms of customs facilitation, Shenzhen Customs introduced online application and printing of certificates of origin to improve efficiency.

For example, Fuzhong Customs intelligent verification and remote printing enabled enterprises to get certificates of origin online and print the certificates themselves, instead of going to customs. This has reduced costs and improved efficiency.

During this period, Fuzhong Customs issued 106,000 certificates of origin, up by 34.2 percent year on year. The certificates of origin involving 26.6 billion yuan are mainly related to communication equipment, machinery equipment, steel products, furniture and garments.

“Shenzhen Customs issued 6,856 certificates of origin to our company in the first 10 months of this year, 41.3 percent more than the figure recorded in the same period last year,” said a manager surnamed Zhang from Shenzhen Yongjieda Imports and Exports Co. Ltd.