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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 7 (Xinhua) — Shenzhen, south China's Guangdong Province, stepped up efforts to ensure stable development of foreign trade, surpassing Shanghai to rank first among Chinese cities in foreign trade turnover from January to June 2025, the China Economic Times reported, citing statistics from the Shenzhen Municipal Government.
On Wednesday, the aforementioned newspaper published an article titled “What are the reasons for Shenzhen to become the top city in China in terms of foreign trade volume?” The reasons listed include promoting import growth, optimizing export structure, exploring new markets, and fully developing transnational e-commerce.
In the first six months of this year, Shenzhen's foreign trade turnover was 2.17 trillion yuan (about 304 billion US dollars), down 1.1 percent compared with the same period last year. The rate of decline was 1.7 percentage points slower than in the first quarter of this year. Shenzhen accounted for about 10 percent of the country's total foreign trade during the reporting period.
This has seen Shenzhen overtake Shanghai, whose foreign trade turnover was 2.15 trillion yuan in the first half of 2025, and take first place among Chinese cities in this indicator.
He recalled that in 2024, Shenzhen was the leader among Chinese cities in terms of foreign trade volume, which amounted to 4.5 trillion yuan. And in the first quarter of this year, it lost first place to Shanghai.
Statistics show that in the first half of 2025, Shenzhen's import volume reached a new historical high of 858.86 billion yuan, up 9.5 percent year on year.
In January-June, Shenzhen's high-tech exports grew by 8 percent year-on-year, becoming the main driver of the city's stable foreign trade sector. The share of mechanical engineering and electronics products in the city's total exports was 74.9 percent.
In addition to Shenzhen and Shanghai, the top ten Chinese cities in terms of foreign trade turnover in the first half of 2025 also included Beijing, Suzhou, Dongguan, Ningbo, Guangzhou, Jinhua, Xiamen and Qingdao. These ten cities accounted for half of China's total foreign trade in the first six months of this year. -0-
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