| Imports and Exports of Hi-tech Products Increasing With a High Speed in the First 9 Months |
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| Wednesday,November 02,2005 Posted: 13:10 BJT(0510 GMT) Network Center of MOFCOM |
According to Customs' statistics, China's imports and exports of hi-tech products in the first 3 quarters in 2005 amounted to US$289.68 billion, up by 26.2% compared with the same period of last year and 2.5% higher than the national growth of foreign trade. Exports were US$150.04 billion, up by 32.8% and 1.5% higher than the national increase of exports, accounting for 27.5% of total exports of China.
In Sept., imports and exports of hi-tech products in China reached US$39.58 billion, of which imports were US$19.19 billion and exports US$20.39 billion. Either imports or exports, and even both of them of hi-tech products in single month hit new historical highs.
IC accounted for over 40% of total imports of hi-tech products in China, and imports of laptop and sell phone were similar to that of last year. In the first 3 quarters, top 3 categories among all hi-tech products in China based on imports were: electronic technology, computer and telecommunication technology, imports of them amounting to US$70.17 billion, 24.57 billion and 17.93 billion respectively, up by 27.8%, 21.5% and 11.9% respectively and accounting for 50.3%, 17.6% and 12.8% respectively.
In the first 3 quarters, top 3 major categories of exports were computers, telecommunication technology and electronic technology, and US$73.15 billion, US$48.11 billion and US$17.46 billion, up by 27.4%, 36.8% and 32.6% respectively.
Trade surplus of hi-tech products by foreign investment enterprises exceeded nearly US$20 billion, export growth of state-owned enterprises maintained rising. In Jan. through Sept., imports of hi-tech products by foreign investment enterprises reached US$110.99 billion, up by 24.3% and exports US$131.7 billion, up by 33.6%, therefore, trade surplus amounted to US$20.71 billion. Exports of hi-tech products by collective and private enterprises kept a high growth with a rate of 59.4% and 48.1% respectively. Exports by state-owned enterprises kept on recovery with a rate of 15.4%, 0.7% higher than that in the first 8 months.
Trade of Hi-tech Products in Yangtze River Delta turned a strong momentum of development. Imports and exports of 20 cities implemented the strategy of revitalizing trade through science and technology reached over US$200 billion. In the first 3 quarters, total imports and exports of hi-tech products in Jiangsu, Shanghai and Zhejiang in the Delta amounted to US$206.28 billion, accounting for 71.2% of total imports and exports of hi-tech products in China.
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Supply & Demand