Shenzhen -Hong Kong Trade has increased by about 10 years in 25 years

Xinhua News Agency, Shenzhen, July 2 (Reporter Wang Feng) The reporter learned from the Shenzhen Customs on the 2nd that the import and export trade volume in Shenzhen and Hong Kong was sharply climbed to 722.53 billion yuan in 2021 from 70.17 billion yuan (RMB, the same below) in 1997 It has reached about 10.3 times in 1997, and an average annual increase of 10.2%. In the first five months of this year, the Shenzhen -Hong Kong trade volume has exceeded 200 billion yuan.

Over the past 25 years, Shenzhen -Hong Kong trade structure has been optimized. With the improvement of Shenzhen's manufacturing level, autonomy of corporate operations, and residential consumption level, since 1997, the processing trade model established by Hong Kong businessmen has gradually shrunk. At the same time, general trade imports and exports with a more complete industrial chain and higher added value increased rapidly, from 14.78 billion yuan in 1997 to 135.24 billion yuan in 2021.

Private enterprises have become important push forces. From 1997 to 2021, the import and export of private enterprises in Shenzhen became an important driving force for Shenzhen -Hong Kong trade at an average annual growth rate of 34.5%. Essence

Shenzhen is an important base for the processing and production of traditional industries in Hong Kong business. However, since 1997, the growth rate of Shenzhen's export labor -intensive products on Hong Kong has significantly lower than the overall export of Hong Kong exports at the same time. Only 0.5%increased, accounting for the export of ports from 30.7%in 1997 to 2.6%in 2021.

At the same time, Shenzhen Foreign Trade has realized the transformation of traditional industrial products such as clothing and toys, and its main transformation to high -tech and mechanical and electrical products. In 2021, Shenzhen exported high -tech products to Hong Kong 528.61 billion yuan, and the average annual growth rate of 19.8%since 1997, accounting for Shenzhen's export proportion to Hong Kong from 11.6%in 1997 to 74.7%.

- END -