Tianjin foreign trade value up 10.8pc in first half

The foreign trade value of Tianjin reached US$33.072 billion in the first half of this year, an increase of 10.8 per cent, reports Logistics Week.

Export value rose by 17.4 per cent to $17.792 billion, while import value rose 3.9 per cent to US$15.280 billion, thus achieving a trade surplus of US$2.512 billion.

Exports by foreign, Hong Kong, Macau and Taiwan companies increased by 6.3 per cent, down from 23.3 per cent in the first half of last year. While exports by state-owned companies surged 59.3 per cent and those by private companies soared 96.1 per cent.

The growth of foreign trade in Tianjin is boosted by the further development of Tianjin Binhai New Area, which has seen completion and operation of a batch of key industrial projects and smooth undergoing of transportation infrastructure projects including Tianjin-Binhai New Area light rail west extension section, Beigangchi Container Terminal third phase, 300,000 tonne oil terminal, and expansion of Tianjin Binhai Airport.