Haidai financial review ｜ ranked first in the domestic "top class" for three consecutive months. Why is Shandong's foreign trade OK?

on August 10, Qingdao Customs and Jinan Customs jointly announced that in the first seven months of 2021, Shandong's total import and export value reached 1.59 trillion yuan, an increase of 40.1% over the same period last year and 37.8% over the same period in 2019. Among them, export was 906.99 billion yuan, an increase of 43%, an increase of 45.8% over the same period in 2019; import was 681.19 billion yuan, an increase of 36.5%, an increase of 28.3% over the same period in 2019.

in addition to the high-speed growth data, there is another indicator worthy of attention: in the first seven months of this year, Shandong's import and export, export and import growth beat the country, and the above three growth rates ranked first among the top six major import and export provinces and cities. Since May this year, Shandong's foreign trade import and export growth has ranked first among the top six provinces and cities for three consecutive months.

why take this indicator out and say it separately? Let's take a look at the six provinces and cities. Besides Shandong, there are Guangdong, Jiangsu, Zhejiang, Shanghai and Beijing. These five provinces and cities belong to the top camp in China in terms of economic aggregate, foreign trade aggregate and other economic indicators. In such a" top class " Only by ranking first in the middle row can we see the foundation and strength of Shandong's foreign trade

from the analysis of specific data, Shandong's foreign trade has made concerted efforts at both ends of supply and demand and accelerated the construction of a new development pattern of domestic and international "double cycle" is an important reason for such achievements

from the demand side, Shandong's industrial production has recovered steadily this year. In the first half of the year, the added value of industries above Designated Size in the province increased by 16.1% year-on-year. The PMI of manufacturing industry continued to be in the expansion range, with strong production demand, driving the significant growth of the import of means of production. The import value of industrial raw materials such as crude oil, metal ore, soybean, rubber and copper increased by 17.5%, 58.3%, 15.3%, 25.5% and 99.4% respectively, driving the import growth by 17.1 percentage points. At the same time, industrial upgrading has driven a significant increase in import demand for important equipment and parts. In the first seven months, the import of mechanical and electrical products in the province increased by 37.7%, driving the import growth by 7.1 percentage points

from the supply side, the transformation of old and new kinetic energy in Shandong has achieved initial results, the industrial structure is becoming more and more reasonable, the product competitiveness is increasing, and the growth of advantageous export industry is obvious. In the first seven months, the province's export of mechanical and electrical products increased by 52.7%, driving the province's export growth by 21.5 percentage points. Among them, the export of game consoles and their accessories, household appliances and integrated circuits increased by 244.4%, 46.9% and 188.1% respectively year-on-year. In the same period, the export volume and price of labor-intensive products rose simultaneously, driving the export value to increase by 33.8%, and driving the export growth of the whole province by 7.2 percentage points. Among them, the export prices of textile and clothing, plastic products and furniture increased by 13.6%, 24.6% and 161.2% respectively, indicating the increase in the added value of manufactured products in Shandong

<walk in the forefront and create a new height in an all-round way". shandong strives to build a new highland of opening to the outside world. on the morning of august 9, the leading group for shandong's opening-up work held its first meeting. the secretary and governor personally took the lead to promote the creation of eight new highlands, including institutional innovation, world-class business environment, integrated development of high-end industries, scientific and technological innovation cooperation, talent gathering development, international and local economic and trade cooperation, regional collaborative opening-up and mutual learning of world civilization. shandong has a stronger"brain center"in the field of opening-up. we have more reason to believe that the prospect of shandong's open economy will be brighter and new achievements will be made in the journey of building a new highland of opening to the outside world

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