Foreign trade


In 2000, Dalian's foreign trade value totalled US$10.21 billion, an increase of 46.4 per cent over US$6.97 billion in 1999. Export accounted for a little more than 50 per cent of the total trade value at US$5.214 billion, up by 28.4 per cent over US$4.06 billion in 1999. Export plays an important role in the city's economy and is the driving force of local economic growth. Export value in 2000 was equivalent to 39 per cent of the municipal GDP of RMB111.08 billion (US$13.383 billion). Its share in the total export value of the whole country was 2.1 per cent in 2000. Export of primary products contributed 20 per cent of the city's export earnings (US$1.04 billion), while the export of manufactured products generated 80 per cent or US$4.17 billion.

The city exported to 147 countries and regions in 2000, the top five of which (see Table 7.32.2) contributed more than 80 per cent of the city's total export revenue. Japan ranked first among the top five export markets with a dominant share of 50 per cent in the city's total export value.

Table 7.32.2: Top five export markets, Dalian City, 1995 and 2000

Country/region

Export value (US$ million)

% of export total

1995

Japan

1,423.32

56.31

Hong Kong

265.08

10.52

Singapore

220.83

8.74

USA

160.33

6.34

Republic of Korea

111.23

4.40

Total

2,180.79

86.31

2000

Japan

2,584.44

50.0

USA

576.35

11.0

Republic of Korea

416.03

7.9

Singapore

317.52

6.1

Hong Kong

277.18

5.3

Total

4,171.52

80.3

Import value totalled US$4.995 billion, up by 71.4 per cent over US$2.913 billion 1999. The import value of primary and manufactured products amounted to US$1.4 billion and US$3.59 billion respectively, or 28.1 per cent and 71.9 per cent of the total import value.

Imports came from 92 countries and regions. Japan, again, topped the other 4 among the top five import markets (see Table 7.32.3) by capturing a share of over 40 per cent of the city's import value.

Table 7.32.3: Top five import markets, Dalian City, 1995 and 2000

Country/region

Import value (US$ million)

% of import total

1995

Japan

927.59

57.33

Republic of Korea

208.16

12.87

Hong Kong

154.81

9.57

Singapore

81.93

5.06

USA

65.41

4.04

Total

1,437.9

88.87

2000

Japan

2,105.93

40.3

Republic of Korea

631.52

12.1

Iraq

378.50

7.2

USA

273.64

5.3

Germany

131.81

2.5

Total

3,521.4

67.4




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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