The city's exports increased by 6.9% year on year to 1.25 trillion yuan (US$174.73 billion) between January and August, Shenzhen TV reported yesterday, quoting data from Shenzhen Customs.
The total trade volume hit 2.19 trillion yuan, slightly up by 0.4% in the first eight months of the year as imports dropped to 940 billion yuan.
General trade volume reached 1.11 trillion yuan, taking up half of the total trade. Exports of high-added value products such as mechanical and electrical products kept strong momentum, with export value of 977.2 billion yuan, up 4.9% as data showed, accounting for nearly 80% of the exports between January and August.
With mobile payments gaining popularity overseas, sales for Shenzhen Urovo Technology Holdings Co. Ltd., a handheld mobile device and payment terminal company, increased by 26.57% in the first half of the year. POS devices used in logistics, retail, manufacturing, medical and public services saw increased presence in European, Southeast Asian, Middle Eastern, South American and African markets.
"With the backdrop of global industrial digitalization, our products are not just confined to logistics. Rather, they have been widely used in e-commerce, retail, public health, public service and finance," Liu Zhen, vice president of Urovo, said during an interview.
Shenzhen Comen Medical Equipment Co. Ltd., established 20 years ago, is a company engaged in R&D of health monitoring, electrocardiogram diagnosis and surgery equipment. Zhong Aimin, general manager of the company's international marketing center, said, "Every year, we spend about 15-20% of our income in R&D, so we can guarantee to put new and quality products in the market."
Zhou Junmin, director of the Industrial Economy Research Institute of China (Shenzhen) Development Institute, said that the city has a competitive industrial supply chain and its foreign trade adapts quickly to global market changes. These advantages can meet the demand of contactless trades, like cross-border e-commerce since the COVID-19 pandemic broke out.