Trade of China’s Shenzhen with RCEP members exceeds $147 bn in 2021

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The trade volume between the southern Chinese city of Shenzhen and member states of the Regional Comprehensive Economic Partnership (RCEP) hit a record of 935.5 billion yuan ($147.5 billion) in 2021—up by 13.6 per cent year on year (YoY), according to the city’s customs bureau. In 2021, Shenzhen’s general trade and processing trade with RCEP members continued to grow.

The city’s trade with member states of the Association of Southeast Asian Nations (ASEAN) rose by 12.2 per cent year on year to 532.8 billion yuan, accounting for the majority of the total, official Chinese media reported.

Mechanical and electrical products took a dominant position in the city’s trade, the customs department said.

The trade volume between the southern Chinese city of Shenzhen and member states of the Regional Comprehensive Economic Partnership (RCEP) hit a record of $147.5 billion) in 2021—up by 13.6 per cent year on year (YoY), according to the city’s customs bureau. In 2021, Shenzhen’s general trade and processing trade with RCEP members continued to grow.

The RCEP agreement was signed among 15 participating countries in November 2020.

Fibre2Fashion News Desk (DS)



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