The increase in storage chip prices has led to a surge in the value of laptops; KD spare parts exports have led to a 66.9% growth rate in automobile exports; The export growth rates to Latin America and Africa both exceeded 37% - three variables together supported Chongqing's foreign trade performance of 481.23 billion yuan in the first half of the year, with a growth rate of 31.9%, 15 percentage points higher than the national average.

The rebound of laptops relies on the price increase of chips

In the first half of the year, Chongqing's laptop exports reached 90.82 billion yuan, a year-on-year increase of 24.5%. The rebound in scale is not due to a significant increase in shipment volume, but rather a rise in the value of goods brought about by the rise in storage chip prices. In the first half of the year, the price of 16GB DDR5 memory increased by over 130% year-on-year, and the amount of imported storage chips in Chongqing reached 20.96 billion yuan, a year-on-year increase of 2.4 times. The value of each laptop has skyrocketed, driving up the overall export value.

Automobile exports reached 29.74 billion yuan, a year-on-year increase of 66.9%, making it the fastest-growing sector in Chongqing's foreign trade. Accompanying the export of the entire vehicle is KD spare parts, which break down the vehicle into parts for export and assemble them overseas. In the first half of the year, just one model, Changan Qiyuan Q05, exported over 6000 sets of KD parts through the western land sea new channel Jiangjin train, with a trade volume exceeding 200 million yuan. By 2025, Chongqing will export 80300 sets of KD automotive parts with a value of 6.04 billion yuan, doubling both indicators year-on-year.

Emerging market filling

In the first half of the year, there were 5616 import and export enterprises in Chongqing, an increase of nearly 1300 compared to the same period last year. The import and export of private enterprises reached 230.56 billion yuan, a year-on-year increase of 30.3%, and the scale reached a new historical high for the same period. Keywords: foreign trade, import and export

The market structure is also changing. Imports and exports to ASEAN amounted to 78.84 billion yuan, an increase of 23.5%; Import and export to countries jointly building the the Belt and Road reached 215.93 billion yuan, up 33.2%. Emerging markets such as Latin America, Africa, and Central Asia saw growth rates of 37.4%, 47.8%, and 49.3% respectively, all of which were higher than the overall level. The market layout is shifting from relying on a few key areas to multi-point support.Editor/Cheng Liting