According to the data from Tianjin customs, from January to August this year, the total value of imports and exports at Tianjin port reached to 1.31 trillion yuan (about $184 billion), with a year-on-year increase of 24.4%. The value of exports was 692.74 billion yuan, increasing 37.8%, while the value of imports was 616.51 billion yuan, with an increase of 12.1%.
In terms of export trade, mechanical and electrical products remain the primary category at the port. From January to August, the port exported 262.81 billion yuan in these products, a rise of 22.7%. The same trend can be seen among imported products. The import value of mechanical and electrical products was 241.45 billion yuan, an increase of 1.2%.
In the first eight months, Tianjin port witnessed a growth trend with all major trading partners. The European Union was the largest trading partner, with the value of its imports and exports reaching 217.95 billion yuan, an increase of 11.9%. Imports and exports to ASEAN reached 195.46 billion yuan, up by 49.5%, which was the largest growth among major trading partners. Furthermore, imports and exports to the US, Japan and Brazil have also increased.