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Chongqing News

South Korea becomes the second largest trade partner of Chongqing

2020-07-31 10:02:11

CHONGQING (CQNEWS) -- On July 29, 2020 Chongqing-South Korea Online Investment Promotion Conference was held in Chongqing. A reporter from Chongqing Daily learned that South Korea had become Chongqing’s second largest trade partner. In the first half of 2020, Chongqing’s total value of imports and exports from and to South Korea amounted to 24.29 billion yuan, up 1.4%. 

Chongqing mainly imports and exports electronic information products, such as memory, textile and garment, chemical product and other products from and to South Korea. South Korea is also Chongqing’s important source of foreign investment. According to statistics, in 2019, 19 South Korean foreign-invested enterprises were set up in Chongqing, attracting foreign investment contract value of 60.03 million dollars, and actually using foreign investment of 388.93 million dollars. 

In the first half of 2020, in spite of the epidemic, 6 South Korean foreign-invested enterprises were set up in Chongqing, attracting foreign investment contract value of 14.47 million dollars, and actually using foreign investment of 37.42 million dollars. By June 2020, 272 South Korean foreign-invested enterprises were set up in Chongqing, attracting foreign investment contract value of 1,117.75 million dollars, and actually using foreign investment of 4,154.59 million dollars, concerning manufacturing industry, wholesale and retail trade, hotel and catering sectors, rental and commercial service and other industries. (Translated by Xu Mengxue, Fathom Language Limited) 

Editor:Jiang Yiwei