Xinhua News Agency, Shenzhen, July 2 (Reporter Wang Feng) The reporter learned from Shenzhen Customs on the 2nd that the import and export trade volume of Shenzhen and Hong Kong has risen sharply from 70.17 billion yuan (RMB, the same below) in 1997 to 722.53 billion yuan in 2021. , has reached about 10.3 times that of 1997, with an average annual growth rate of 10.2% during the period.

In the first five months of this year, the trade volume between Shenzhen and Hong Kong has exceeded 200 billion yuan.

  Over the past 25 years, the Shenzhen-Hong Kong trade structure has been continuously optimized.

With the improvement of Shenzhen's manufacturing level, business autonomy and residents' consumption level, the "front shop, back factory" processing trade model established by Hong Kong businessmen has gradually shrunk since 1997.

At the same time, the import and export of general trade with a more complete industrial chain and higher added value has grown rapidly, from 14.78 billion yuan in 1997 to 135.24 billion yuan in 2021.

  Private enterprises have become an important driving force.

From 1997 to 2021, the import and export of private enterprises in Shenzhen has become an important driving force for Shenzhen-Hong Kong trade with an average annual growth rate of 34.5%, and its proportion in Shenzhen-Hong Kong trade has increased from 0.4% in 1997 to 44.6% in 2021 .

  Shenzhen is an important base for the processing and production of traditional industries by Hong Kong businessmen. However, since 1997, the growth rate of Shenzhen’s exports of labor-intensive products to Hong Kong has been significantly lower than the average level of overall exports to Hong Kong in the same period. The export value of labor-intensive products from 1997 to 2021 It will only increase by 0.5%, and the proportion of exports to Hong Kong will drop from 30.7% in 1997 to 2.6% in 2021.

  At the same time, Shenzhen's foreign trade has realized the transformation from traditional industrial products such as clothing and toys to high-tech and mechanical and electrical products.

In 2021, Shenzhen will export 528.61 billion yuan of high-tech products to Hong Kong, with an average annual growth rate of 19.8% since 1997, accounting for 74.7% of Shenzhen's exports to Hong Kong from 11.6% in 1997.