Shenzhen’s foreign trade reached 2.17 trillion yuan ($299 billion) in the first half of 2025, topping Chinese mainland cities, with Hong Kong as its second-largest trading partner, according to Shenzhen Customs.

The 10-member Association of Southeast Asian Nations remained Shenzhen’s top trading partner on 358.3 billion yuan, while Taiwan came in third with a sharp 33-percent increase to 252.1 billion yuan. Trade with South Korea, Japan and Mexico also posted gains.

General trade accounted for over half of Shenzhen’s total trade at 1.19 trillion yuan. Bonded logistics rose 15.1 percent to 585.4 billion yuan, while processing trade remained flat.

Private firms drove nearly 70 percent of total trade, and foreign-invested enterprises saw a nine-percent rise.

Exports rose to 1.31 trillion yuan, led by mechanical and electrical products. Computer parts exports surged 14.6 percent to 153.4 billion yuan, while integrated circuits jumped 34.7 percent, and battery exports soared nearly 40 percent.

Imports climbed 9.5 percent year-on-year to a record 858.9 billion yuan, dominated by mechanical and electrical products that accounted for more than 80 percent of the total. Integrated circuit and computer parts imports gained 17.9 percent and 75.1 percent, respectively.

READ MORE: Shenzhen sees growing consumer demand from HK residents

Agricultural imports grew 3.3 percent to 50.5 billion yuan, taking up 5.9 percent of the total.

Chen Yang contributed to the story