2019 Shandong Top 100 Foreign Trade Enterprises List Released: Qingdao, Yantai, Weihai, and Rizhao account for half of the top 100 export enterprises

Dazhong.net and Poster News reporter Xin Zhendong reports from Jinan

　　On the morning of June 11, the Shandong Provincial Government Information Office held a press conference to introduce the situation of Shandong's top 100 foreign trade enterprises in 2019. Reporters learned that in 2019, the entry threshold for the top 100 import list in Shandong increased to 1.84 billion yuan, a 30.3% increase compared to 1.41 billion yuan in 2018; the entry threshold for the top 100 export list remained at 1.1 billion yuan, unchanged from 2018. In 2019, the top 100 list showed many new changes and vitality.

　　Twenty-six new companies entered the top 100 import list in Shandong, with industrial basic raw material import companies remaining the largest new force. Notably, with the continuous increase in China's issuance of crude oil import quotas for private refineries, the performance of crude oil import companies in Shandong on the list has become increasingly outstanding: In 2019, there were a total of 40 crude oil companies among the top 100 import companies, with a total crude oil import value of 287.63 billion yuan, an increase of 18.2%, accounting for 50.2% of the total import value of the top 100 companies; among them, Dongying United Petrochemical Co., Ltd., as a newly-listed import company in 2019, ranked 21st on the import list with an import value of 7.42 billion yuan, the highest ranking among newly listed companies. Another 17 crude oil import companies were listed, accounting for 69.2% of the newly listed companies.

　　A total of 18 new companies were added to the top 100 export list, 3 fewer than the previous year, indicating relatively stable company advantages; among them, Yantai Senze International Logistics Co., Ltd., a shipbuilding company, made a strong entry into the top 100 export list with an export value of 4.63 billion yuan, a remarkable increase of 5.2 times year-on-year, becoming the best new entrant and ranking 12th. Among the 82 companies that successfully maintained their positions on the top 100 export list, 38 improved their rankings, with Daewoo Shipbuilding & Marine Engineering (Shandong) Co., Ltd. experiencing the fastest rise, climbing from 95th to 38th place.

　　Zhang Yibing, deputy director of Jinan Customs, introduced that in 2019, the top 10 import companies in Shandong imported a total of 166.05 billion yuan, an increase of 5.4%, accounting for 29% of the import value of the top 100 import companies and 17.9% of the total imports in the province. Among them, nine companies were crude oil and copper ore importers, fully demonstrating the strong strength of Shandong's resource import companies. The remaining spot in the top 10 was occupied by Inspur Electronic Information Industry Co., Ltd., a leading high-tech company in the province, which ranked 5th in imports, rising 11 places compared to 2018, the largest increase among the top 10 companies, showcasing the vigorous power of Shandong's new growth momentum in foreign trade. In addition, with the rise of domestic panel and mobile phone manufacturing industries, foreign-funded electronics companies have lost their former glory in foreign trade imports, and there are no foreign-funded companies in the top 10 list.

　　Reporters learned that in terms of exports, the top 10 companies exported a total of 99.73 billion yuan, a decrease of 1.9%, accounting for 33.7% of the export value of the top 100 export companies and 9% of Shandong's total exports. Eight companies remained in the top 10 list, indicating a more stable pattern of advantageous industries.

　　Among them, the electronics and electrical appliances industry is the backbone of the top 10 exports, with five companies on the list. Goertek Inc. rose 18 places to 4th place, a remarkable performance, showing the trend of domestic electronics manufacturing companies gradually taking center stage. The automotive industry is another important industry in the top 10 export list, with SAIC-GM Dongyue Automobile Co., Ltd. and China National Heavy Duty Truck Group Co., Ltd. remaining on the top 10 list.

　　In addition, from the top 100 list, private enterprises achieved a total import value of 410.84 billion yuan, an increase of 15.8%, accounting for 71.7% of the total import value of the top 100 companies. While experiencing rapid growth in import scale, they also performed strongly in rankings, with 8 private enterprises among the top 10 importers and 64 private enterprises among the top 100 importers, making them the mainstay of import enterprises.

　　In terms of exports, private enterprises achieved a total export value of 127.51 billion yuan, an increase of 16.7%, the highest growth rate among all enterprise types, accounting for 43.1% of the export value of the top 100 companies, exceeding foreign-invested enterprises for the first time and becoming the leading force. Private enterprises are undoubtedly the pillar of support.

　　In 2019, 47 private enterprises were included in the Shandong Top 100 Export List. Rizhao Iron and Steel Group Co., Ltd. has been the leading private enterprise in exports for three consecutive years and has ranked second on the Top 100 Export List for two consecutive years; Goertek Inc. ranked 4th on the export list with an outstanding performance of 9.03 billion yuan, becoming a shining star among private enterprises.

　　State-owned enterprises play an irreplaceable role in the import of bulk resources and energy commodities related to national economy and people's livelihood. Since returning to an upward trend in 2018, their performance has become more stable. In 2019, 17 state-owned enterprises were included in the Top 100 Export List, achieving an export value of 44.02 billion yuan, an increase of 8.1%; they are mainly concentrated in textiles, steel, tires, home appliances, and chemicals, which are traditional advantageous foreign trade fields in Shandong Province; 15 state-owned enterprises were included in the Top 100 Import List, with an import value of 75.42 billion yuan, an increase of 30.2%.

　　In 2019, the trend of coordinated east-west development of regional foreign trade in Shandong Province became more obvious. The top 100 import companies were distributed in 14 cities, led by Qingdao, Yantai, and Dongying, with a total of 60 companies; in addition, Rizhao and Binzhou had 9 and 7 companies respectively, while Zibo, Weifang, Liaocheng, and Heze remained the same as last year; Linyi companies were included in the top 100 imports for the first time.

　　The top 100 export companies were distributed in 14 cities, with a continued decline in concentration in coastal cities and the accelerated rise of central and western cities; among them, Qingdao, Yantai, Weihai, and Rizhao, traditional coastal cities, had a total of 53 companies on the top 100 export list, 4 fewer than in 2018, while Weifang increased by 2 to 13; Linyi increased by 6 to 9, becoming the biggest winner on the export list; Dongying, Jinan, Zibo, Dezhou, Heze, and Tai'an remained the same as last year.

　　In 2019, facing the severe situation at home and abroad, Shandong's foreign trade enterprises demonstrated considerable resilience and adaptability, and the role of emerging markets was further enhanced. In 2019, Shandong's top 100 foreign trade companies' imports and exports to countries along the Belt and Road reached 177.49 billion yuan and 79.51 billion yuan respectively, increasing by 26.7% and 17.4% respectively; imports and exports to Latin American countries increased by 12.9% and 4.5% respectively. In addition, trade with traditional developed countries also quickly recovered, with the top 100 import companies' imports from the European Union and Australia increasing by 38.6% and 35.3% respectively, and the top 100 export companies' exports to the European Union, Japan, and South Korea increasing by 9.2%, 5.3%, and 42.5% respectively, showing strong growth momentum.