Shenzhen exported 46.1 billion yuan of vaping products last year; 7.1 billion yuan in the first two

Today, on April 3, it was reported that Shenzhen Customs recently released the export data for Shenzhen's e-cigarettes for the first two months of 2023. Here is the full text:

China is the world's largest manufacturer and exporter of e-cigarettes, with Shenzhen becoming a major hub for e-cigarette production and export.

According to customs statistics, in 2022, Shenzhen exported e-cigarettes worth 46.09 billion yuan, accounting for 68.3% of the national export total. In the first two months of this year, Shenzhen exported e-cigarettes worth 7.1 billion yuan, a year-on-year increase of 38.9%, accounting for 66.9% of the national e-cigarette export total, maintaining its position as the largest e-cigarette export city in the country.

Main characteristics include:

First, the vast majority are privately-owned enterprises exporting through general trade. In the first two months, private enterprises in Shenzhen exported 6.09 billion yuan, an increase of 42%, accounting for 85.8% of the total e-cigarette export value from Shenzhen during the same period. During the same period, exports through general trade amounted to 6.53 billion yuan, an increase of 40.5%, accounting for 92.1%.

Second, the main markets are in Europe and America, with a decrease in exports to the United States.

In the first two months, Shenzhen exported 2.29 billion yuan to the United States, a decrease of 20.1%, accounting for 32.3% of the total e-cigarette export value from Shenzhen during the same period, still the largest market for Shenzhen's e-cigarette exports, but down 5.8 percentage points compared to 2022.

During the same period, exports to the European Union, the United Kingdom, and Russia increased by 1.9 times, 90%, and 2.7 times, respectively, accounting for a total of 40.9%.

Additionally, exports to ASEAN amounted to 420 million yuan, an increase of 1.3 times, accounting for 6%.