Although Chongqing has always been in the front of the national gdp ranking, the increase in recent years is not much, and there is still a downward trend. Fortunately, it began to recover in the first half of this year. The economic downward trend of Chongqing for five consecutive quarters since the beginning of 2118 finally came to an end at the end of June this year. Chongqing Municipal Bureau of Statistics released economic data for the first half of this year, with GDP increasing by 6.2% year-on-year. It is worth noting that in the first half of this year, Chongqing's total GDP reached 1,133.476 billion yuan, which was the first time in the history of the city's total economic output that it exceeded the trillion yuan mark in half a year.
21th Century Business Herald noted that at the end of 2118, the added value of industrial enterprises above designated size in Chongqing increased by only 1.5% year-on-year, and reached 5.1% in the first half of this year. Specifically, in Chongqing's "nine pillar industries", all of them have achieved growth except automobiles. Among them, the materials industry, consumer goods industry and electronics industry achieved double-digit rapid growth, with growth rates of 18.7%, 12.7% and 12.4% respectively. Although the automobile industry declined by 14.1%, the decline was narrower than that in previous quarters. At the end of 2118 and the first quarter of 2119, the growth rate of Chongqing automobile industry was -17.3% and 17.1% respectively.
In addition to the pillar industries in Chongqing, the added value of "industrial strategic emerging industries", which is the new economic kinetic energy of this industrial city, also increased by 12.8% year-on-year, the growth rate was 7.8 percentage points higher than that of the city's regulated industries, and its contribution to the city's regulated industrial growth reached 52.1%. Among them, the new generation information technology industry, new materials and biological industry increased by 13.9%, 16.2% and 17.1% respectively.
another driver of Chongqing's economic recovery in the first half of the year was the sustained growth of foreign trade. In the first half of the year, Chongqing's foreign trade situation was stable, achieving a total import and export value of 266.364 billion yuan, a year-on-year increase of 16.5%. Among them, the export was 171.124 billion yuan, up by 16.5%; Imports reached 95.24 billion yuan, up by 16.5%.