In 2019, 33 petrochemical companies were included in the top 200 Chinese import companies, and 11 petrochemical companies were included in the top 200 Chinese export companies. China United Petroleum & Chemical Corporation is the top importer, and China United Petroleum Corporation is the second. In addition, there are three petrochemical companies in the top ten. The top export ranking is that China International Petroleum and Chemical Corporation is ranked 11th.
The total import and export volume of goods trade in 2019 reached 31.54 trillion yuan, an increase of 3.4% over the previous year. Among them, exports were 17.23 trillion yuan, an increase of 5%; imports were 14.31 trillion yuan, an increase of 1.6%. Throughout the year, imports, exports, and imports have reached record highs, and continue to be the largest country in global trade in goods.
Finalist threshold hits a new historical high
The bottom line of the top 200 exporters in 2019 increased from 5.68 billion yuan in 2018 to 5.93 billion yuan, an increase of 4.5% year-on-year; the minimum threshold for the top 200 imports increased from 8.52 billion yuan in 2018 to 8.71 billion yuan, an increase of 2.2% year-on-year.
Top 200 Import and Export Lead the Foreign Trade Corps
In 2019, the top 200 export enterprises totaled 3.92 trillion yuan in exports, an increase of 5.2% year-on-year, 0.2 percentage points higher than the overall average growth rate of China ’s exports, and a contribution rate of 23.8% to the overall export growth. The total imports of the top 200 import companies totaled 5.33 trillion yuan, a year-on-year increase of 6.1%, 4.5 percentage points higher than the overall average growth rate of imports, and a contribution rate of 136% to the overall import growth.
For the first time in 2019, private enterprises have surpassed foreign-invested enterprises, occupying an important low position in China's foreign trade arena. Judging from the ranking of importing enterprises, private enterprises have continuously strengthened their foreign trade vitality, and 12 private enterprises have been shortlisted, accounting for more than 30%. Industry insiders said that Hengli Petrochemical is highly likely to enter the top 40 in 2020.
