Shenzhen's gross domestic product (GDP) expanded 5.1% year on year in the first half of the year to 1.83 trillion yuan (US$254.6 billion), up 0.1 percentage points compared to the first quarter, according to data released by the Shenzhen Municipal Bureau of Statistics.
The added value of the primary industry was 1.03 billion yuan, up 2.8%; the secondary industry reached 650.56 billion yuan, growing 3.3%; and the tertiary industry contributed 1.18 trillion yuan, increasing 6.1% and serving as the main driver of economic expansion.
Industrial production by enterprises above designated size — companies with at least 20 million yuan in annual operating revenue — rose 4.3% year on year in the first half, a 0.1 percentage point increase over the first quarter. Key industries including general equipment manufacturing, instrument manufacturing, and electrical machinery and equipment manufacturing increased by 17.1%, 8.8%, and 8.2%, respectively.
Energy supply industries, such as electric power, grew 11.8%. High-tech manufacturing led the momentum, with outputs of civilian drones, industrial robots, and 3D printing equipment surging 59%, 38%, and 35.8%, respectively, underscoring Shenzhen's competitive edge in intelligent manufacturing.
The service sector's contribution to growth strengthened further, with a 6.1% increase in added value, outpacing overall GDP growth by 1 percentage point. Modern services such as finance, transportation and warehousing, postal services, and information technology grew 10.9%, 9%, and 8.1%, respectively.
Fixed asset investment declined 10.9% year on year in the first half, but investments in infrastructure and industrial technological upgrading climbed 7.7% and 47.1%. Notably, investments in information transmission software and IT services, transportation and warehousing, and scientific research and technology services surged 47.7%, 32.5%, and 21.7%, respectively, laying a solid foundation for industrial upgrading.
In foreign trade, Shenzhen's total import and export volume reached 2.17 trillion yuan, a slight decline of 1.1% year on year. However, imports hit a record high of 858.86 billion yuan, and exports of high-tech products grew 8%. Private enterprises accounted for 69.8% of total trade and maintained stable exports to key partners such as ASEAN countries.
