Port economy of Chinese seaport cities soars to $869 billion in 2023

(ECNS) -- The added value of port economy across China’s 59seaport cities amounted to 6.2 trillion yuan ($869.05 billion) in 2023, accounting for 13.4 percent of the total economic output of port cities, and an increase of 192.9 billion yuan compared with 2022, data from the Port Economic Development Report of Chinese Seaport Cities 2024 showed.

The data was released by the Transport Planning and Research Institute of the Ministry of Transport during the Tianjin International Shipping Industry Expo 2024.

The added value of the port economy in the Yangtze River Delta region accounted for 44.7 percent of the total added value of the port economy in China, with the region emerging as the most developed area of the port economy in China's coastal regions, according to the report.

In the future, China's port economy will focus on new quality productivity, and foster new drivers of the port economy.

Chinese seaport cities mentioned in the report refers to the prefecture-level city or municipality where China's coastal ports are located, and the port city along the Yangtze River in Jiangsu Province is also included in the scope of seaport city research.