(xmtdc.gov.cn), Updated: 2014-07-29
Xiamen’s GDP in 2013 totaled RMB 301.82 billion, representing an increase of 9.4%. The added value of the primary industry was RMB 2.60 billion, growing by 0.2%; that of the secondary industry was RMB 143.48 billion, increasing by 11.1%; that of the tertiary industry was RMB 155.74 billion, up 7.7%. The ratio of the primary to secondary to tertiary industry was 0.9: 47.5: 51.6.
The mainstream industries in Xiamen include the six pillar industries of electronics, machinery, shipping and logistics, MICE, finance and commerce and software and information services, and six emerging industries, namely information technology, biology and new medicines, new materials, energy conservation and environmental science, marine high-tech industry and cultural and creative industry.
The trade and commerce sector was a great contributor to Xiamen’s economy. In 2013, the added value of this sector grew by 3.6% to RMB 40.23 billion, the highest in the tertiary industry. It accounted for 13.3% of the GDP and 25.8% of the total added value of the tertiary industry. During the same period, the added value of the finance sector was RMB 25.42 billion, rising by 12.0%; that of the real estate sector was RMB 27.14 billion, up 12.0%; while that of the transportation and logistics sector was RMB 19.19 billion, increasing by 6.7%.
In 2013, the output value of the industrial establishments with annual sales income exceeding RMB 20 million reached RMB 467.85 billion, increasing by 13.1% over the previous year.
In 2013, the output generated by the two pillar industries – machinery and electronics – rose by 4.8% to RMB 303.27 billion, accounting for 64.8% of the total output of all industrial establishments with annual sales income exceeding RMB 20 million.
Of the total output of industrial establishments with annual sales income exceeding RMB 20 million, 76.5%, i.e. RMB 357.77 billion, were generated by foreign, Hong Kong-, Taiwan- and Macao-funded enterprises, rising by 15.5%.
Xiamen is the largest producer and exporter of tungsten products in the world, the largest producer of hearing aids and hearing equipment in the Asia-Pacific region and a major computer exporter and aircraft maintenance center in China.
Xiamen is one of China’s biggest producers and sellers of digital audiovisual devices, capacitors, IC lead frames, relays and optoelectronic equipment.
By the end of 2013, 55 out of the Fortune 500 companies had set up business and invested in 100 projects in Xiamen with a total investment of USD 5.71 billion.
Xiamen is home to many famous national and international brand names such as Xoceco (Prima), Amoi, XGMA, King Long, Topstar, Cheng Shin, Yinlu, Huierkang, Gulong, Yinxiang, Wish and New Wish. Xiamen has gained competitive advantages in the country in various sectors including engineering machinery, power distribution equipment, large- and medium-sized buses, tungsten product processing and aircraft maintenance.