Beijing Customs reported Thursday that the capital's total goods trade, including central government entities based in the city, reached 2.93 trillion yuan ($404 billion) in the first 11 months of the year.

Exports rose 3% from a year earlier to 568.35 billion yuan, a record for the period, while imports totaled 2.36 trillion yuan. In November alone, Beijing logged 252.62 billion yuan in combined imports and exports.

Beijing's exports have posted year-on-year growth for five straight months since July, driven in part by integrated circuits and autos, which have already surpassed their full-year export value for 2024.

Private firms led the gains, with total imports and exports climbing 8.2% to 418.07 billion yuan. Their exports jumped 24.9% to 153.44 billion yuan, topping 150 billion yuan for the first time and exceeding last year's total. Foreign-invested enterprises and state-owned enterprises accounted for 16.6% and 69% of Beijing's foreign trade, respectively.

Trade ties with Belt and Road partner economies continued to expand. Imports and exports with those countries reached 1.76 trillion yuan in the first 11 months, representing 60.1% of the city's total trade.

Emerging industries remained the main growth driver, with the auto manufacturing, information technology, pharmaceutical and health care, and green and low-carbon sectors together adding 3.5 percentage points to overall export growth.

Exports of flat panel display modules rose 70.5%, while photovoltaic products surged 242.3%. Exports of automobiles, integrated circuits and medical instruments all recorded double-digit increases.

Beijing Capital International Airport and Beijing Daxing International Airport handled 704.22 billion yuan in imports and exports, up 6% and a record for the period. Trade in cultural products grew 25.9% to 23.37 billion yuan, with exports soaring 70.3%, underscoring faster integration of culture and technology.

Beijing Customs said the sustained momentum of emerging industries, together with the boost from the dual-hub airports, is helping drive high-quality growth in the capital's foreign trade.