Yantai Free Trade Port Zone

Yantai Free Trade Port Zone [Photo/bsgq.yantai.gov.cn]

Yantai Free Trade Port Zone, founded in September 2009 under the approval of the State Council, was the 13th free trade port zone in China and the second one in Shandong province.

With a planning area of 6.2 square kilometers, the zone is divided into two parts: the eastern part (3.95 sq km) in the Zhifu Bay Port area of Yantai Port and the western part (2.26 sq km) in the Yantai Economic and Development Zone.

The zone enjoys convenient transport. It is close to downtown Yantai city, 1 km from Yantai Railway Station, and a 30-minute drive to Yantai Penglai International Airport.

After years of development, four characteristic platforms – financial leasing, foreign trade services, cross-border e-commerce, and product exhibition – have been built up in the zone. 

The eastern part of the zone now houses 54 enterprises involved in the processing of automobile and cell phone parts, warehouses and logistics, cross-border e-commerce, and foreign trade services; the western part of the zone is home to 51 enterprises and mainly provides bonded logistics services.  After years of development, it has also formed an electronic processing industrial chain.

In 2017, the total export-import volume of the zone was 81.93 billion yuan ($11.87 billion), ranking third of all the 14 free trade port zones in the country. Its cargo handling capacity in 2017 reached 288 million metric tons while container throughput totaled 2.7 million TEU (twenty-foot equivalent units, an industry measure of cargo capacity).