Shanghai, October 22 (Xinhua) (Reporter Jiang Yu) Statistical data released by Shanghai Customs on the 22nd showed that the scale of Shanghai’s imports and exports showed a “step-like” upward trend in the first three quarters of this year.
In the first, second, and third quarters of this year, Shanghai’s import and export scale was 1.01 trillion yuan (RMB, the same below), 1.14 trillion yuan, and 1.19 trillion yuan respectively, representing a year-on-year (same below) decrease of 2.5%, an increase of 7.2%, and an increase of 11.3% respectively. In September, the import and export scale exceeded the 400 billion yuan mark, with imports and exports for the month reaching 405.9 billion yuan, an increase of 12.5%, of which exports grew by 9.4% and imports grew by 15%.
In the first three quarters, Shanghai’s total imports and exports reached 3.34 trillion yuan, an increase of 5.4%, with the growth rate accelerating by 0.9 percentage points compared to the first eight months. Among these, exports were 1.48 trillion yuan, an increase of 11.3%; imports were 1.86 trillion yuan, an increase of 1.1%.
In the first three quarters, Shanghai’s private enterprises achieved imports and exports of 1.32 trillion yuan, an increase of 27.1%, driving the city’s foreign trade growth by 8.9 percentage points; the proportion of their import and export value to the city’s total import and export value increased by 6.7 percentage points year-on-year to 39.5%, reaching a historical high.
In the first three quarters, Shanghai’s import and export values with ASEAN, the Middle East, and Africa increased by 12.5%, 22.9%, and 32.5% respectively, while those with India and Mexico increased by 33% and 17.4% respectively, highlighting the effectiveness of market diversification. During the same period, the import and export value with the European Union slightly decreased by 0.4%.
In the first three quarters, the export values of integrated circuits, general mechanical equipment, and electrical control devices from Shanghai increased by 10%, 25%, and 20.5% respectively; the export value of liquid cargo ships, a green shipping equipment, surged by 82.7%; the export value of the “new three” products – new energy vehicles, lithium batteries, and solar batteries – increased by 6.3%. The aforementioned products have become new drivers boosting the export growth of Shanghai’s high-end manufacturing industry.
In the first three quarters, the import value of high-tech products in Shanghai increased by 6.4%, a growth rate 5.3 percentage points higher than the overall import value. During the same period, although the import value of consumer goods decreased by 6.5%, the import values of livelihood-related consumer goods such as dairy products, fruits, and meat increased by 19.7%, 15.3%, and 2.8% respectively. (End)
