Foreign Trade Through Shanghai Port IncreasingShanghai, which handles one fifth of China's foreign trade volume, handled import and export goods worth US$31.19 billion in the first four months this year, up 56.2 percent over the same period last year.According to the latest figures released by Shanghai Customs, the total foreign trade volume included US$14.29 billion in imports, a surge of 70.6 percent, and US$16.9 billion in exports, an increase of 45.8 percent. About half of the imports were machinery and electrical products, followed by paper pulp, wool, synthetic fiber for the textile industry, oil products, plastics, steel and copper. Of the exports, approximately half came from China's state- owned enterprises, up 46.7 percent year-on-year. Nationwide, China's foreign trade volume during the January- April period totaled US$137.1 billion, a rise of 38.8 percent over the same period last year. Imports of the country reached US$64.9 billion, rising 38.6 percent, while exports were US$72.2 billion, up 39 percent. |
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