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Shanghai Reports Increased Imports and Exports
The total import and export of Shanghai for the first 11 months this year reached US$99.22 billion, up 45.4 percent on an annual basis, the local customs said Thursday, December 14.
According to the Shanghai Customs, the city's exports during the January-November period increased 39.9 percent year on year to US$56 billion, while imports jumped 53.3 percent to US$43. 15 billion.
Experts said that the main reasons for the increase are booming exports of state-owned enterprises, steady growth of general trade imports and rising exports to major trade partners.
The imports of general trade and processing trade increased drastically by 58.5 and 48.2 percent, respectively, to hit 19.27 and US$15.45 billion.
In January-November, exports by local state-owned enterprises reached US$27.3 billion, up 32.2 percent year on year. The city's overseas-invested enterprises reported total exports valued at US$25.2 billion, up 43.5 percent.
During the period, Shanghai's exports to Japan reached US$12.38 billion, up 36.8 percent; its exports to Europe and North America were US$11.6 billion and US$12.59 billion, respectively, up 42.2 percent and 35.5 percent from a year ago.
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