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Imports rise 10.2 percent in first seven months at Shanghai ports

Issuing Date: 2018-08-29   Author:Editor of site   Source: shanghai.gov.cn   Views:
Abstract: The Shanghai Customs has handled 3.56 trillion yuan (US$522.76 billion) worth of imports and exports from January to July 2018, up 6.1 percent year-on-year.

The Shanghai Customs has handled 3.56 trillion yuan (US$522.76 billion) worth of imports and exports from January to July 2018, up 6.1 percent year-on-year, among which the imports hiked 10.2 percent than the same period from last year.
During the same period, imports and exports at Shanghai ports with major trading partners, including the US, have increased evidently.
The EU remains Shanghai's biggest trading partner, with whom the importing and exporting volume accounted for 20.3 percent of the total; the US is the second largest trading partner and their import and export volume reached 603.31 billion yuan, up 0.2 percent and accounted for 16.9 percent of the total.
In the first seven months of 2018, 458.28 billion yuan worth of shipments was exported to the US through Shanghai ports, up 2.3 percent and accounting for 22.5 percent of the total exporting volume.
At the same period, imports from the US through Shanghai ports went down by 5.7 percent to 145.03 billion yuan, or 9.5 percent of the total importing volume. The US is the fifth largest source of import.
Of all the exports to the US, the mechanical and electrical products have risen by 2.7 percent from January to July, representing 58.2 percent of the total.
In the meantime, the automatic data processing equipment and other parts exported to the US have decreased by 19.9 percent.
The automobiles, medicines, and integrated circuits imported from the US have fallen by 8.7, 23.5 and 20.6 percent respectively.
Shanghai Customs officials said the global economic recovery has promoted the export and import growth between Shanghai ports and the major trading partners such as the EU and Japan, which offset the negative effects caused by the Sino-US trade friction.