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Shanghai international trade exceeds $280 billion in H1

Photo: Lee Hong Liang Shanghai Bund.jpg
Shanghai's total import and export value hit RMB2.09 trillion ($280 billion) in the first half of 2023, an increase of 11.4% year-on-year, marking a new high.

Exports reached RMB846.3bn, up 15.2% year-on-year, while imports were RMB1.25 trillion, an increase of 9.1%. Foreign-invested enterprises' import and export value reached RMB1.23 trillion, accounting for 59%, an increase of 6.3 percent year-on-year.

Shanghai's imports from and exports to its major trading partners, including the European Union, the Association of Southeast Asian Nations (Asean), the United States, Japan and Australia retained a steady growth in the first six months. 

The three new-emerging export goods of Shanghai including electric vehicles, lithium batteries and solar cells, which saw a substantial growth rate of 171.8%, 189.7% and 62.6%, respectively.

 

TAGS: Ports Asia