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Shanghai international trade exceeds $280 billion in H1

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.

Katherine Si, China Correspondent

July 25, 2023

1 Min Read
Shanghai Bund
Photo: Lee Hong Liang

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.

 

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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