Trade volume hits US$245.5 bln at Shanghai port in Jan-May
Imports and exports volume at Shanghai port amounted to US$245.5 billion in the first five months of this year, representing a year-on-year increase of 26.6%, up 7.4 percentage points from that of the same period of 2007, statistics from Shanghai Customs showed.
In May alone, foreign trade volume at Shanghai port jumped 35.6% from a year earlier to hit US$51.84 billion, up 16.5% from that in the same period last year. The growth rate is also 11% higher than the average growth rate over the first four months this year.
Exports and imports contributed US$155.73 billion and US$89.77 billion respectively in the Jan-May period, up 28.2% and 23.9% from a year earlier. Meanwhile, imports under general trade hit US$35.2 billion, up 28.2% year-on-year and 3.2 percentage points faster.
Imports and exports of foreign-funded companies accounted for 64% of Shanghai port’s total in the first five months, with imports and exports mounting 25.6% and 27.2% respectively to US$63.51 billion and US$93.6 billion. While China’s private enterprises and state-owned companies contributed US$38.93 billion and US$43.49 billion, up 41.3% and 17.8% year-on-year respectively.
The European Union was still the top trading partner of Shanghai port with total trade volume of US$55.32 billion, up 33.1% year on year, followed by the U.S, which contributed US$41.49 billion to the total, up 15.9%.
Tags: export, exports, Foreign-Trade, import, imports, port