From January to July, the total value of Shanghai's foreign trade imports and exports reached 2.46 trillion yuan, and imports and exports to ASEAN continued to grow
2024-08-24
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Xinmin Evening News (Reporter Guo Jianfeng) According to statistics from Shanghai Customs, in the first seven months of 2024, the total import and export value of Shanghai was 2.46 trillion yuan, an increase of 0.7% over the same period last year (the same below). Among them, exports were 1.01 trillion yuan, an increase of 2.2%; imports were 1.45 trillion yuan, a decrease of 0.4%, and the trade deficit was 431.18 billion yuan, narrowing by 6%. It is worth mentioning that imports and exports to ASEAN continued to grow, and imports and exports to South Korea and Switzerland grew by double digits.
Photo caption: Shanghai Port Group Zhendong Wharf (file photo). Photo by Chen Mengze, a reporter from Xinmin Evening News
General trade imports and exports accounted for nearly 60%, and bonded logistics imports and exports increased. In the first seven months, Shanghai's imports and exports in general trade amounted to 1.47 trillion yuan, basically the same as the same period last year, accounting for 59.6% of Shanghai's total imports and exports in the same period (the same below); among them, exports were 562.17 billion yuan, an increase of 3.4%; imports were 904.92 billion yuan, a decrease of 2%. In the same period, imports and exports in bonded logistics amounted to 643.97 billion yuan, an increase of 3.4%; among them, exports were 214.47 billion yuan, a decrease of 0.1%; imports were 429.5 billion yuan, an increase of 5.2%. In addition, imports and exports in processing trade amounted to 327.38 billion yuan, a decrease of 2.9%.
The growth rate of private enterprises has expanded, and the growth rate of state-owned enterprises ranks first. In the first seven months, the import and export of private enterprises in Shanghai was 782.9 billion yuan, an increase of 3.8%, an increase of 0.6 percentage points over the first half of the year, accounting for 31.8%; the import and export of state-owned enterprises was 263.99 billion yuan, an increase of 11.4%, accounting for 10.7%. During the same period, the import and export of foreign-funded enterprises was 1.41 trillion yuan, a decrease of 2.5%, accounting for 57.4%.
Imports and exports to ASEAN continued to grow, and imports and exports to South Korea and Switzerland showed double-digit growth. In the first seven months, Shanghai's imports and exports to ASEAN amounted to 324.42 billion yuan, up 5%, an increase of 0.2 percentage points from the first half of the year, accounting for 13.2%. Imports and exports to the EU and the United States were 459.59 billion yuan and 271.6 billion yuan, down 8% and 2.9% respectively. During the same period, imports and exports to other BRICS countries amounted to 234.23 billion yuan, up 9.6%. In addition, imports and exports to South Korea amounted to 126.08 billion yuan, up 14.6%; imports and exports to Switzerland amounted to 102.29 billion yuan, up 25.4%.
Ship exports doubled, and labor-intensive products maintained a steady growth. In the first seven months, Shanghai exported 698.24 billion yuan of mechanical and electrical products, up 1.2%, accounting for 68.8% of Shanghai's total exports during the same period. Among them, exports of integrated circuits amounted to 105.69 billion yuan, up 4.6%; ships amounted to 39.32 billion yuan, up 108.3%. During the same period, exports of labor-intensive products amounted to 107.6 billion yuan, up 6.3%. Among them, exports of textiles and clothing amounted to 63.8 billion yuan, up 3.3%; plastic products amounted to 21.61 billion yuan, up 13.4%. In addition, exports of unwrought copper and copper materials amounted to 13.72 billion yuan, up 182.1%.
Imports of mechanical and electrical products increased slightly, while imports of metal ores and mineral sands increased. In the first seven months, Shanghai imported 607.22 billion yuan of mechanical and electrical products, an increase of 0.9%, accounting for 42% of Shanghai's total imports during the same period. Among them, imports of integrated circuits amounted to 153.69 billion yuan, a decrease of 1.2%; automatic data processing equipment and its parts amounted to 38.53 billion yuan, an increase of 57.7%. During the same period, imports of metal ores and mineral sands amounted to 113.66 billion yuan, an increase of 13%; among them, imports of iron ore and its concentrate amounted to 97.63 billion yuan, an increase of 21.5%.
