Trade at Shanghai port surges

Source: Xinhua  |   2008-6-19  |     NEWSPAPER EDITION

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IMPORTS and exports continued to surge at Shanghai port to total US$245.5 billion in the first five months of 2008, according to trade data.

Shanghai Customs statistics showed the trade value jumped 26.6 percent year on year, 7.4 percentage points higher than in the same period in 2007.

With this volume, Shanghai port did about one-quarter of the country's foreign trade, said a source.

By breakdown, exports totaled US$155.73 billion, a jump of 28.2 percent, and imports made up US$89.77 billion, up 23.9 percent. Imports under general trade accounted for US$35.2 billion, a growth of 28.2 percent from a year ago.

The European Union remained the port's top trading partner, followed by the United States, Japan, the Association of Southeast Asian Nations and Africa.

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