Foreign Trade Via Shanghai Port Soaring

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Last updated at: (Beijing Time) Thursday, August 14, 2003

Foreign Trade Via Shanghai Port Soaring

Shanghai Port did 107.71 billion US dollars worth of imports and exports from January to July, up 43.1 percent from the same period last year.

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Shanghai Port did 107.71 billion US dollars worth of imports and exports from January to July, up 43.1 percent from the same period last year.

Sources from Shanghai Customs noted on Wednesday that the import aggregate via the port in the first seven months of the year rose by 49.9 percent to hit 47.23 billion US dollars.

The growth rate for imports through the port was 11.7 percentage points higher than that of exports.

Imports from other Asian countries and regions stood at 27.43 billion US dollars during the seven months, up 54 percent from thesame period last year, and imports from North America were about 6billion US dollars, up 35.1 percent, while imports from European countries were 11 billion US dollars, up 47.8 percent.

Imported machinery and electronic products made up 62 percent of the total imports through the port of Shanghai, according to the sources.

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