Shanghai's foreign trade rises 51.4 percent

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Last updated at: (Beijing Time) Sunday, March 14, 2004

Shanghai's foreign trade rises 51.4 percent

Foreign trade conducted through Shanghai reported a year-on-year 51.4-percent rise to US$38.2 billion during the first two months of this year.

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Foreign trade conducted through Shanghai reported a year-on-year 51.4-percent rise to US$38.2 billion during the first two months of this year.

The total included US$17.3 billion in imports and US$20.9 billion in exports, up 51.1 percent and 51.7 percent respectively.

Overseas-funded enterprises accounted for 67 percent of the imports through Shanghai in the period, with the volume imported by private enterprises soaring 110 percent to reach some US$1.1 billion, and that by State-run enterprises rising 28.5 percent to US$4.6 billion.

Imports from the United States reached US$2.1 billion in the two months, up 72 percent, followed by Japan and EU countries.

Machinery and electronic products topped the import list and reached US$10.8 billion in the two months, which included US$1.77 billion of integrated circuits and micro-electronic parts, and US$670 million of automatic data processing facilities and parts.

Exports of machinery and electronic products reached US$11.5 billion, up 79 percent, with the volume of garment and accessory exports rising 17 percent to US$3.2 billion, and that of textiles and fabrics rising 37 percent to US$1.8 billion.

Source: Xinhua

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