According to the latest statistics released by Shanghai Customs, the foreign trade of Shanghai port continued to maintain a good momentum of vigourous development, with the import and export volume approaching 76 billion US dollars, shattering the historic record again.

The statistics shows that there has been a year-on-year increase of 25.7 percent in the import and export volume of Shanghai port in the first quarter this year. Among the total volume, export yielded 45.68 billion US dollars, up 37.9 percent; import stood at 30.29 billion yuan, up 10.9 percent. Additionally, the increase of export is much higher than that of import.

In the year of 2005, the general trade in Shanghai has witnessed dramatic increase, the trade volume in the first quarter reaching 33.5 billion US dollars, a year-on-year increase of 20 percent. And the import and export of processing trade maintained steady growth, the gross import and export volume totaling 33.8 billion US dollars, up 36 percent from last year.

By People's Daily Online