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Foreign Trade Through Shanghai Port Rising
China's leading foreign trade port Shanghai, which deals with one fifth of the country's export and import products, handled 79.5 billion U.S. dollars worth of goods in the first three quarters of the year, up 49.6 percent on a yearly basis.
The figure consisted of exports to the value of 44.94 billion U.S. dollars and imports to the value of 34.55 billion U.S. dollars, up 44.1 percent and 57.6 percent, respectively.
Local experts attributed the upward trend to an improving national economy.
Statistics released by Shanghai Customs show more than half of the imports came from machinery and electronics products, followed by paper pulp, wool, oil products and plastics.
Customs sources said general trade imports jumped 64.7 percent while imports for processing trade surged 50 percent.
Meanwhile, exports of machinery, electronics goods, garments and textile products have witnessed brisk growth this year, according to customs.
Exports from state-owned businesses rose 39.2 percent to reach 22.32 billion U.S. dollars during the January-September period.
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