City foreign trade soars 9.2% in July
Print Edition
Shanghai鈥檚 foreign trade grew 9.2 percent month over month to 328.09 billion yuan (US$50.59 billion) in July, the 14th consecutive increase, according to Shanghai Customs.
Exports totaled 131.93 billion yuan, up 11.6 percent month over month, while imports reached 196.16 billion yuan, up 7.6 percent.
In the first seven months of this year, Shanghai鈥檚 total import and export volume was 2.21 trillion yuan, up 17.5 percent year over year.
The European Union, Shanghai鈥檚 largest trading partner, reported imports and exports via Shanghai of more than 451.58 billion yuan between January and July, accounting for 20.4 percent of the city鈥檚 total foreign trade.
In terms of enterprise types, foreign-invested companies accounted for more than 60 percent of total trade volume, and the growth rate of private enterprises has increased significantly with a year-on-year increase of 33.1 percent.
Shanghai鈥檚 exports mainly consist of mechanical and electrical products, accounting for 68.3 percent of the city鈥檚 total export volume in the first seven months of 2021. The city also reported the largest growth rate in diamond imports.
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