Imports increase 26.7% in H1
Print Edition
SHANGHAI witnessed brisk demand for imported consumer goods, customs authorities said yesterday.
In the first half of this year, the value of goods imported to Shanghai reached 133.96 billion yuan (US$21.6 billion), up 26.7 percent from last year, according to Shanghai customs.
Shanghai has consistently been China’s top importer of consumer goods.
Confidence among consumers, the expansion of government policies on imports and exports, as well as cross-border e-commerce all contributed to growth in the sector.
The European Union was the largest source of imports in the first half, shipping in products worth 71.51 billion yuan. The Association of Southeast Asian Nations was the second-largest, and the US third.
In the period, Shanghai’s top-three import commodities in terms of value were passenger vehicles, medical and health care products, followed by clothing.
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