Home / Knowledge / News / Shanghai Port bilateral trade harbors rapid growth
Shanghai Port bilateral trade harbors rapid growth
26
May '08
Latest Shanghai Customs statistics reveal that in the first four months of this year, foreign trade of Shanghai Port continued to flourish impressively. Total import and export volume reached US $193.97 billion, 24.6 percent higher than that of the same period last year. This also marked a 5.3 percentage point faster growth-rate as against the corresponding time of 2007.

Among them, exports were $122.49 billion, up 25.9 percent, recording 4.8 percentage points swifter increase. Meanwhile, imports stood at $71.48 billion, a rise of 22.4 percent and 6.1 percentage points higher growth-rate.

Export and import trade with the European Union, Japan, ASEAN and Africa indicated rapid growth, while exports to the US slowed down.

In the first four months of this year, the EU continued to remain largest trade partner for Shanghai Port. Import and export volume with this trade giant reached $43.34 billion, a surge of 29.5 percent, accounting for 22.3 percent of the total foreign trade from the port.

Import and export trade with the US registered $32.63 billion, up 13.4 percent, slow down of 5.7 percentage points in growth-rate, with exports plummeted, significantly.

At the same time, imports and exports with the third (ASEAN) and fourth (Japan) largest trade partners showed development trends, at $27.41 billion and $19.48 billion, climb of 21.2 percent and 31.6 percent, respectively.

In addition, bilateral trade with Africa scored $4.78 billion, a boost of 56.1 percent. Of this, exports were $3.85 billion, augmenting 38.5 percent and imports were $940 million, sky-rocketing 84.4 percent.


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search