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

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Apparel/Garments | On 28th Mar 2017

US withdrawal from TPP to not impact Vietnam garment exports

A high ranking official of the Vietnam Textile and Apparel...

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search