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Exports via Shanghai Port mark strong growth-trend
08
Oct '08
According to the available reports from Customs statistics, exports via Shanghai Port in the first 8 months this year reached US $262.73 billion, a year-on-year increase of 26.6 percent.

Among them, exports of machinery and equipment registered $62.66 billion, up 36.8 percent.

However, during the January-August 2008 period, traditional commodity exports via this Port looked sluggish. Exports of clothing and accessories stood at $29.25 billion, a year-on-year rise of 13.8 percent, but down 1.8 percentage points in growth-rate.

Exports of textile yarn, fabrics and apparel recorded $17.94 billion, marking a climb of 18.4 percent with 10.7 percentage points higher growth-rate as compared to similar priod of 2007.

From January to August, imports and exports of Shanghai Port from and to the EU achieved $93.86 billion, a surge of 31.6 percent as against corresponding period last year.

The EU maintained its position as the largest trading partner and the biggest export market for Shanghai Port.

Imports and exports growth-rate from and to the second largest trading partner, the US, slowed 2.3 percentage points to accomplish $69.76 billion, a year-on-year boost of only 15.1 percent.

In past few years, Shanghai has emerged as the key foreign trading Port, accounting for about one-fourth of the country's total import and export value.

From January to August 2008, import and export volume of Shanghai port amounted to 410.71 billion, up 24.6 percent.

Fibre2fashion News Desk - China

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