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World commodities rush into Shanghai everyday

23
Feb '07
According to the latest customs statistics, a total amount of US $9.905 billion of goods from all over the world entered Shanghai in January 2007, with daily average import value of about US $320 million, an increases of $7.4 million compared with the daily average import amount of last year.

In 2006, Shanghai's annual import reached $113.943 billion, $350 million higher than exports. Foreign trade deficit has been there for the last eight years in a row.

From the sources of imports, European Union, Japan, ASEAN and United States are the four major markets, which account for 60 percent of Shanghai's total imports.

In 2006, Shanghai's imports from European Union were $19.394 billion, from Japan were $19.222 billion, from ASEAN were $17.558 billion, and from United States were $13.168 billion. Of which, imports from European Union, ASEAN and United States increased by as much as 20 percent.

In 2006, Shanghai's per capita GDP was more than $7,000.

The newly released the “11th Five-Year Plan of Shanghai Foreign Economic and Trade Development" expected that Shanghai's total foreign trade volume will reach over $300 billion by 2010, the average annual growth will be about 10 percent, import and export will maintain a balance.

Fibre2fashion News Desk - China


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