Trading volume of Shanghai port crosses 400bn mark

24 Sep '08

1 min read

According to Shanghai Customs statistics, total import and export volume of Shanghai port amounted to US $410.710 billion in the first 8 months of this year, marking a year on year increase of 24.6 percent.

Of this, exports marked $262.73 billion, up 26.6 percent while imports fetched $147.98 billion, up 21.3 percent. Cumulative trade surplus amounted to $114.75 billion, representing an increase of 34.3 percent.

Shipments of apparels and related products amounted to $29.250 billion in the first 8 months, an increase of 13.8 percent when compared with the same period of 2007, while exports of textiles and other related products like yarn, fabrics and finished products touched $17.940 billion, an increase of 18.4 percent.

Affected by the sharply higher prices of commodities in the international raw material market, import prices of primary products via Shanghai Port were broadly driven higher.

In the first eight months of this year, total trade with Europe through Shanghai Port amounted to $93.86 billion, an increase of 31.6 percent. The EU emerged to be the largest trading partner and export market for China.

Over the same period, trade with US, the second largest trading partner, reached $69.76 billion, an increase of 15.1 percent.

Fibre2fashion News Desk - China

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