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Shanghai's exports down 6.2% Y-O-Y in Mar

Apr. 17, 2012 (China Knowledge) - Shanghai saw its export value fall 6.2% year on year to US$17.31 billion in March this year, according to the latest statistics released by the Shanghai Statistics Bureau.

Last month, the city's imports rose 3.8% year on year to US$21.34 billion, taking its foreign trade to a total of US$38.65 billion in the month, 0.9% less than that in the same period of last year.
The value of both exports and imports under general trade was US$6.64 billion and US$9.450 billion last month, up 9% and down 3.5% year on year, respectively, and the value of both exports and imports under processing trade was US$8.48 billion and US$3.36 billion, down 15%and 8.5% year on year, respectively.

The export value of mechanical and electronic products decreased 8.2% year on year to US$12.09 billion in March, while the import value of such products was US$11.83 billion, up 1.2% from the same month of last year.
The city's high-tech products exports dropped 16.1% year on year to US$7.30 billion, and its imports of such products rose 8.1% year on year to US$7.28 billion, respectively.

Last month, Shanghai's exports to the U.S. and the E.U. were US$3.09 billion and US$4.05 billion, down 19% and 5.8% year on year, respectively. The city's exports to Japan rose 3.1% year on year to RMB 2.21 billion.

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