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Shanghai's exports down 4.1% YoY in Apr

May. 17, 2012 (China Knowledge) - Shanghai saw its export value fall 4.1% YoY or 5.6% MoM to US$16.33 billion in April this year, according to the latest statistics released by the Shanghai Statistics Bureau.

Last month, the city's imports fell 1.6% YoY or 14.5% MoM to US$18.24 billion, taking its foreign trade to a total of US$34.57 billion in the month, 2.8% less than that in the same period of last year.
The value of exports and imports under general trade was US$6.45 billion and US$8.54 billion last month, up 0.3% and down 3% YoY, respectively, and the value of exports and imports under processing trade was US$7.70 billion and US$3.20 billion, down 11.5% and 8.1% YoY, respectively.
The export value of mechanical and electronic products decreased 4.6% YoY to US$11.31 billion in April, while the import value of such products was US$10.15 billion, down 4.3% from the same month of last year.
The city's high-tech product exports dropped 11.6% YoY to US$6.65 billion, and its imports of such products rose 2.5% YoY to US$6.14 billion, respectively.
Last month, Shanghai's exports to the U.S., the E.U. and Japan all declined, reaching US$3.08 billion, US$3.59 billion and US$2.12 billion, down 11.3%, 4.4% and 1.8% YoY, respectively.

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