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Shanghai's foreign trade hits record US$39.77 bln in May

Jun. 20, 2012 (China Knowledge) - Shanghai saw its foreign trade value increase 10.3% YoY to US$39.77 billion last month, reflecting the highest monthly level on record, according to he latest statistics released by the Shanghai Statistics Bureau.

The city's export value rose 10% YoY or 15.8% MoM to US$18.92 billion in May this year, and its imports grew 10.7% YoY or 14.3% MoM to US$20.85 billion.

The value of exports and imports under general trade was US$7.04 billion and US$9.70 billion last month, up 6.6% and 11% YoY, respectively, and the value of exports and imports under processing trade was US$9.07 billion and US$3.45 billion, up 6.8% and 0.7% YoY, respectively.

The export value of mechanical and electronic products increased 9.4% YoY to US$12.92 billion in May, while the import value of such products was US$11.30 billion, up 4.4% from the same month of last year.

The city's high-tech product exports grew 5.9% YoY to US$7.65 billion, and its imports of such products rose 7% YoY to US$6.95 billion.

Last month, Shanghai's exports to the U.S.and Japan were US$4.39 billion and US$2.07 billion, up 17.2% and 13.3% YoY, respectively. However, the city's exports to the E.U. fell 6.9% YoY to US$3.38 billion.







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