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Shanghai's foreign trade up 2.4% in H1

Jul. 18, 2012 (China Knowledge) - Shanghai saw its foreign trade value rise 2.4% from a year earlier to US$391.97 billion in the first half of this year, according the latest statistics released by the Shanghai Customs.

From January to June 2012, the city's export value rose 2.6% YoY to US$238.41 billion in the six month period, and its imports grew 2.1% YoY to US$153.56 billion.

The value of both exports and imports under general trade was US$131.08 billion and US$75.64 billion in the six-month period, up 4.8% and 1.9% YoY, respectively, and the value of both exports and imports under processing trade was US$90.9 billion and US$34.01 billion, down 1.6%and 6% YoY, respectively.

The export value of mechanical and electronic products increased 3.2% YoY to US$139.63 billion in the first half of this year, while the import value of such products was US$85.38 billion, down 2.7% from the same period of last year.

The city's high-tech products exports dropped 3.57% from a year earlier to US$70.9 billion, and its imports of such products rose 1.5% YoY to US$49.13 billion.

In the first half of 2012, Shanghai's exports to the U.S. and the E.U. were US$51.99 billion and US$52.24 billion, up 9.1% and down 5.8% YoY, respectively. The city's exports to Japan rose 5.7% year on year to RMB 26.41 billion.

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