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Shanghai's foreign trade up 0.3% in Jan-Sep

Oct. 18, 2012 (China Knowledge) - Shanghai saw its foreign trade value rose 0.3% from a year earlier to US$602.57 billion in the first nine months of this year, according the latest statistics released by the Shanghai Customs.

From January to September 2012, the city's export value reached US$368.43 billion, remained flat from a year earlier, and its imports grew 0.8% YoY to US$234.14 billion.

The export value of mechanical and electronic products rose 0.1% YoY to US$213.02 billion in the first nine months of this year, which accounted for 57.8% of the total exports.

Meanwhile, the city saw the export of labor intensive products drop 0.7% from a year earlier to US$91.57 billion, including US$41.45 billion from garment export and US$27.41 billion from textile export.

In the first nine months of 2012, Shanghai's foreign trade with the U.S. and the E.U. were US$103.08 billion and US$124.52 billion, up 3.6% but down 6% YoY, respectively. The city's total import and export with Japan decreased 0.5% YoY to US$79.26 billion.

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