Shanghais Import-Export Value Hits Record High in H1 2023

In the first half of 2023, Shanghaisimport and exportTotal value reached 2.09 trillion yuan, a year-on-year increase of 11.4%, 9.3 percentage points higher than the national growth rate. This import and export scale set a new historical record for the same period, demonstrating Shanghaisforeign tradeResilience.

Among various enterprises, private enterprises performed particularly well. In the first half of the year, there were 51,000 foreign trade enterprises in Shanghai with actual import and export activities, an increase of 6.5%. Among them, the total import and export value of private enterprises reached 640.98 billion yuan, an increase of 20.7%, accounting for 30.6% of the citys total import and export value and contributing 51.1% to the citys foreign trade growth.

Meanwhile, bonded logistics also showed strong growth momentum. In the first half of the year, the total import and export value of bonded logistics in Shanghai reached 534.97 billion yuan, an increase of 28.5%, accounting for 25.6% of the citys total import and export value, with a growth rate 17.1 percentage points higher than the overall rate.

Shanghais import and export with its major trading partners also showed steady progress. In the first half of the year, the total import and export value with the EU reached 430.46 billion yuan, an increase of 16.2%, accounting for 20.6% of the citys total import and export value. Meanwhile, import and export with ASEAN, the US, Japan, and Australia also increased.

Among export products, the new three electromechanical products showed strong export momentum. In the first half of the year, electromechanical product exports reached 589.59 billion yuan, an increase of 22%, accounting for 69.7% of the citys total export value. Among them, exports of electric passenger vehicles, lithium batteries,solarAnd other new three products increased by 171.8%, 189.7%, and 62.6%, respectively.

Among import products, consumer goods performed well. In the first half of the year, consumer goods imports reached 283.27 billion yuan, an increase of 16.4%, accounting for 22.7% of the citys total import value. Among them, imports of民生类商品 such as passenger vehicles, healthcare products, dairy products, edible aquatic products, and edible oil all saw significant growth.

The above content is sourced from Shanghai Customs.ZhongShen International TradeAs a one - stop importExport RepresentationThe service provider can provide customized import and export solutions for various industries. If you need foreign trade import and export agency services, please feel free to contact our company for business consultation. The consultation hotline is 139 - 1787 - 2118.