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Shanghai ports up 21%

sourceļ¼šPeople”Æs Daily Online authorļ¼šGareth Powell timeļ¼š2007-10-22
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Shanghai ports had $378.17 billion in foreign trade in the first three quarters of this year.

That is up 20.9% on the same period of last year.

The total included $238.5 billion in export value, up 22.8%, and $139.68 billion dollars in import value, up 17.8%. September was the big month with figures reaching $17.63 billion dollars in September, up 15% year-on-year.

 
 

The two major trade partners between January and September were, unusually enough, the Republic of Korea and the European Union.

In the nine months bilateral trade between Shanghai and the European Union ports amounted to $81.88 billion, or 21.7% of Shanghai’s total external trade volume, up 30.2%. The growth rate was 9.3 percentage points higher than the year-earlier level.

According to the local customs sources, foreign-funded businesses made up for 74% of the external trade through Shanghai ports in the first three quarters, with a volume of $240.81 billion, up 20.7%.




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