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Shanghai ports post 21% growth in external trade volume
POSTED: 11:22 a.m. EDT, October 23,2007
Ports at Shanghai reported 378.17 billion U.S. dollars in foreign trade in the first three quarters of this year, a growth of 20.9 percent on the same period of last year, local customs sources said Saturday.

The total included 238.5 billion U.S. dollars in export value, up 22.8 percent, and 139.68 billion dollars in import value, up 17.8 percent.

The sources said the imports reached a record high at 17.63 billion dollars in September, up 15 percent year-on-year.

Between January and September, Shanghai saw the European Union and the Republic of Korea (ROK) as its two major trade partners.

Bilateral trade between Shanghai and the European Union ports amounted to 81.88 billion U.S. dollars, or 21.7 percent of Shanghai's total external trade volume, in the nine months, up 30.2 percent. The growth rate was 9.3 percentage points higher than the year-earlier level.

The exports from Shanghai ports to the EU stood at 55.47 billion dollars, up 32.4 percent, and imports from the EU, at 26.4billion dollars, up 25.9 percent.

From January to September, the ports imported 14.78 billion dollars worth of goods from ROK, up 15.2 percent. The growth rate was 10 percentage points higher than the year-earlier level.

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

From: xinhua
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