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Shanghai Jan.-Sept. foreign trade up 43%
(Xinhua)
Updated: 2004-10-14 13:18

Shanghai recorded 206.5 billion US dollars in foreign trade in the first three quarters of this year, a year-on-year growth of 43 percent.

The trade volume is already US$5.3 billion more than that for the whole of last year, according to local customs sources.

The total trade included US$90.5 billion in import value and nearly US$116 billion in export value -- US$1.6 billion and US$3.7 billion, respectively, more than the whole-year level in 2003.

In the three-quarter period, foreign-invested businesses made up more than US$128.1 billion, or 62 percent, of Shanghai's total foreign trade, the customs sources said. The amount was 54percent higher than the year-earlier level.

From January to September, private companies realized US$16.6 billion in foreign trade, up 120 percent year-on-year.

The European Union, Japan and the United States remained Shanghai's top three trade partners, the customs sources said.

In the first nine months, Shanghai's foreign trade with the EU amounted to US$42.1 billion, up 39 percent year-on-year. The city's trade with Japan stood at US$37 billion, up 34 percent. Trade between the city and the United States rose 28 percent to US$35.9 billion, the sources added.

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