epa10987216 People walk over the
bridge in Shanghai, China, 21 November 2023. According to local
customs, Shanghai’s imports and exports during the first 10
months of this year reached a total of 3.51 trillion yuan, which
is roughly equivalent to 490.1 billion U.S. dollars. This
reflects a year-on-year increase of 1.9 percent. During this
period, Shanghai’s exports increased by 2.3 percent to 1.44
trillion yuan, while imports rose by 1.6 percent to 2.07
trillion yuan. Data from Shanghai Customs showed that Shanghai’s
trade with the European Union amounted to 711.15 billion yuan,
accounting for 20.2 percent of its total foreign trade volume
during the period. In the same period, Shanghai exported 1
trillion yuan worth of mechanical and electrical products, which
is 69.3 percent of the city’s total export value. At the same
time, the city imported 473.59 billion yuan worth of consumer
goods, accounting for 22.9 percent of the total import value.
EPA/ALEX PLAVEVSKI
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