Shanghai's Foreign Trade Up 5.9 Percent In August
Mohammad Ali (@ChaudhryMAli88) Published September 18, 2020 | 06:41 PM
Shanghai's foreign trade grew by 5.9 percent year on year to reach 312.51 billion yuan (around 46.25 billion U.S. dollars) in August, with its exports and imports both registering robust increases, the city's customs said on Friday
SHANGHAI, (UrduPoint / Pakistan Point News - 18th Sep, 2020 ) :Shanghai's foreign trade grew by 5.9 percent year on year to reach 312.51 billion Yuan (around 46.25 billion U.S. Dollars) in August, with its exports and imports both registering robust increases, the city's customs said on Friday.
Among the trade, exports totaled 121.87 billion yuan, up by 5.8 percent year on year. Imports notched up 190.64 billion yuan, up by 5.9 percent.
In the first eight months of this year, Shanghai achieved a total import and export volume of 2.
19 trillion yuan, up by 0.5 percent year on year.
The European Union, Shanghai's largest trading partner, reported imports and exports totaling over 417.7 billion yuan between Jan.-Aug., accounting for 19 percent of the city's total foreign trade.
Shanghai's exports mainly consist of mechanical and electrical products, accounting for 67.8 percent of the city's total export volume in the first eight months. The city also reported varying strong growth in imports of high-tech products, cosmetics, and meat, during the period.
Recent Stories
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
Pandemic accord talks heading for extra time
Khawaja reiterates PM commitment to judiciary
More Stories From Business
-
Pakistan retains position in FTSE secondary emerging market
8 hours ago -
Pakistan retains position in FTSE secondary emerging market
8 hours ago -
China's competitive car market at heart of global EV revolution
8 hours ago -
China's Xiaomi enters car market with new electric vehicle
8 hours ago -
Pak-Türkiye strategize to boost bilateral trade to $5 billion
10 hours ago -
Chief Representative of CFFEX in Pakistan and PSX Director meet Finance Minister
10 hours ago
-
Banks to open on March 30, 31 to facilitate tax collection
11 hours ago -
Stock markets rise before Easter break
11 hours ago -
NCA approves revised first quarter GDP estimates for 2023-24
11 hours ago -
26% increase on tobacco tax can reduce PKR 300bn in health cost
12 hours ago -
Minister expresses anguish over alleged use of poor-quality material
13 hours ago -
Commerce Minister initiates push for E-commerce growth with in-house briefing
13 hours ago