Shanghai’s foreign trade hit a record high of 681.56 billion yuan (about 99.12 billion dollars) in the first two months of this year, with a slight year-on-year increase of 0.7 per cent.
Data from Shanghai Customs showed on Tuesday.
The customs authority said that during the period, the metropolis in eastern China saw imports rise 4.7 per cent year on year to 415.99 billion yuan, while its exports fell 4.9 per cent year on year to 265.57 billion yuan.
Private enterprises in Shanghai posted strong performance as their foreign trade reached around 208.48 billion yuan in the two months, up 13.1 per cent year on year, accounting for 30.6 per cent of the metropolis’s total trade value.
From January to February, Shanghai’s trade volume with other Regional Comprehensive Economic Partnership (RCEP) members reached 231.87 billion yuan, up 2.5 per cent year on year.
While its imports and exports volume with the European Union reached 137.45 billion yuan, a year-on-year increase of five per cent.
