Shanghai: Abundant vitality of foreign trade entities, outstanding performance of private enterprises
In the Yangtze River Delta region, Shanghai is not only an important hub for global resource allocation, but also an important gateway for opening up to the outside world, providing a core support for foreign trade that integrates port, financial, and shipping services for cities in the region. In the first three quarters of this year, Shanghai's foreign trade continued to maintain an upward trend, with the import and export scale reaching a new historical high for the same period.
In the first three quarters of this year, Shanghai's imports and exports reached 3.34 trillion yuan, a year-on-year increase of 5.4%, with a growth rate 0.9 percentage points faster than the previous eight months. Among them, exports achieved double-digit growth, with exports reaching 1.48 trillion yuan, an increase of 11.3%; Imports amounted to 1.86 trillion yuan, an increase of 1.1%. The trade performance in markets such as ASEAN, the Middle East, and Africa is very strong, with imports and exports increasing by 12.5%, 22.9%, and 32.5% respectively
Qu Huili, Director of the Statistics and Analysis Department of Shanghai Customs: In the first three quarters, the vitality of Shanghai's foreign trade entities was abundant, especially the outstanding performance of private enterprises, achieving import and export of 1.32 trillion yuan, a year-on-year increase of 27.1%, driving Shanghai's foreign trade growth by 8.9 percentage points, which is an important force supporting foreign trade growth
Shanghai Port: Container throughput exceeded 40 million TEUs in the first three quarters
The busy operation of the port terminals also witnesses the vitality of Shanghai's foreign trade. In the first three quarters of this year, the container throughput of Shanghai Port exceeded 40 million TEUs, reaching 41.536 million TEUs, setting a new historical high for the same period. Shanghai Port has been the world's largest port in terms of container throughput for 15 consecutive years.
Customs data shows that in the first three quarters, ASEAN was the largest trading partner in the Yangtze River Delta region, with imports and exports reaching 2.01 trillion yuan, a year-on-year increase of 18.9%; The import and export of RCEP member countries, five Central Asian countries, and African countries increased by 10.9%, 75.2%, and 19.8% respectively.
Taking Jiangsu as an example:
According to statistics from Nanjing Customs, the total import and export value of Jiangsu Province in the first three quarters of this year was 4.38 trillion yuan, a year-on-year increase of 6.4%, and the scale reached a new historical high for the same period. Among them, the export performance is particularly impressive, achieving a double-digit growth of 10.4% with a scale of 2.92 trillion yuan, and the resilience of foreign trade continues to be highlighted.
From the perspective of trade partners, the joint construction of the "the Belt and Road" countries has become a new growth point.
In the first three quarters, Jiangsu's import and export to countries jointly building the "the Belt and Road" totaled 2.19 trillion yuan, a year-on-year increase of 12.3%, accounting for more than 50% of the total import and export value of Jiangsu Province, directly driving the growth rate of Jiangsu's import and export by 5.9 percentage points. Among them, imports and exports to ASEAN amounted to 791.73 billion yuan, a significant increase of 22.8% year-on-year, and the vitality of regional cooperation continued to be released.
In terms of export product structure, the pulling effect of mechanical and electrical products is particularly significant. In the first three quarters, Jiangsu's exports of mechanical and electrical products reached 2.04 trillion yuan, a year-on-year increase of 12.6%, accounting for nearly 70% of Jiangsu's total export value and driving export growth by 8.7 percentage points.
In the segmented fields, the export of electrical equipment and ships has shown strong momentum, achieving year-on-year growth of 21% and 38.3% respectively, becoming important growth points for foreign trade exports.
