Statistics from the Shanghai Customs show, from January to May, the city's foreign trade value rose 26.6 per cent up to US$245.5 billion, 7.4 per cent faster than the growth in the same period last year, taking up 24.3 per cent in China's trade value total, Logistics Week reported.
Export value rose 28.2 per cent to $155.7 billion. Import value went 23.9 per cent up to $89.8 billion.
The European Union was Shanghai's largest trade partner. Bilateral trade with the EU jumped 33.1 per cent in value up to $55.3 billion, 5.2 per cent faster than the growth in the same period a year ago. US was the second largest with a trade value of $41.5 billion, up 15.9 per cent. Trade with Japan climbed 22.4 per cent to $34 billion. Trade with Asean increased 31.8 per cent to $24.4 billion.
Africa was the fastest growing among all Shanghai's trading partners. Trade with Africa soared 60.2 per cent up to $6.1 billion. The growth was 43.8 per cent faster year on year.
In May, Shanghai's trade value increased 35.6 per cent to $51.8 billion, 16.5 per cent faster than year on year and 11 per cent faster than the average growth from January to April.
Export value rose 28.2 per cent to $155.7 billion. Import value went 23.9 per cent up to $89.8 billion.
The European Union was Shanghai's largest trade partner. Bilateral trade with the EU jumped 33.1 per cent in value up to $55.3 billion, 5.2 per cent faster than the growth in the same period a year ago. US was the second largest with a trade value of $41.5 billion, up 15.9 per cent. Trade with Japan climbed 22.4 per cent to $34 billion. Trade with Asean increased 31.8 per cent to $24.4 billion.
Africa was the fastest growing among all Shanghai's trading partners. Trade with Africa soared 60.2 per cent up to $6.1 billion. The growth was 43.8 per cent faster year on year.
In May, Shanghai's trade value increased 35.6 per cent to $51.8 billion, 16.5 per cent faster than year on year and 11 per cent faster than the average growth from January to April.