General

According to statistics from Shanghai Customs, customs data shows that the total import and export value of Shanghai in the first five months of this year was RMB 1.74 trillion, an increase of 15.8% compared to the same period last year (the same below), with a growth rate of 11.1 percentage points higher than the national average and 12.6% higher than the same period in 2021, setting a new historical high. Among them, exports reached 70.2.37 billion yuan, an increase of 19.8%; Import reached 1.04 trillion yuan, an increase of 13.2%.

In May, Shanghai's import and export continued to grow rapidly, with a value of 348.08 billion yuan, a year-on-year increase of 26.2% and an increase of 8.3% compared to May 2021, setting a new historical high for four consecutive months. Among them, imports amounted to 204.35 billion yuan, a year-on-year increase of 20.3%; Export reached 143.73 billion yuan, a year-on-year increase of 35.5%.

The import and export growth rate of private and state-owned enterprises is relatively fast. In the first five months, Shanghai had 49000 foreign trade enterprises with import and export performance, an increase of 6.8%. Among them, the import and export of foreign-invested enterprises reached 1.02 trillion yuan, an increase of 9.8%, accounting for 58.5% of the city's total import and export value; The import and export of private enterprises reached 536.15 billion yuan, an increase of 25.8%, accounting for 30.8%; The import and export of state-owned enterprises reached 182.53 billion yuan, an increase of 23%, accounting for 10.5%.

The growth rate of bonded logistics import and export is the highest. According to customs data, in the first five months, Shanghai's general trade import and export reached 1.04 trillion yuan, an increase of 14.8%, accounting for 59.8% of the city's total import and export value. During the same period, the import and export of bonded logistics reached 445.36 billion yuan, an increase of 32.6%, accounting for 25.6%; The import and export of processing trade reached 242.33 billion yuan, a decrease of 2.8%, accounting for 13.9%.

Achieve import and export growth for all major trading partners. According to customs data, in the first five months, Shanghai's import and export to its largest trading partner, the European Union, amounted to 357.23 billion yuan, an increase of 19.1%, 3.3 percentage points higher than the overall growth rate, accounting for 20.5% of the city's total import and export value. During the same period, imports and exports to ASEAN, the United States, and Japan reached 221.64 billion, 2006.7 billion, and 161.82 billion yuan, respectively, an increase of 5.7%, 9.7%, and 14.3%. In addition, imports and exports to other RCEP member countries increased by 12.7%, accounting for 32.8%; Import and export to countries jointly building the "the Belt and Road" increased by 12%, accounting for 34.7%.

The export of the "new three samples" has significantly increased. According to customs data, in the first five months, Shanghai exported 490.53 billion yuan of mechanical and electrical products, an increase of 27%, accounting for 69.8% of the city's total export value. Among them, the exports of "new three types" such as electric manned vehicles, lithium batteries, and solar cells increased by 152.9%, 240.7%, and 80.4% respectively; The exports of integrated circuits and mobile phones increased by 10.6% and 4.3% respectively, while the exports of laptops decreased by 32.1%.

Consumer goods imports have resumed rapid growth. According to customs data, in the first five months, Shanghai imported consumer goods worth 236.55 billion yuan, an increase of 19.1%, accounting for 22.8% of the city's total import value. Among them, the import of passenger cars and healthcare products increased by 23.5% and 53% respectively, while the import of consumer goods closely related to people's lives such as cosmetics, meat, and dairy products increased by 6.6%, 3%, and 39.5% respectively. During the same period, the import of bulk resource commodities such as iron ore, natural gas, and coal increased by 17.1%, 16.5%, and 33.4%, respectively. (Source: Shanghai Customs)