In the first half of this year, Shanghai's foreign trade import and export reached 2.55 trillion yuan, a year-on-year increase of 18.6%

According to Shanghai Customs statistics, in the first half of this year, Shanghai's foreign trade imports and exports amounted to 2.55 trillion yuan, a year-on-year increase of 18.6%, of which exports amounted to 1.14 trillion yuan, an increase of 20.1%; Imports amounted to 1.41 trillion yuan, an increase of 17.4%; To achieve coordinated efforts and balanced improvement in both import and export, fully demonstrating the strong resilience, vigorous vitality, and solid development potential of Shanghai's economy. Specifically, there are several characteristics:

Firstly, the overall foreign trade market is steadily growing. Firstly, 'stability' is reflected in scale. In the first half of the year, Shanghai's import and export scale, export scale, and import scale all reached historic highs, with exports breaking the trillion yuan mark for the first time, doubling from less than 600 billion yuan 10 years ago (the first half of 2016) to 1.14 trillion yuan. Secondly, 'stability' is reflected in the trend. As of June, Shanghai's monthly imports and exports have continued to grow year-on-year for 17 consecutive months, maintaining a double-digit growth trend for all six months of the year. Exports have also continued to grow year-on-year for 21 consecutive months, fully demonstrating the solid foundation and strong resilience of Shanghai's foreign trade in dealing with complex environments.

The second is a diversified and balanced trading partner. Faced with a complex environment such as the increasing risk of global trade protectionism, Shanghai's foreign trade pattern is moving towards a more diversified and balanced pattern. In the first half of the year, it has achieved import and export growth to more than 200 countries and regions, and the number of partners with foreign trade scale exceeding 10 billion has reached 36. On the one hand, imports and exports to traditional markets such as the European Union, Australia, and South Korea have maintained growth, totaling 757.7 billion yuan, an increase of 29.1%; On the other hand, emerging markets are becoming an indispensable stabilizing force from the cultivation sector in the past: the proportion of imports and exports to countries jointly building the "the Belt and Road" has further increased to 41.8% on the basis that the total foreign trade value of Shanghai exceeded 40% for the first time in the same period last year; The import and export scale of ASEAN, Latin America, Africa and other countries have all reached new highs.

The third is the integration and advancement of multiple industry tracks. At present, the new quality industry is shifting from "accumulating momentum" to "increasing volume", from "unipolar dependence" to "multi-point flowering". New tracks such as artificial intelligence and robotics are working in both directions with traditional tracks such as ships and automobiles. The integration and symbiosis of new and old industries have become the driving force and confidence for Shanghai's foreign trade to improve. On the one hand, the AI computing power industry chain has become an important growth driver. The export of AI related products such as servers, optical transceiver modules, integrated circuits, industrial grade transformers, and energy storage batteries has achieved rapid growth. At the same time, the robotics industry is thriving, with exports of industrial robots, intelligent bionic robots, and surgical robots increasing by 1.2 times. Among them, exports of surgical robots have shown an explosive growth of 2.4 times. On the other hand, traditional manufacturing industries such as automobiles and ships maintained rapid growth in exports, with exports of automobiles and ships reaching 99.01 billion yuan and 32.11 billion yuan respectively in the first half of the year, an increase of 81.6% and 42.5%.

The fourth is the clustering and development of multiple trade formats. The advantages of Shanghai as an international gateway hub continue to be released, and its position as the Asia Pacific distribution center for bulk commodities and electronic components continues to strengthen, driving a 36.4% increase in the import and export scale of bonded logistics in the first half of the year, reaching 755.83 billion yuan, and driving the overall growth of foreign trade in the city by 9.4 percentage points during the same period. In addition, the supervision of cross-border e-commerce imports and exports at Shanghai ports has exceeded 100 billion yuan, and local enterprises in Shanghai have historically exceeded 30 billion yuan in cross-border e-commerce imports and exports through measures such as overseas warehouses and dedicated logistics, with a growth rate of 1.2 times, becoming a new increment in foreign trade development.