Shanghai's export scale exceeded one trillion yuan in the first half of the year

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.
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 114 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.
Diversified and balanced trading partners. In the first half of the year, we have achieved import and export growth in over 200 countries and regions, with 36 partners having a foreign trade scale exceeding 10 billion yuan. On the one hand, imports and exports to traditional markets such as the European Union, Australia, and South Korea have all 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 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.
Cluster 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.