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Shanghai’s Foreign Trade with Belt and Road Initiative Countries Surpasses 27.92 Trillion Yuan in Past Decade

Shanghai, October 19, 2023 (Xinhua) – The eastern Chinese municipality of Shanghai recorded a cumulative total of its foreign trade with partner countries of the Belt and Road Initiative amounting to 27.92 trillion yuan (about 3.9 trillion US dollars) during the past decade, which constitutes more than a third of the total value of imports and exports. In this municipality.

In the first eight months of 2023, Shanghai’s trade with BRI partner countries reached more than 2.5 trillion yuan, up 6 percent year on year. The number grew by 180 percent compared to the same period in 2013, according to data recently released by Shanghai Customs.

In the January-August period of this year, Shanghai ports imported agricultural products worth more than 92.6 billion yuan from BRI partner countries, an increase of 17.1 percent year on year.

Meanwhile, local customs said that during this period, the municipality exported electric vehicles, lithium batteries and solar cells to BRI partner countries with values ​​of about 20 billion yuan, 27 billion yuan and 49 billion yuan respectively, with each of these figures indicating To strong year-on-year growth during the same period.

2023-10-19 01:51:30
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