According to Shanghai Customs statistics, from January to May this year, Shanghai's cumulative import and export volume reached 2.1 trillion yuan, a year-on-year increase of 17.9%, achieving a growth rate higher than the national average (15.3%) despite the large base. As of May this year, Shanghai's foreign trade has maintained consecutive growth for 16 months.
Shanghai's import and export performance against the U.S. has been particularly impressive, with a 14.8% increase in foreign trade volume in May this year, and exports surging by 43.1%. Meanwhile, Shanghai's trade with other major economies also saw growth in May, reaching 70.11 billion yuan with ASEAN and increasing by 26.4%, while trade with the EU amounted to 69.57 billion yuan, rising by 2.6%.
Driven by the boom in the artificial intelligence industry, Shanghai's integrated circuits, memory components, and accessories for automatic data processing equipment have become "growth drivers." From January to May this year, their imports and exports increased by 25.6%, 170%, and 900% respectively, boosting the city's total foreign trade by 10.5 percentage points.
Seizing the opportunity of rising global traditional energy prices, Shanghai has achieved a dual leap in both the scale and quality of its new energy product exports. Data shows that in May this year, Shanghai's "three new items" (electric vehicles, lithium batteries, and photovoltaic products) collectively exported goods worth 21.94 billion yuan, marking a 61.6% increase. Notably, Shanghai is advancing the large-scale export of robots. Statistics indicate that in the first five months of this year, Shanghai's port exported various separately listed robots totaling 8.36 billion yuan, reaching 113 countries and regions worldwide, accounting for over 40% of the national robot export total—ranking first in the country.


Email:victor.yang@e-suntrade.com
TEL:0086-13311773006