Pudong posts record foreign trade growth in first quarter
Pudong New Area posted robust foreign trade growth in the first quarter of 2026, with total imports and exports reaching 795.27 billion yuan ($117.43 billion), up 32.8 percent year-on-year, a new quarterly record for the area.
Exports amounted to 314.62 billion yuan, up 25.7 percent year-on-year, while imports reached 480.65 billion yuan, up 37.9 percent year-on-year. Both exceeded Shanghai and national averages, providing a solid foundation for Pudong’s full-year foreign trade performance.
Trade with emerging markets expanded rapidly. Exports and imports with ASEAN, Latin America, and Africa increased by 22.8 percent, 13.9 percent, and 65.8 percent, respectively. Trade with the European Union, Pudong's largest market, reached 124.02 billion yuan, up 19.9 percent year-on-year.
The "new three" products drove growth. Electric vehicle exports rose 1.4 times to 35.65 billion yuan, lithium battery exports rose nearly 70 percent, and photovoltaic product exports increased more than fivefold. These products extended Pudong's reach to global markets.
High-end manufacturing performed strongly. Exports of ships, marine engineering equipment, and shore cranes surged by more than 90 percent, while computer component exports increased 2.8 times, reflecting Pudong's role in global AI supply chains.
Companies attending the 139th Canton Fair reported stable orders and growing overseas interest. Pudong organized 130 enterprises, with firms focusing on new energy, intelligent robotics, cross-border e-commerce, and independent brand development to boost trade resilience.
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