Shanghai foreign trade rises 17.9% as Pudong drives growth
Shanghai's imports and exports totaled 3.94 trillion yuan ($590.6 billion) in the first three quarters, up 17.9 percent year-on-year, according to Shanghai Customs. Pudong New Area accounted for 2.54 trillion yuan, up 24.2 percent, and contributed 14.8 percentage points to the city's trade growth.
In September, Shanghai's foreign trade exceeded 500 billion yuan for the first time, reaching 503.05 billion yuan, up 23.7 percent, with exports surging 39.5 percent.
High-end manufacturing and emerging industries drove export growth. Exports of solid-state drives, a key component of AI computing hardware, rose 1.6-fold to 67.43 billion yuan, while ship exports increased 52.3 percent to 53.46 billion yuan. AI and robotics contributed 11.6 percentage points to overall export growth. Exports to ASEAN and Latin America increased by 34.6 percent and 25.5 percent, respectively.
The city's 10 special customs supervision zones recorded 1.67 trillion yuan in trade, up 21.5 percent. Air freight reached 1.7 trillion yuan, up 28.7 percent, supported by Pudong International Airport's cargo capacity.
Customs officials expect exports to remain resilient in the fourth quarter, with products linked to new quality productive forces continuing to drive growth.
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