Shanghai FTZ reports Jan-May foreign trade figures

The China (Shanghai) Free Trade Zone has released its foreign trade data for January to May, revealing important trends in its bonded areas. According to the General Administration of Customs, the combined import and export value across Shanghai's three key bonded areas reached 461.32 billion yuan ($63.48 billion), a 1.2 percent year-on-year increase.

The Waigaoqiao Bonded Area reported a total foreign trade of 394.07 billion yuan, a slight 0.4 percent rise from the previous year. Imports grew by 1.1 percent to 300.44 billion yuan, while exports fell by 1.9 percent to 93.63 billion yuan.

The Waigaoqiao Port Comprehensive Bonded Area saw a 2.5 percent year-on-year increase in total foreign trade, amounting to 15.81 billion yuan. Despite a 31.1 percent drop in imports to 5.71 billion yuan, exports surged by 41.6 percent to 10.1 billion yuan.

The Pudong Airport Comprehensive Bonded Area demonstrated robust growth, with total trade hitting 51.44 billion yuan, up 7.2 percent year-on-year. Imports soared by 22.1 percent to 21.45 billion yuan, while exports dipped slightly by 1.4 percent to 29.99 billion yuan.

Overall, imports across the three bonded areas totaled 327.60 billion yuan, a 1.4 percent year-on-year increase, while exports reached 133.72 billion yuan, up 0.6 percent.