Foreign trade at Shanghai port up 20.3% in Jan, Feb

Foreign trade in China's Shanghai port saw a 20.3% yearly growth to reach US$91.06 billion in the first two months this year, according to the official statistics.

China's total trade value in the first two months hit US$365.93 billion, in which the foreign trade in Shanghai port accounted for 24.9% of the total. The surplus in the port surged 7.6% to US$26.12 billion, but the growth dropped 66.1% as compared with last year.

The exports surged 17.2% to US$58.59 billion, but dropped 20.7% compared with the same period of the previous year. Of the total exports, 60% derived from the mechanical and electronic products.

The imports surged 26.3% to US$32.47 billion, and up 10.8% compared with the same period of the previous year, according to the Shanghai Customs. In the two months, 549,000 tons of agricultural products were imported through the Shanghai port, up almost 30% year-on-year, and the average price surged 24.7% year-on-year.