Shanghai Sees Record-High Growth in Foreign Trade in 2021

Publish: 12:46 PM, February 3, 2022

Sino Bangla Online Desk: China’s economic hub Shanghai registered a record import and export volume of CNY10.09 trillion (about USD1.58 trillion ) in 2021, up 15.4 percent year on year, local authorities said yesterday.

According to data released by the Shanghai Municipal Commission of Commerce, the city’s export volume totaled CNY5.74 trillion last year, up 15.2 percent on a yearly basis. Meanwhile, its import volume increased by 15.6 percent to reach CNY4.35 trillion.

The trade surplus was widened by 13.9 percent to CNY1.39 trillion during the same period.

Shanghai has always been one of the world’s most influential financial and transport centers. The city’s import and export volume in 2021 accounted for over 3.2 percent of the world’s total.

In 2021, the port of Shanghai notched up an annual container throughput of more than 47 million 20-foot equivalent units (TEUs), while over 32.2 million passengers traveled through the Shanghai Pudong International Airport.

News Source: Xinhua News Agency