SHANGHAI, October 25 (CEIS) -- China’s commercial hub Shanghai racked up 165.6 billion U.S. dollars of foreign trade in the January to September period, nearly 70 percent of which was contributed by foreign-invested companies, said the municipal statistical bureau on Tuesday.
Sales are up 21.4 percent on the same period last year, the bureau added.
Export turnover from Shanghai’s foreign-funded companies reached 54.8 billion U.S. dollars, a year-on-year growth of 22.5 percent.
Imports reached 56 billion U.S. dollars, up 21.6 percent.
Mechanical and electrical products still dominate the metropolis’ foreign trade figures, contributing a massive 107.5 billion U.S. dollars, or about 65 percent of the total.
The United States is still Shanghai’s largest export market with 20.4 billion U.S. dollars. The city imported 14.1 billion U.S. dollars of goods from Japan between January and September, the bureau said.