China News Service, Shanghai, January 25 (Reporter Jiang Yu) Statistics released by Shanghai Customs on the 25th show that the total value of Shanghai’s imports and exports in 2020 will reach 3.48 trillion yuan (RMB, the same below), an increase of 2.3% over the previous year , A record high.
In 2020, Shanghai’s exports were 1.37 trillion yuan, basically the same as the previous year; imports were 2.11 trillion yuan, an increase of 3.8%; the trade deficit was 737.77 billion yuan.
That year, Shanghai used general trade to import and export 1.87 trillion yuan, an increase of 4.6%, accounting for more than half of the total import and export value in the same period; import and export by processing trade was 703.14 billion yuan, a decrease of 0.1%, accounting for 20.2% of the total import and export value.
In 2020, Shanghai's imports and exports with major trading partners will both maintain growth. Imports and exports to the largest trading partner, the European Union, are 698.01 billion yuan, an increase of 6.1%; imports and exports to ASEAN are 484.11 billion yuan, an increase of 3%; 6.3%.
In addition, imports and exports to Japan were 381.2 billion yuan, an increase of 2.8%.
In 2020, Shanghai exported 947.76 billion yuan of mechanical and electrical products, an increase of 0.1%, accounting for nearly 70% of Shanghai's total export value during the same period; the largest category of imported goods was integrated circuits, which imported 297.21 billion yuan that year, an increase of 13.2%.
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