SHANGHAI – Trade between Shanghai and Southeast Asia remains strong this year despite the Covid-19 pandemic, according to data from Shanghai Customs.
Shanghai imported goods worth more than 339.3 billion yuan (RM210.6 billion) from Asean in the first 11 months of the year, an increase of 6.1% from the same period in 2019, reported China’s Xinhua news agency.
Meanwhile, products worth 433.37 billion yuan were exported from Shanghai to Asean, down 4.1% year-on-year, partly due to the impact of the pandemic, said Shanghai Customs.
Integrated circuits were the largest category of commodities that Shanghai imported from Asean in the first 11 months of 2020, registering a total import value of 85.64 billion yuan.
The amount represents a 20.5% growth over the same period last year, and accounts for 25.2% of the total import value from Asean during the period.
Vietnam was Shanghai’s largest trading partner in the region from January to November, accounting for 27.4% of Shanghai’s total trade with Asean. – Bernama, December 26, 2020
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