China: Shanghai’s car exports climb in Jan.-Sep. period

2021-10-25 04:44:31

(MENAFN) On Monday, Oct. 25 Shanghai customs stated that the city exported 333,000 motorcars in the January-September period of this year, a rise by 164 percent from the corresponding period of 2020.

According to the customs, the whole value of these cars was 37.85 billion yuan (around USD5.92 billion), a rise by 224 percent year over year.

During the cited period, the European Union (EU) and Australia were the top two export markets for the city’s vehicles, receiving 67,000 and 53,000 vehicles, each. The numbers made up 36.2 percent of the city’s whole vehicle exports.

During the first nine months, Shanghai's import and export volume came to about USD457 billion, an increase by 15.4 percent year over year. The municipality's exports soared by 9.9 percent, whereas imports surged 19.1 percent.

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