China (Shanghai) Free Trade Zone achieved 747.53 billion yuan in imports and exports

According to statistics from Shanghai Port Customs Department, China (Shanghai) Pilot Free Trade Zone (hereinafter referred to as the "Free Trade Zone") has realized the total value of imports and exports in the first year since its listing (according to the monthly data from October 2013 to September 2014) 747.53 billion yuan, a year-on-year increase of 6.5%, 2 percentage points higher than the overall growth rate of Shanghai’s foreign trade import and export in the same period, accounting for 26.4% of Shanghai’s total import and export value during the same period, an increase of 0.5 percentage point from the year before listing. Among them, exports were 196.5 billion yuan (accounting for 15.4% of the city’s total export value), an increase of 10.3%, 9.5 percentage points higher than the overall growth rate of Shanghai’s exports over the same period; imports were 551.3 billion yuan (accounting for 35.5% of the city’s total import value), an increase of 10.3%. 5.2%.

In the first year of listing, the scale of import and export in the four quarters of the free trade zone has increased quarter by quarter, reaching 181.42 billion yuan, 185.19 billion yuan, 185.65 billion yuan and 195.27 billion yuan respectively. The import and export value in the third quarter of this year increased by 7.6 compared with the first quarter of listing. %.

The distribution function of imported consumer goods in the Free Trade Zone has been highlighted. In the first year, imported consumer goods were 111.98 billion yuan (accounting for 41.2% of the city's total consumer goods imports), an increase of 22.2%, an increase of 13.1 percentage points from the year before listing. Among them, passenger cars and medical and healthcare products imported 41.94 billion yuan and 26.5 billion yuan, an increase of 65.1% and 25.3% respectively. In addition, imports of unforged holes and materials were 58.29 billion yuan, an increase of 22%; aircraft imports were 21.15 billion yuan, a surge of 1.6 times. During the same period, the export of the free trade zone was dominated by mechanical and electrical products. The total export of mechanical and electrical products was 144.12 billion yuan, an increase of 8.3%, accounting for 73.3% of the total export value of the free trade zone in the same period.

In the past week, the four special customs supervision areas in the free trade zone have achieved year-on-year growth in imports and exports. Among them, the import and export value of the Waigaoqiao Free Trade Zone ranked first, with a cumulative import and export value of 594.68 billion yuan, an increase of 0.9%, accounting for 79.6% of the total import and export value of the Free Trade Zone in the same period; the import and export value of the Yangshan Free Trade Port Zone was 76.22 billion yuan, an increase of 25.9% The import and export of the airport comprehensive protection zone was 42.2 billion yuan, a surge of 1.1 times, the highest growth rate among the four special customs supervision areas in the free trade zone; the import and export of the bonded logistics park was 34.43 billion yuan, which was reversed from the 34.5% decline in the previous year. An increase of 11%.

Imports and exports to developed economies in Europe and America have increased by more than 20%. In the past week, the free trade zone's imports and exports to the EU were 172.03 billion yuan, an increase of 21.3%, accounting for 23% of the total import and export value of the free trade zone in the same period; imports and exports to ASEAN were 121.13 billion yuan, a decrease of 19.3%; imports and exports to the United States and Japan were respectively 85.49 billion yuan and 84.23 billion yuan, an increase of 24% and 1% respectively.

Both newly registered enterprises and enterprises with actual business performance have increased rapidly, and the leading position of foreign-invested enterprises has been further strengthened. As of September 29, 2014, the total number of registered companies in the Free Trade Zone has reached 11,516, of which 6,423 have been newly registered since the listing, an increase of 7.2 times over the previous year. In the first week, the number of enterprises in the zone with actual import and export operations increased from 3574 to 3980, of which 2802 were foreign-invested enterprises, with a total import and export value of 611.32 billion yuan, which accounted for the total import and export value of the free trade zone from the previous year. 80% increased to 81.8%; the import and export of private enterprises was 80.01 billion yuan, a slight increase of 0.1%, and the import and export of state-owned enterprises was 56.17 billion yuan, a decrease of 6.7%.