In the first seven months, Shanghai's import of leather and fur products from the EU totaled 11.2 billion yuan, surging by 94.8 per cent year on year.
In that duration, Shanghai's trade volume with France and Italy reached 61.21 billion yuan and 60.02 billion yuan respectively, growing by 39.1 per cent and 49.5 per cent year on year.
The customs department attributed the import growth to the rising power of Chinese customers and interest in imported garments. Exhibition platforms such as the China International Import Expo have also played an important role in introducing more and more EU products into China, a leading Chinese English-language daily reported.
Shanghai's trade volume with EU, Shanghai's biggest trading partner, hit 451.58 billion yuan in the first seven months, growing by 26 per cent year on year and accounting for 20.4 per cent of the city’s total foreign trade.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
