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Author Topic: Shanghai-ASEAN trade continues to grow strong Despite being affected by covid  (Read 993 times)

Tari

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Shanghai-ASEAN trade continues to grow strong Despite being affected by the coronavirus

Xinhua news agency reported the release of the East China's Shanghai City Customs said. Trade between Shanghai and the Association of Southeast Asian Nations or ASEAN Continues to grow strongly this year Even affected by the COVID-19 epidemic

Shanghai imported goods from ASEAN in the first 11 months of this year, amounting to more than 349 billion yuan (about 1.55 trillion baht), an increase of 6.1 percent compared to the same period last year. Meanwhile, Shanghai exports to ASEAN worth 4.33 billion yuan (about 1.99 trillion baht), down 4.1% year-on-year. This is partly due to the impact of the COVID-19 epidemic.

Integrated circuit products were the largest commodities that Shanghai imported from ASEAN in the first 11 months of this year. Imports amounted to 8.5.6 billion yuan (about 3.93 billion baht), an increase of 20.5 percent from the same period last year and accounted for 25.2 percent of Shanghai's total imports from ASEAN during the period.

Vietnam was Shanghai's largest trading partner in the first 11 months of this year. The trade value represents 27.4% of the total trade value between Shanghai and ASEAN.

The ASEAN Group consists of Brunei, Cambodia, Indonesia, Laos, Myanmar, Malaysia, Philippines, Singapore, Thailand and Vietnam.



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