Trade between ASEAN, China’s Shanghai remains strong despite pandemic
Trade between the Association of Southeast Asian Nations (ASEAN) and China’s Shanghai remained strong this year despite being affected by the COVID-19 pandemic, according to Xinhua news agency, which quoted data from Shanghai Customs.
Trade between the Association of Southeast Asian Nations (ASEAN) and China’s Shanghai remained strong this year. (Photo: Xinhua/VNA)
Hanoi (VNA) – Trade between the Association of Southeast AsianNations (ASEAN) and China’s Shanghai remained strong this year despite beingaffected by the COVID-19 pandemic, according to Xinhua news agency, whichquoted data from Shanghai Customs.
Shanghai imported more than 339.3 billion CNY (51.9 billion USD) worth ofproducts from ASEAN in the first 11 months of this year, a year-on-year surgeof 6.1 percent.
Meanwhile, the city earned 433.37 billion CNY from exports to ASEAN, down 4.1percent year on year, partly due to the impact of the pandemic.
Integrated circuits werethe largest category of commodities Shanghai imported from ASEAN in the 11-monthperiod, which registered a total import value of 85.64 billion CNY. The amountrepresented a 20.5-percent growth over the same period last year and accountedfor 25.2 percent of the total import value from ASEAN during the period.
Vietnam was Shanghai's largesttrade partner in the ASEAN region from January to November, accounting for 27.4percent of Shanghai's total trade with ASEAN./.
Economic ministers from member states of the Association of Southeast Asian Nations (ASEAN) and China on August 27 welcomed the robust growth of bilateral trade and investment despite impacts of the COVID-19 pandemic.
The Association of Southeast Asian Nations (ASEAN) has maintained its position as China’s leading trade partner with two-way trade hitting 416.6 billion USD in the January-August period, according to the General Administration of Customs of China.
Trade between the Association of Southeast Asian Nations (ASEAN) and China in the first three quarters of the year reached 481.8 billion USD, accounting for one seventh of China's foreign trade, said Chinese Ambassador to ASEAN Deng Xijun.
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Trade between the Association of Southeast Asian Nations (ASEAN) and China’s Shanghai remained strong this year. (Photo: Xinhua/VNA) 
