Shanghai off 25pc year on year, but up 34pc February to March

THE Port of Shanghai posted a monthly increase of 34.4 per cent in foreign trade value to US$38.92 billion in March, marking the first monthly rebound in eight months, reports Xinhua.

In March, the port's export value grew 46 per cent to $24.95 billion compared with the previous month, but 16.4 per cent lower year on year while the port's import value mounted 17.6 per cent monthly to $13.97 billion, but down 24.9 per cent year on year.

Shanghai port experienced a downward trend in exports to its traditional markets in the first quarter, but began to go up on entering March with export value totalling $21.34 billion, and narrowing 16.5 per cent over February's year-on-year decline of 34.5 per cent.

Source: Transportweekly