Shanghai's high-end manufacturing expanded and traditional industries showed stable performance in international trade during the first 10 months of 2024, according to a recent report from Shanghai Customs.

Statistics show that the city's total import and export value for the first 10 months of the year reached 3.52 trillion yuan ($485.82 billion), marking a 0.3 percent increase compared to the same period last year. Specifically, exports grew by 2.9 percent, while imports saw a decline of 1.6 percent.

The data highlights significant growth in high-end manufacturing, particularly in the shipbuilding sector, which saw an impressive increase of 81.4 percent.

Traditional advantageous industries, including electromechanical products and textile and plastic goods, maintained stable export growth.

Source: thepaper.cn