Core Insights - Shanghai's import and export value reached 377.15 billion yuan in May, marking a year-on-year increase of 4.5%, with four consecutive months of positive growth in foreign trade [1] - In the first five months of the year, Shanghai's total foreign trade value was 1.8 trillion yuan, up 1.8% year-on-year, with exports at 787.38 billion yuan (up 11.5%) and imports at 994.6 billion yuan (down 4.8%) [1] - Private enterprises emerged as a new driving force for foreign trade, with their import and export value reaching 671.7 billion yuan in the first five months, a year-on-year increase of 22.2%, contributing 7 percentage points to the city's foreign trade growth [1] Trade Performance - In the first five months, the export of electromechanical products was 503.85 billion yuan, accounting for over 60% of the city's total exports, with May exports surpassing 100 billion yuan for three consecutive months [2] - Imports of consumer goods such as meat, dried and fresh fruits, and dairy products increased by 8.9%, 2.4%, and 24.3% respectively in the first five months [2] - The import of raw materials and equipment saw significant growth, with rubber, aircraft parts, audio-visual equipment, and industrial robots increasing by 59.6%, 29.9%, 18.2%, and 23.1% respectively [2] Market Diversification - Shanghai is actively expanding its diversified market, with imports and exports to countries involved in the Belt and Road Initiative reaching 734.63 billion yuan in the first five months, a year-on-year increase of 11.4%, accounting for over 40% of the total foreign trade value [1]