Shanghai's economy got off to a good start in the first quarter, strong growth in goods imports and exports

April 26, 2026, 9:00 AM

China News Service

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In the first quarter of 2026, Shanghai's economic operation showed a good start. According to data released by the Shanghai Municipal Bureau of Statistics on the 22nd, the regional GDP reached 1352.691 billion billion yuan, a year-on-year increase of 5.9 percent at constant prices. Among them, the added value of the primary industry was 2.133 billion yuan, an increase of 3.4 percent; the added value of the secondary industry was 250.932 billion yuan, an increase of 5.2 percent; and the added value of the tertiary industry was 1099.626 billion yuan, an increase of 6.0 percent. The leading industry has become an important support for the steady economic growth. The manufacturing output value of the three leading industries increased by 16.1 year-on-year, which was significantly higher than the city's industrial average by 10.5 percentage points. Specifically, the output value of the integrated circuit manufacturing industry increased by 21.3, benefiting from the release of advanced process capacity and the acceleration of the localization process; the output value of the biomedical manufacturing industry increased by 9.6, of which the output value of therapeutic biological products and medical imaging equipment increased by 19.6 and 16.9, respectively.%; The output value of artificial intelligence manufacturing industry increased by 19.2 per cent. In the service industry, emerging momentum continued to strengthen. From January to February, in the software and information technology service industry, the operating income of the intelligent computing center and the Internet life service platform increased by 42.2 and 15.0 respectively. Investment in information transmission, software and information technology services increased by 1.6 times compared with the same period last year, and investment in power construction increased by 1.2 times. In terms of foreign trade, the import and export of goods increased strongly, reaching 1.23 trillion billion yuan in the first qua

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　　China News Service, Shanghai, April 22 (Reporter Li Shuzheng) The Shanghai Municipal Bureau of Statistics released the economic performance of Shanghai for the first quarter of 2026 on the 22nd. The data shows that Shanghai's economy has had a good start, with emerging drivers of growth continuing to strengthen.

　　According to the unified calculation results of regional GDP, in the first quarter, Shanghai achieved a regional GDP of 1,352.691 billion yuan (RMB, the same below), an increase of 5.9% year-on-year at constant prices. By industry, the added value of the primary industry was 2.133 billion yuan, an increase of 3.4%; the added value of the secondary industry was 250.932 billion yuan, an increase of 5.2%; and the added value of the tertiary industry was 1,099.626 billion yuan, an increase of 6.0%.

　　Leading industries strongly supported the steady growth of Shanghai's economy. In the first quarter, the output value of Shanghai's three leading manufacturing industries increased by 16.1% year-on-year, with the growth rate 10.5 percentage points higher than the city's average industrial growth rate.

　　The Shanghai Municipal Bureau of Statistics stated that, benefiting from the continuous release of advanced process capacity and the accelerated localization of key materials and equipment, the output value of Shanghai's integrated circuit manufacturing industry grew by 21.3% in the first quarter of this year. Thanks to accelerated breakthroughs in cutting-edge fields such as cell and gene therapy and high-end medical devices, the output value of Shanghai's biopharmaceutical manufacturing industry grew by 9.6% in the first quarter of this year, with the output value of therapeutic biological products and medical imaging equipment increasing by 19.6% and 16.9%, respectively. Meanwhile, the output value of artificial intelligence manufacturing grew by 19.2%.

　　The momentum for the development of emerging service industries has been accumulating and strengthening. From January to February this year, the operating income of Shanghai's software and information technology service industry, including intelligent computing centers and internet life service platforms, increased by 42.2% and 15.0% year-on-year, respectively. Centered on innovation chains and industrial chains in computing power clusters and IDC data center layouts, investment in Shanghai's information transmission, software, and information technology service industries increased by 1.6 times year-on-year, while investment in power construction increased by 1.2 times.

　　At the same time, Shanghai's goods imports and exports showed strong growth, with the "new three items" (electric passenger vehicles, lithium-ion batteries, and solar batteries) performing remarkably in exports. In the first quarter of this year, Shanghai's total goods import and export volume reached 1.23 trillion yuan, an increase of 21.9% year-on-year. Among them, the export value of goods was 540 billion yuan, an increase of 16.3%, and the import value of goods was 690 billion yuan, an increase of 26.6%. The export value of "new three items" products was 56.522 billion yuan, a year-on-year increase of 1.2 times, with the export value of electric vehicles growing by 1.4 times. (End)

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