Yiwu, East China's Zhejiang province, posted a 29.9 percent year-on-year increase in foreign trade in the first nine months of 2022, according to the latest data from Yiwu customs.

The total value of the city's imports and exports reached 354.19 billion yuan ($50.13 billion) during this period. Exports grew 25.4 percent year-on-year to 322.21 billion yuan, while imports surged 103.4 percent year-on-year to 31.98 billion yuan. Yiwu's foreign trade value accounted for 10 percent of the provincial total.

In the first three quarters of the year, foreign trade between Yiwu and Africa, Latin America, the European Union, the United States and ASEAN increased by 7.4 percent, 26.5 percent, 64.3 percent, 59.9 percent, and 12.6 percent, respectively, amounting to 59.84 billion yuan, 51.79 billion yuan, 46.95 billion yuan, 44.45 billion yuan and 38.32 billion yuan. Yiwu's trade with India surged 61.6 percent to 18.29 billion yuan,

During this period, Yiwu exported goods worth 240.6 billion yuan through market procurement trade, an annual increase of 19.1 percent and accounting for 74.7 percent of the city's total export value. Yiwu's general trade imports and exports increased by 51.6 percent to 97.93 billion yuan.

From January to September, the city's exports of mechanical and electrical products increased by 33.9 percent to 127 billion yuan, accounting for 39.4 percent of Yiwu's total export value and 49.2 percent of the city's export growth.