A view of the Qiliao Port Area in Wenzhou, East China's Zhejiang province. [Photo/chinaport.cn]
Wenzhou Customs announced on April 25 that the eastern Chinese coastal city's import-export value grew 30.4 percent year-on-year to reach 64.16 billion yuan ($9.78 billion) in the first quarter of this year.
Import and export values rose 35.5 percent and 29.4 percent to 10.3 billion yuan and 53.86 billion yuan respectively.
Mechanical and electrical products and labor-intensive products remained the city's two major exports. They registered year-on-year growth rates of 29 percent and 27.9 percent to realize values of 28.07 billion yuan and 18.06 billion yuan respectively.
High-tech products also saw significant growth, rising 33.3 percent year-on-year to 1.89 billion yuan.
In terms of imported products, the combined value of ferroalloy, unwrought copper and copper materials, and steel was 5.89 billion yuan, accounting for 57.2 percent of the total import value of Wenzhou and driving the city's import growth by 13.7 percentage points.
Due to the COVID-19 resurgence in China, the value of consumer goods imports decreased by 17.5 percent to 1.14 billion yuan.
ASEAN, the European Union and the United States continued to be Wenzhou's top three export partners during this period. Their export values were 12.65 billion yuan, 9.5 billion yuan, and 8.07 billion yuan respectively.
Wenzhou imported 4.43 billion yuan, 1.15 billion yuan, 730 million yuan and 650 million yuan of goods from its four major import markets - ASEAN, Africa, Middle East and EU - up 30.1 percent, 4.8 percent and 93.8 percent and down 0.6 percent respectively.
Imports and exports to member countries of the Regional Comprehensive Economic Partnership agreement increased significantly by 50.5 percent to reach 20.91 billion yuan.
