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Foreign trade totals $468b in first three quarters

ezhejiang.gov.cn| Updated: October 19, 2021 L M S


Ships dock at Zhoushan Port. [Photo/WeChat account: china-zjftz]

The import and export values of East China's Zhejiang province expanded 22.8 percent in the first three quarters of this year to 3 trillion yuan ($467.87 billion), statistics from Hangzhou Customs showed.

The export value amounted to 2.16 trillion yuan, a year-on-year increase of 19.5 percent while the import value reached 833.01 billion yuan, a year-on-year increase of 31.9 percent.

Zhejiang's foreign trade in the second and third quarters were both record highs, coming in at 1.06 trillion yuan and 1.07 trillion yuan respectively.

The European Union and the United States are still the province's two largest trading partners with respective trading values of 485.77 billion yuan and 445.99 billion yuan, year-on-year increases of 18.7 percent and 21.4 percent.

Zhejiang's trade with the countries involved in the Belt and Road Initiative jumped 23.4 percent year-on-year to 1.02 trillion yuan while its trade with Regional Comprehensive Economic Partnership members increased 19.7 percent year-on-year to 762.22 billion yuan.

Exports of mechanical and electrical products as well as high-tech products surged 23.3 percent and 34.4 percent with a combined export value of 1.04 trillion yuan, accounting for 44.8 percent of Zhejiang's total export value.

The import and export values of private companies in Zhejiang totaled 2.26 trillion yuan, accounting for 75.3 percent of the province's total, while that of foreign-invested companies reached 486.11 billion yuan, a year-on-year increase of 23.4 percent.