Hangzhou foreign trade registers 9.4% growth in H1
en.hangzhou.com.cn   2022-07-29 11:55   Source: www.ehangzhou.gov.cn

Hangzhou customs announced on July 27 that the value of the city's imports and exports reached 380.15 billion yuan ($56.22 billion) in the first half of this year, growing 9.4 percent year on year and accounting for 16.8 percent of Zhejiang province's total.

The city's foreign trade faced issues related to a COVID-19 resurgence and showed strong resilience in its development.

In the first half of this year, Hangzhou's exports achieved double-digit growth every month expect April. In June, the city's exports reached 49.56 billion yuan, a year-on-year increase of 22 percent, the second highest in history after January's 51.92 billion yuan.

In this same period, Hangzhou's manufacturing exports reached 255.95 billion yuan, up 25.2 percent and accounting for 97.2 percent of the city's total exports. High-tech products accounted for the highest export value in the manufacturing sector, generating 60.15 billion yuan, while clothing, shoes and hats, luggage and toys followed closely with an export value of 19.87 billion yuan.

The European Union, ASEAN and the United States were Hangzhou's top three trade partners, with imports and exports reaching 66.16 billion yuan, 53.02 billion yuan and 50.65 billion yuan, respectively, up 12.8 percent, 2.3 percent and 18.8 percent year on year.

The city is home to 13,000 enterprises that have profited from imports and exports, an increase of 5.6 percent and accounting for 14.9 percent of the province's total. Of this, the imports and exports of private enterprises reached 231.32 billion yuan, up 15.9 percent year on year.

Author:   Editor: Li Jiameng