Hangzhou's foreign trade continued to grow in the first three quarters of this year, with exports reaching 546.21 billion yuan ($81.90 billion), up 13.6 percent year-on-year. Total imports and exports rose 15.4 percent to 779.01 billion yuan, while imports increased 20 percent to 232.8 billion yuan.

In September, the city's monthly imports and exports exceeded 100 billion yuan for the first time, while exports surpassed 70 billion yuan, both setting new records.

Mechanical and electrical products accounted for 51.4 percent of exports, while high-tech product exports rose 32.2 percent. Exports of the "new trio" — electric vehicles, lithium-ion batteries, and photovoltaic products — surged 76.8 percent to 32.68 billion yuan. Electric vehicle exports jumped 125 percent.

Leapmotor's exports of new energy vehicles to the United Kingdom exceeded 2 billion yuan, more than quadrupling year-on-year.

Hangzhou also exported security products worth 20.19 billion yuan, up 4.9 percent, along with smart bionic robots and smart glasses valued at 810 million yuan and 140 million yuan, respectively.

Private enterprises remained the main driver of trade growth. Their imports and exports rose 43.7 percent to 542.27 billion yuan, accounting for 69.6 percent of the city's total.

Exports to emerging markets increased 14.2 percent to 276.05 billion yuan. Shipments to ASEAN rose 18.3 percent, while exports to the European Union, Hangzhou's largest export market, grew 16.5 percent.