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Zhejiang Witnesses Rapid Growth in Foreign Trade 1st Quarter
2018-04-19 09:36:15

According to the press conference on 1st quarter foreign trade of the province on 17 April, the total import and export value of the province in the 1st quarter amounts to 621.13 billion yuan, with a year-on-year growth of 10.9%, of which the export value hits 452.49 billion yuan with a year-on-year growth of 9.3% and the import value amounts to 168.64 billion with a year-on-year growth of 15.3%. The total import and export value, the export value and the import value ranks respectively No. 4, 3 and 6 in the country, which is 9.2%, 12.8% and 5.2% of the total value of the whole country in the same period. The growth rate of the total export and import value and the export value ranks first in the coastal areas, and that of the import value ranks the second.
“The province saw a growth rate of 6.5% in export to the U.S. in the 1st quarter, accounting for 15.6 % of the total export and import value of the province. Meanwhile, with the steady development of the ‘Belt and Road Initiative’, the province developed new markets actively. According to statistics from Hangzhou Customs, in the first quarter, the total trade with the “Belt and Road” countries amounted to 201.05 billion yuan, with a year-on-year growth of 15.9%, accounting for 10.8% of the total trade of the whole country with the “Belt and Road” countries. Meanwhile, the trade with the new markets of ASEAN, Latin America and Africa grew 23.0%, 24.7% and 23.8% respectively, which contributes 5.8% to the foreign trade grow of the whole province.

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