Hangzhou’s foreign trade increased by 30.8% in the first half of the year

The imports and exports of Hangzhou, capital city of East China’s Zhejiang province, surged 30.8 percent year-on-year to 345.1 billion yuan ($53.4 billion) in the first half of the year, statistics from Qianjiang Customs show.

The exports expanded 29.4 percent year-on-year to 213.51 billion yuan during the same period while the imports jumped 33.1 percent year-on-year to 131.59 billion yuan.

Hangzhou has maintained a double-digit increase in foreign trade monthly since February. In June, the city’s monthly foreign trade value exceeded 40 billion yuan for the first time.

In the first six months of this year, stay-at-home products proved to be popular among overseas consumers due to the impact of the pandemic.

Statistics show that the exports of furniture and plastic products in Hangzhou increased 49.1 percent and 33.4 percent respectively in the Jan-June period.

The city exported 92.85 million yuan worth of mechanical and electronic products during the same period, a year-on-year increase of 29 percent and accounting for 43.5 percent of Hangzhou‘s total export value.

The foreign trade of private companies in the city totaled 198.79 billion yuan in the first half of the year, a year-on-year increase of 30.3 percent, including 150.3 billion yuan worth of exports.

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