Meishan container terminal at Ningbo-Zhoushan Port in Ningbo, East China's Zhejiang province, on Oct 17, 2025. [Photo/IC]

Zhejiang's imports reached 1.36 trillion yuan (approximately $190 billion) in 2025, as the province's foreign trade maintained steady growth amid a complex global environment, according to data released by Hangzhou Customs.

In 2025, Zhejiang's total imports and exports totaled 5.55 trillion yuan, up 5.4 percent year-on-year. Imports rose 0.3 percent to 1.36 trillion yuan, while exports exceeded 4 trillion yuan for the first time, reaching about 4.19 trillion yuan.

The import structure continued to improve, driven by strong demand for machinery and high-tech products.

Imports of mechanical and electrical products rose 21.2 percent to 241.82 billion yuan. Integrated circuits, flat panel display modules, and semiconductor manufacturing equipment increased 42.9 percent, 20.7 percent, and 12.2 percent, respectively.

Imports of high-tech products reached 112.98 billion yuan, a 26 percent increase. Consumer goods imports climbed 7.8 percent to 158.51 billion yuan, the fastest growth rate in nearly three years.

Zhejiang maintained trade relations with more than 240 countries and regions in 2025, recording import and export growth with over 180 of them. ASEAN and the European Union remained the province's two largest trading partners, with trade values of 869.07 billion yuan and 845.74 billion yuan, up 16.5 percent and 8.7 percent, respectively. Trade with emerging markets also expanded, with imports and exports to the Middle East, Latin America, and Africa rising 3.5 percent, 3.7 percent, and 11.5 percent.

The number of foreign trade enterprises continued to grow. Zhejiang recorded 132,000 companies with import or export activity in 2025, an increase of 13,000 year-on-year, marking the first time the annual increase exceeded 10,000. Private enterprises numbered 123,000, up 11.8 percent, and generated 4.56 trillion yuan in trade, a rise of 7.1 percent, accounting for 82.1 percent of the provincial total. The number of foreign-funded enterprises also reached a record high of 8,025, surpassing 8,000 for the first time.