The foreign trade of Wenzhou, Zhejiang province, saw a strong start this year, with total imports and exports reaching 55.67 billion yuan ($8.05 billion) in the first two months, marking a 20.3 percent year-on-year increase.
Exports hit 50.34 billion yuan, up 21.5 percent, while imports totaled 5.33 billion yuan, increasing by 9.5 percent.
Emerging markets have been a key focus, with countries involved in the Belt and Road Initiative largely driving growth. Exports to these countries reached 30.37 billion yuan, jumping 24.6 percent and accounting for over 60 percent of total exports.
The European Union and ASEAN remain top export markets, with exports climbing 18.1 percent and 30.2 percent, respectively. Exports to Latin America, the Middle East, and Africa also posted impressive gains.
The export product structure continues to improve. Mechanical and electrical product exports reached 30.75 billion yuan, contributing 61.1 percent to total exports, while exports of the "new three" categories (new energy vehicles, lithium batteries, and photovoltaic products) soared 2.4-fold.
Innovations in logistics and customs clearance, such as the Transport International Router (TIR) model combining bonded or cross-border e-commerce, have reduced costs and improved efficiency. Wenzhou has opened 18 TIR truck routes to four countries, offering more efficient channels to enterprises expanding globally.
