The container ship CMA CGM Bahia docks at Yongzhou Container Terminal in the Jintang port area of Ningbo-Zhoushan Port, Zhejiang province, on Oct 20, 2026. [Photo/IC]

Zhejiang's foreign trade totaled 4.57 trillion yuan ($684.2 billion) in the first three quarters of 2026, up 9.5 percent year-on-year, according to Hangzhou Customs. Imports rose 7.4 percent to 1.09 trillion yuan.

Trade with its five largest markets increased. ASEAN led in both value and growth, with trade rising 23.4 percent to 788.43 billion yuan, or 17.3 percent of the province's total.

Trade with the European Union, United States, Latin America, and Africa reached 697.63 billion yuan, 516.18 billion yuan, 486.9 billion yuan, and 402.59 billion yuan, respectively, up 8.6 percent, 2.3 percent, 9.2 percent, and 20.1 percent. The five markets together contributed 7.8 percentage points to Zhejiang's trade growth.

Trade with Asia-Pacific Economic Cooperation economies rose 14.3 percent to 2.31 trillion yuan, accounting for 50.6 percent of the total.

Imports of mechanical and electrical products grew 17.1 percent to 204.97 billion yuan, contributing 39.7 percent of overall import growth. Imports of integrated circuits, flat-panel display modules, and automatic data processing equipment and parts rose 38.9 percent, 61.2 percent, and 96.6 percent, respectively.

The number of enterprises engaged in imports or exports rose 17 percent year-on-year to a record high of more than 140,000. Private enterprises accounted for 82.7 percent of total trade, at 3.78 trillion yuan, up 10.5 percent. Trade by foreign-invested enterprises grew 5.4 percent.