Shanghai exports jump 11.5% as tech shipments power trade recovery
Electromechanical goods accounted for more than 70% of exports, while high-tech products recorded the fastest growth.
Electromechanical goods accounted for more than 70% of exports, while high-tech products recorded the fastest growth.
Within the province, Suzhou continued to anchor external trade activity, recording 1.48 trillion yuan in imports and exports, up 37.5% year-on-year.
In May alone, exports to ASEAN reached 68.49 billion yuan, surpassing the European Union to become the province’s largest overseas market.
The Hong Kong listing would mark a pivotal step in transforming the firm from a local rental operation into a global trade services player.
Exports of mechanical and electrical products — Zhejiang’s largest export category — rose 5.9% to 661.8 billion yuan, accounting for 47.4% of total outbound shipments.
Meanwhile, Yiwu’s trading footprint continued to widen geographically. The city conducted trade with 222 countries and regions in the January-February period, nine more than a year earlier.
A surge in the so-called “New Three” — electric vehicles, lithium-ion batteries and solar panels — drove much of the expansion.