Zhejiang's export contribution rate ranks first in the country in 2022

According to the statistics of Hangzhou Customs announced that in 2022, Zhejiang's total foreign trade value reached 4.68 trillion yuan ($692.46 billion), up 13.1 percent year-on-year. Among them, exports reached 3.43 trillion yuan, up 14.0 percent year on year; Import was reached 1.25 trillion yuan, up 10.7 percent year on year.

Zhejiang's import and export, export and import scale respectively ranked the third, third and sixth in the country in 2022. The contribution rate to the national export growth reached 18.5 percent, ranking the first in the country; The contribution rates of import and export and import growth were 18.0 percent and 16.3 percent respectively, ranking the second in the country.

In 2022, the province's export of high-tech products reached 345.36 billion yuan, up 26.8 percent year on year.

The province imported crude oil, coal and natural gas of 174.45 billion yuan, 25.29 billion yuan and 12.20 billion yuan respectively. The total import value increased by 71.4 percent, accounting for 16.9 percent of the total import value, driving the import growth of the province by 7.8 percentage points, and contributing 72.8 percent to the import growth of the province.

In addition, the import and export of the pilot free trade zone reached 713.13 billion yuan, accounting for 15.2 percent of the total import and export value of the province, up 1.8 percentage points from 2021.