Zhejiang Province

Overview In October 2024 Zhejiang Province exported $47.2B and imported $15.5B, resulting in a positive trade balance of $31.7B. Between October 2023 and October 2024 the exports of Zhejiang Province have increased by $8.84B (23%) from $38.4B to $47.2B, while imports decreased by $-1.67B (-9.7%) from $17.2B to $15.5B.

Trade In October 2024, the top exports of Zhejiang Province were Commodities not elsewhere specified ($1.44B), Motor vehicles; parts and accessories (8701... ($1.02B), Synthetic Filament Yarn Woven Fabric ($994M), Cars ($899M), and Electric Heaters ($880M). In October 2024 the top imports of Zhejiang Province were Crude Petroleum ($1.97B), Refined Copper ($1.17B), Iron Ore ($995M), Scrap Copper ($939M), and Petroleum Gas ($670M).

Destinations In October 2024, Zhejiang Province exported mostly to United States ($7.54B), Russia ($1.91B), India ($1.73B), Mexico ($1.43B), and Germany ($1.43B), and imported mostly from Saudi Arabia ($1.44B), United States ($1.27B), Australia ($1.04B), Japan ($965M), and South Korea ($860M).

Growth In October 2024, the increase in Zhejiang Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.29B or 20.6%), Russia ($505M or 36%), and Vietnam ($422M or 42.2%), and product exports increase in Commodities not elsewhere specified ($659M or 84.8%), Railway Cargo Containers ($302M or 1k%), and Passenger and Cargo Ships ($256M or 314%). In October 2024, the decrease in Zhejiang Province's year-by-year imports was explained primarily by an decrease in imports from Chinese Taipei ($-591M or -52%), Vietnam ($-386M or -40.8%), and Saudi Arabia ($-362M or -20%), and product imports decrease in Crude Petroleum ($-562M or -22.2%), Computers ($-415M or -74%), and Sound Recordings ($-387M or -59.3%).