Zhejiang Province

Overview In February 2024 Zhejiang Province exported $32.7B and imported $13.7B, resulting in a positive trade balance of $19B. Between February 2023 and February 2024 the exports of Zhejiang Province have increased by $7.54B (30%) from $25.2B to $32.7B, while imports increased by $96.4M (0.71%) from $13.6B to $13.7B.

Trade In February 2024, the top exports of Zhejiang Province were Semiconductor Devices ($751M), Motor vehicles; parts and accessories (8701... ($745M), Synthetic Filament Yarn Woven Fabric ($724M), Seats ($666M), and Valves ($632M). In February 2024 the top imports of Zhejiang Province were Iron Ore ($1.94B), Crude Petroleum ($1.68B), Refined Copper ($871M), Scrap Copper ($638M), and Cyclic Hydrocarbons ($491M).

Destinations In February 2024, Zhejiang Province exported mostly to United States ($4.97B), India ($1.4B), Russia ($1.38B), Germany ($1.07B), and Mexico ($1.07B), and imported mostly from Saudi Arabia ($1.38B), Brazil ($1.04B), United States ($919M), Australia ($860M), and Indonesia ($853M).

Growth In February 2024, the increase in Zhejiang Province's year-by-year exports was explained primarily by an increase in exports to Turkey ($274M or 50.8%), Mexico ($174M or 14.6%), and Netherlands ($132M or 8.97%), and product exports increase in Semiconductor Devices ($290M or 30.5%), Commodities not elsewhere specified ($284M or 148%), and Electrical Transformers ($162M or 48.1%). In February 2024, the increase in Zhejiang Province's year-by-year imports was explained primarily by an increase in imports from Russia ($341M or 101%), Iraq ($186M or 57.7%), and Slovakia ($179M or 569%), and product imports increase in Coal Briquettes ($194M or 71.4%), Cars ($179M or 582%), and Refined Petroleum ($112M or 40.2%).