The Import and Export Trade of Hangzhou Gains Momentum in the First Quarter, Showing a Good Start of Foreign Trade

Hangzhou Daily 145.79 billion yuan and a year-on-year growth of 36.2%: Hangzhou’s import and export trade delivered a brilliant report card in the first quarter.

Momentum – this is the very first signal sent by Q1 data.

The foreign trade increased by 36.2% on year-on-year basis. The values would be 36.1% ad 29.7% when compared with that of 2018 and 2019.

The import and export trade increased by 27.1% in March on month-on-month basis, among which the increase of export and import reached 11% and 57% respectively.

The foreign trade of Hangzhou shows multiple highlights in the process: enterprises keep showing their toughness and vitality, new commercial activities speed up developing… All these help lay a solid foundation for the positive development of foreign trade in the opening year of “14th Five-Year Plan”.

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