Yangtze River Delta foreign trade hits 13.16 trillion yuan in first 8 months, up 18.8% YoY
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According to Shanghai Customs data reported by CCTV on September 22, the Yangtze River Delta region's total goods trade reached 13.16 trillion yuan in the first eight months of 2024, a year-on-year increase of 18.8%, setting a new historical high for the period. This marks 18 consecutive months of positive growth. The region's share of China's total foreign trade rose to 37.8%, reinforcing its role as a national trade stabilizer. The four provincial-level units—Shanghai, Jiangsu, Zhejiang, and Anhui—showed distinct strengths: Shanghai saw AI-related product exports surge over 90%; Jiangsu benefited from its manufacturing base with rapid growth in integrated circuits and ships; Zhejiang's private enterprises contributed 82.6% of its trade, with high-value tech products driving growth; Anhui's monthly trade exceeded 100 billion yuan for six straight months, and its auto exports doubled in both volume and value, ranking first nationally. Exports of advanced robots, including surgical robots, reached 16 billion yuan, up 300%. Imports of key upstream electronic components grew over 70%, supporting the region's advanced manufacturing clusters.
Source report
Beijing, September 22 — According to Shanghai Customs, the total value of goods trade in the Yangtze River Delta (YRD) region reached 13.16 trillion yuan in the first eight months of this year, marking a year-on-year increase of 18.8%. This sets a new historical high for the same period, with the region achieving 18 consecutive months of positive growth.
The YRD region's share of China's total foreign trade rose to 37.8%, underscoring its role as a key stabilizer for the nation's foreign trade.
Distinctive Growth Drivers Across the Region
The three provinces and one municipality in the YRD have leveraged their respective strengths to drive trade growth:
- Shanghai — Leveraging its advantages as a port hub and institutional opening-up highland, Shanghai saw exports of AI-related products surge by over 90%, while imports of energy products such as crude oil maintained double-digit growth.
- Jiangsu — Benefiting from a comprehensive manufacturing system, Jiangsu has developed a complete export chain from core components to finished products. Key competitive sectors, including integrated circuits and ships, experienced rapid export growth.
- Zhejiang — With private enterprises contributing 82.6% of total imports and exports, Zhejiang's private sector played a dominant role. Technology-intensive, high-value-added products became the core driver of foreign trade growth.
- Anhui — Monthly import and export volumes have remained above the 100 billion yuan mark for six consecutive months. In the first eight months, both the volume and value of automobile exports doubled, ranking first nationwide in export scale.
Emerging Industries and Supply Chain Strength
High-tech emerging industries in the YRD region showed particularly strong performance. Exports of four key types of robots, including surgical robots, reached 16 billion yuan, a threefold increase year-on-year.
Meanwhile, the supply capacity of upstream key components within the region was further strengthened:
- Imports of electronic components rose by over 70%.
- Imports of automatic data processing equipment and parts more than doubled.
These developments have provided solid support for the efficient operation, expansion, and upgrading of the YRD's advanced manufacturing clusters.
Source
央视网Eastern
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Yangtze River Delta foreign trade hits record 13.16 trillion yuan, robot exports surge 300%