Zhoushan's foreign trade maintains steady growth

Zhoushan's foreign trade data for the first three quarters of 2024 was released on Nov 5, showing a total import and export value of 281.3 billion yuan ($39.36 billion), a 6.3 percent year-on-year increase.

In the first quarter, the city's total trade value reached 84.81 billion yuan, up 6.0 percent year-on-year. By mid-year, the total had risen to 179.14 billion yuan, reflecting an 8.0 percent increase.

In the first three quarters, ship exports amounted to 14.44 billion yuan, a remarkable 132.1 percent increase, boosting overall export growth by 8.7 percentage points.

The work area of Zhoushan Changhong International Shipyard Co. [Photo/wifizs.cn]

Key shipbuilding companies like Zhoushan Changhong International Shipyard Co and COSCO Shipping Heavy Industry (Zhoushan) Co have accelerated their delivery schedules. The COSCO Shipping Heavy Industry (Zhoushan) Co completed repairs and conversions on over 190 ships and delivered 12 newly constructed ships in the first three quarters.

In August, the Shulanghu ore transfer terminal handled 4.19 million metric tons of iron ore, setting a new monthly record for itself. The total iron ore throughput that month reached 7.76 million tons, an 11.2 percent year-on-year increase.

The Zhoushan Port Comprehensive Bonded Zone also saw significant progress, with an import and export value of 40.62 billion yuan, up 68.4 percent in the first three quarters.