Core Insights - Zhejiang's total import and export value reached 4.6 trillion yuan in the first ten months of the year, a year-on-year increase of 5.3%, surpassing the national growth rate by 1.7 percentage points [1] - Exports amounted to 3.47 trillion yuan, growing by 6.9%, while imports were 1.13 trillion yuan, with a modest growth of 0.4% [1] - ASEAN has become Zhejiang's largest trading partner, surpassing the EU for the first time, with a trade value of 710.61 billion yuan, an increase of 16.2% [1] Trade Market Structure - ASEAN's trade value accounted for 15.4% of Zhejiang's total import and export value, reflecting a diversification trend in trade markets [1] - The EU remains the second-largest trading partner with a trade value of 702.94 billion yuan, growing by 7.5% [1] - Trade with Middle Eastern, Latin American, and African countries grew by 3.3%, 2.6%, and 10.1% respectively [1] Export Structure Optimization - The export of electromechanical products reached 1.63 trillion yuan, increasing by 8.4%, with "new three samples" contributing significantly [2] - "New three samples" products exported amounted to 107.8 billion yuan, growing by 20.2%, contributing 8.1% to the overall export growth [2] - The number of foreign trade enterprises in Zhejiang reached 124,000, an increase of 8.6%, with private enterprises accounting for 82.1% of total import and export value [2] Import Quality Improvement - The import of electromechanical products was 197.44 billion yuan, growing by 21.4%, with significant growth in automatic data processing equipment and components [2] - High-tech product imports reached 92.92 billion yuan, increasing by 26.1%, with high-end equipment imports growing by 45.7% [2]

Group 1 - Zhejiang's total import and export value with ASEAN reached 710.61 billion yuan in the first ten months of this year, a year-on-year increase of 16.2%, making ASEAN the largest trading market for Zhejiang, surpassing the EU for the first time [1] - Leapmotor is accelerating its expansion into the ASEAN market, with its T03 electric vehicles being produced at a rate of 42 units per hour, and plans to localize assembly in Malaysia in collaboration with Stellantis [1] - Zhejiang Jinfei Kaida Wheel Hub Co., Ltd. has established a production base in Thailand since 2019, focusing on lightweight development for electric vehicle components, achieving a weight reduction of 10% to 15% for wheel hubs, which enhances the vehicle's range by 3% to 5% [1] Group 2 - Zhejiang's total import and export value reached 4.6 trillion yuan from January to October, with a year-on-year growth of 5.3%, including exports of 3.47 trillion yuan (up 6.9%) and imports of 1.13 trillion yuan (up 0.4%) [2] - The province's import and export scale accounts for 12.3% of the national total, with exports at 15.7% and imports at 7.4%, ranking third, second, and sixth nationally, respectively [2] - Trade with countries involved in the Belt and Road Initiative totaled 2.63 trillion yuan, reflecting a year-on-year increase of 8.4%, indicating a deepening cooperation with these nations [2]