Core Viewpoint - Weihai's foreign trade has shown strong resilience and growth during the "14th Five-Year Plan" period, achieving significant milestones in both scale and quality, contributing to the local economy and establishing a competitive advantage in international markets [1][2]. Group 1: Scale Growth - Weihai's total import and export volume has remained above 200 billion yuan for four consecutive years, projected to reach 204.02 billion yuan in 2024, marking a 26.4% increase from the end of the "13th Five-Year Plan" in 2020 [2]. - The contribution of foreign trade to the local economy is significant, with export value accounting for over 40% of the regional GDP, maintaining the top position in Shandong province [2]. - The number of enterprises engaged in import and export activities has surpassed 5,000, setting a historical record [2]. Group 2: Structural Optimization - The focus on structural optimization has led to a comprehensive upgrade in product and market layout, with a shift towards high-value-added exports [3]. - The export of high-tech mechanical and electrical products has increased from 48.1% in 2020 to 61.5% in 2024, with an annual growth rate of 15.3% [3]. - Weihai has established trade relations with 227 countries and regions, with exports to countries involved in the Belt and Road Initiative reaching 111.23 billion yuan, accounting for 54.5% of the city's foreign trade [3]. Group 3: Business Model Innovation - Weihai has leveraged the opportunity of being a national cross-border e-commerce pilot zone, developing a unique "Weihai model" that focuses on breakthroughs in trade with South Korea [4]. - The retail export scale to South Korea has consistently ranked first in Shandong province and is projected to become the largest in the country by 2024 [4]. - The establishment of 16 overseas warehouses in various countries has facilitated logistics and increased foreign trade volume by over 5 billion yuan annually [4]. Group 4: Industry Integration and Cluster Upgrading - Weihai has initiated actions to cultivate cross-border e-commerce in key industries, accelerating the digital transformation of traditional sectors [5]. - There are over 1,000 cross-border e-commerce entities in the city, with 21 recognized as key provincial cultivators, creating a diverse development landscape across different districts [5]. - The innovative business models have been recognized in international forums, highlighting Weihai's role in the transformation and high-quality development of foreign trade [5].