Yiwu in East China's Zhejiang province saw its foreign trade value grow 24.1 percent year-on-year from January to November of 2022, hitting 442.22 billion yuan ($63.39 billion), according to local customs.

Exports grew 19.1 percent year-on-year to 399.06 billion yuan, while imports surged 104.6 percent year-on-year to 43.16 billion yuan. Yiwu's foreign trade value accounted for 10.3 percent of the provincial total.

During this period, Yiwu exported goods worth 300.8 billion yuan through market procurement trade, an annual increase of 13 percent and accounting for 75.4 percent of the city's total export value. Yiwu's general trade imports and exports increased by 46.5 percent to 118.99 billion yuan.

The city's exports of mechanical and electrical products increased by 26.3 percent to 156.01 billion yuan, accounting for 39.1 percent of Yiwu's total export value and 50.8 percent of the city's export growth. Exports of high-tech products surged 135.9 percent yearly to 33.23 billion yuan.

Foreign trade between Yiwu and Africa, Latin America, the European Union, the United States and ASEAN increased by 8.8 percent, 27 percent, 51.1 percent, 39.3 percent, and 2.1 percent yearly, respectively, amounting to 76.53 billion yuan, 66.41 billion yuan, 56.42 billion yuan, 52.59 billion yuan and 47.31billion yuan in the same period. Yiwu's trade with India and South Korea surged 43.6 percent and 68 percent year-on-year, respectively, to 22.79 billion yuan and 10.23 billion yuan.