Foreign trade

In 2000, Wenzhou's foreign trade value was US$2.02 billion, up by 64.3 per cent over US$1.227 billion in 1999. Export, in aggregate, surged by 82.1 per cent to US$1.5 billion in 2000, from US$823 million in 1999. Export of primary products amounted to US$28.43 million, 1 per cent of the total export, while industrial manufactured products stood at US$1.47160 billion, or 99 per cent of the total.

Wenzhou had a diversified export market of 169 countries and regions in 2000. The top five export destinations (see Table 7.39.2) had only 36.8 per cent of the total export value.

Table 7.39.2: Top five export markets, Wenzhou City, 1995 and 2000

Country/region	Export value (US$ million)	% of export total
1995
Hong Kong	80.05	29.0
Hungary	27.23	9.9
Japan	20.15	7.3
USA	17.75	6.4
France	15.37	5.6
Total	160.55	58.2
2000
USA	143.02	9.5
Hungary	123.36	8.2
Hong Kong	103.44	6.9
Russia	103.27	6.9
Japan	79.29	5.3
Total	552.38	36.8

Import value stood at US$520million, an increase of 27.9 per cent over US$403 million in 1999. Of the total imports, primary products brought in US$118.60 million, or 22.8 per cent of the total, while industrial manufactured products stood at US$401.40 million, accounting for 77.2 per cent of the total.

The city's imports came from 66 countries and regions. The top five import markets (see Table 7.39.3) took up 71 per cent of the city's total import.

Table 7.39.3: Top five import markets, Wenzhou City, 1995 and 2000

Country/region	Import value (US$ million)	% of import total
1995
Hong Kong	16.10	29
Japan	13.72	24.7
Switzerland	5.57	10
USA	4.85	8.7
Taiwan Province	4.77 8	.6
Total	45.01	81
2000
Republic of Korea	133.93	26
Japan	86.92	17
USA	69.27	13
Taiwan Province	53.62	10
Germany	25.11	5
Total	368.85	71