In the first half of this year, Zhejiang's foreign trade imports and exports totaled 2.73 trillion yuan, a year-on-year increase of 6.6%. Exports exceeded 2 trillion yuan, reaching 2.07 trillion yuan, a 9.1% increase; imports reached 659.27 billion yuan, a 0.4% decrease. Zhejiang's imports and exports accounted for 12.5%, 15.9%, and 7.5% of the national total, respectively, up 0.4, 0.2, and 0.2 percentage points from the same period last year. Zhejiang's contribution to national export growth reached 19.8%, ranking first nationwide. According to the Zhejiang Province import and export data for January-June 2025 recently released by Hangzhou Customs, the relevant data for agricultural machinery are as follows:

Imports

From January to June, the cumulative import value of agricultural machinery reached 48.487 million yuan, a year-on-year increase of 57.8%. Of this, the cumulative import value of harvesting machinery reached 27.297 million yuan, a year-on-year increase of 269.3%, and the cumulative import value of tractors reached 27,000 yuan.

... From January to June, the cumulative export value of agricultural machinery reached 7,410,578,000 yuan, a year-on-year increase of 26.3%. Of this total, the cumulative export value of tractors reached 131,962,000 yuan, a year-on-year increase of 3.9%.

Main Export Products: Small and medium-sized agricultural machinery (such as micro-tillers and water pumps) accounted for over 60%, with exports of intelligent equipment (such as drones for crop protection and automated seeders) growing significantly, reflecting the global demand for digital transformation in agriculture.

Major Markets: ASEAN (accounting for 30% of exports), the Middle East (15%), and Latin America (12%) were the main destinations, with exports to Belt and Road countries increasing to 65%.

Export Outlook

Policy Support: With the deepening implementation of the RCEP, Zhejiang Province has further reduced export tariffs to ASEAN and Australia.

Emerging Demand: Grain production increase plans in Latin America (such as Brazil) will drive imports of large agricultural machinery; the implementation of the Forum on China-Africa Cooperation (FOCAC) will increase demand for irrigation equipment in the African market.

Expected Growth Rate: The proportion of intelligent and green (new energy agricultural machinery) exports will increase to 35% for the entire year.