State Grid Zhejiang Electric Power Co. has released its newly developed “Foreign Trade Electricity Prosperity Index,” which recorded a reading of 109.8% in the latest update, indicating that export-oriented manufacturing activity in the province remains firmly in expansion territory.
Source: China Electric Power News
State Grid Zhejiang Electric Power Co. has released its newly developed “Foreign Trade Electricity Prosperity Index,” which recorded a reading of 109.8% in the latest update, indicating that export-oriented manufacturing activity in the province remains firmly in expansion territory.
According to Xiang Xiaoyu of the company’s Development Department, the index monitors over 20,000 large-scale export-focused manufacturers, combining data such as electricity consumption and export delivery values to offer a real-time snapshot of foreign trade performance. It focuses on five major industrial clusters—digital economy, high-end equipment, petrochemicals, hardware, and textiles—tailored to regional characteristics and supply chain distribution.
Amid recent shifts in U.S.-China trade tariffs, the index shows that traditional industries such as petrochemicals have come under greater pressure, while emerging sectors like the digital economy have demonstrated notable resilience. During the week of May 19–25, all five sub-indices stayed above the expansion threshold. The Jinhua Hardware Index rose to 104.9% (up 2.8 percentage points from the previous week), the Hangzhou Digital Economy Index hit 104.3% (up 2.6 points), and the Ningbo High-End Equipment Index climbed to 105.8% (up 1.5 points). The Shaoxing Textile Index increased slightly to 101.9% (up 0.2 points), while the Quzhou Petrochemical Index held steady at 108.9%.
Electricity consumption among the province’s top 10 foreign trade industries showed a “nine up, one down” pattern on a weekly basis. The textile and apparel sector led with a 6.9% increase in power use.
The index also incorporates dynamic tracking of electricity usage among small and medium-sized enterprises (SMEs) and port logistics flows, providing additional insights into private-sector vitality and export fulfillment. For the same week, the SME Index rose to 100.8%, up 0.7 percentage points, maintaining an expansionary reading. Meanwhile, container exports from Ningbo-Zhoushan Port grew by 4.8%, and port electricity usage rose by 6.7%, suggesting continued strength in outbound trade logistics.
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