The foreign trade export continued to keep rapid growth. The annual value of import and export totaled 38.909 billion US dollars, up by 30.3 percent over the previous year. Of the total, the total value of import reached 12.681 billion US dollars, up by 26 percent and that of export amounted to 26.228 billion US dollars, up by 32.4 percent. The structure of export products had been further perfected. The annual export value of High-Tech products reached 6.794 billion yuan, up by 84.6 percent and that of electromechanical products was 12.069 billion US dollars, up by 51.0 percent, which accounted for 25.9 percent and 46.0 percent of total export value compared with 18.6 percent and 40.4 percent of the previous year respectively. The export to USA, EU and ASEAN increased 51.3 percent, 23.5 percent and 40.1 percent respectively.
　　By the end of 2006, the number of establishment enterprises (or institutions) with foreign investment accumulated 61, up by 19.6 percent over the previous year. The contractual value of the foreign investment reached 59.35 million US dollars and of which the value of non-trading investment was 23.15 million US dollars, up by 24.2 percent and 26.8 percent respectively. The accomplished business revenue through contracted overseas engineering projects and the business revenue through overseas labor contracts amounted to 331 million US dollars, up by 28.2 percent.
　　Utilization of Foreign Capital
　　There were 747 new foreign direct-funded projects signed in the year. The contractual value of foreign investment totaled 5.38 billion US dollars, up by 34.3 percent over the previous year and the foreign investment actually utilized reached 2.255 billion US dollars, up by 31.7 percent. The quality of utilizing foreign funds was improved. Of the total new established foreign-funded projects, the projects of total contractual investment over 10 million US dollars amounted to 327. The contractual value in these projects totaled 4.535 billion US dollars, sharing 84.3 percent of the total foreign investment. The contractual value of foreign investment in the tertiary industry was 2.584 billion US dollars, up by 36.8 percent and the investment actually utilized was 996 million US dollars, up by 49.7 percent. By the end of 2006, there were 87 enterprises built in Hangzhou funded by 53 companies of the World Top 500 Companies.
　　In 2006, the contractual value of the foreign investment reached 1.801 billion US dollars and the actually utilized investment was 927 million US dollars, up by 16.8 percent and 19.9 percent over the previous year respectively in 4 state-level development zones, such as Hangzhou Economic and Technological Development Zone, Hangzhou High-Tech Development Zone, Xiaoshan Economic & Technological Development Zone and Hangzhou Zhijiang National Holiday Resort Zone. The total revenue of technology, industry and trade from the 4 development zones achieved 261.844 billion yuan in the year, up by 41.2 percent; profits and taxes 17.307 billion yuan, up by 24.0 percent and the foreign currency earned from the exported products 14.635 billion US dollars, up by 87.3 percent. JiangDong, LinJiang and QiangJiang Industry Zones (Parks) were approved by the Central Government as the Provincial-level Development Zones.