A particularly high increase in exports was seen in Zhejiang's high-tech industries. Between January and November, the province's exports of machinery and electronics stood at 1.02 trillion yuan, up 15.4 percent year-on-year and accounting for 45 percent of the province's total exports.

Zhejiang's private companies saw 1.87 trillion yuan in exports, up 13.1 percent year-on-year, while their imports grew by 19 percent to 448.49 billion yuan, beating out State-owned enterprises in both respects.

Foreign-funded companies in Zhejiang saw a 9.6 percent increase in trade in November for the third time in a row.

The latest data also reflects Zhejiang's smooth transition to new business models. Exports and imports conducted on the province's management platform for cross-border e-commerce increased by a factor of 2.5 to 7.24 billion yuan over the first 11 months. Exports made via the "market procurement trade" mechanism rose by 16.3 percent year-on-year to 272.45 billion yuan.