In the first nine months of 2023, Zhejiang's commodity market saw 1.65 trillion yuan ($225.55 billion) in transactions, up 8.49 percent year-on-year, official figures released recently show.

The latest statistics from the Zhejiang Provincial Market Supervision Administration shows that in the first three quarters of this year, total transactions in the province's commodity markets were valued at 1.65 trillion yuan, an 8.49 percent year-on-year increase.

Hangzhou, Shaoxing, and Jinhua have the highest transaction values in their commodity markets, with the total transaction value for these three cities accounting for 53.27 percent of the entire province.

When looking at market types, the top three in terms of average transaction value are the chemical raw materials market, textile market, and fruit market, with average transaction value standing at 9.634 billion yuan, 5.175 billion yuan, and 3.801 billion yuan, respectively.

In addition, from Jan to Sept, 536 industrial consumer goods markets in Zhejiang saw 732.145 billion yuan in transactions, representing a significant 26.55 percent year-on-year increase.

Thanks to the triple impact of the Hangzhou Asian Games, the Mid-Autumn Festival, and National Day holidays, along with seasonal market factors, there has been a substantial increase in customer traffic and transaction value in industrial consumer goods markets.

Markets such as the Hangzhou Sijiqing Clothing Market and the Hangzhou Qianjiang Small Commodities Market near the Asian Games venues and the Asian Games Village have experienced an average increase in customer traffic of around 20 percent compared to normal times, according to statistics.