From January to October, the Import and Export Value at Ningbo Port Exceeded Two Trillion Yuan

 

 

Since the beginning of this year, foreign trade at Ningbo Port has maintained a good momentum. The three indicators of import and export have achieved year-on-year growth. According to the statistics of Ningbo Customs, from January to October this year, the import and export value at Ningbo Port reached RMB 2.12 trillion, with a year-on-year (the same below) increase of 6.4%. Specifically, exports amounted to RMB 1.56 trillion with an increase of 7.5%, while imports amounted to RMB 557.88 billion with an increase of 3.5%.

Recently, in the warehouse of Hape International (Ningbo) Co., Ltd. (hereinafter referred to as "Hape"), a batch of children's toys and drawing boards are being packed for shipment to Germany. "In the first 10 months of this year, our exports exceeded 500 million yuan, a year-on-year increase of more than 20%." "The main reason for the increase is the development of new customers," said Mao Saifei, logistics manager of Hape. The company mainly produces wooden toys and other children's products, which are exported to the high-end markets in Europe and America. The United States, Germany and the United Kingdom are its top three export markets.

 

 

Operation site of Chuanshan Port Station for sea-rail intermodal transport at Ningbo Zhoushan Port.

 

 

The location advantage of the port not only attracts more and more enterprises from other places to Ningbo Port, but also facilitates the import and export trade of local enterprises in Ningbo. From January to October, Ningbo's local import and export value through the Ningbo Port reached RMB 790.52 billion, up 9.8%, which was 3.4 percentage points higher than the overall growth rate of the port. Among them, exports amounted to RMB 544.89 billion, with an increase of 11.5%, while imports reached RMB 245.63 billion, with an increase of 6.2%.

The vitality of private enterprises was enhanced, and their proportion continued to rise. From January to October, the import and export value of private enterprises at Ningbo Port was 1.59 trillion yuan, up 8.8%, accounting for 74.7%, an increase of 1.6 percentage points. Specifically, exports amounted to RMB 1.33 trillion with an increase of 8.5%, while imports amounted to RMB 258.84 billion with an increase of 10.5%. During the same period, foreign-invested enterprises achieved an import and export value of 257.98 billion yuan, up 4%.

The top eight trading partners all maintained growth. From January to October, Ningbo's imports and exports with the top eight trading partners maintained growth. Among them, imports and exports with the United States, ASEAN, Brazil and India achieved double-digit growth, up 10.7%, 10.9%, 17.8% and 10.8% respectively. During the same period, the import and export with Belt and Road partner countries reached 970.43 billion yuan, up 5.2%.

 

 

Officers of Beilun Customs affiliated to Ningbo Customs inspected one batch of exported goods. Photo by Hu Sisi

 

 

Commodities with export advantages maintained a good growth trend. From January to October, the export value of M&E products at Ningbo Port reached RMB 828.69 billion, up 9.3%, accounting for more than half of the total. Among them, home appliances, general machinery and equipment, auto parts and automobile exports all showed double-digit growth, while container exports increased by 4.4 times. During the same period, the exports of plastic products, furniture, agricultural products and toys increased by 9.8 percent, 19.5 percent, 10.8 percent and 13.4 percent respectively.

Imports of M&E products and metal resources increased significantly. From January to October, the import volume of M&E products, metal ores and aluminum materials at Ningbo Port reached RMB 44.44 billion, RMB 37.06 billion and RMB 8.76 billion respectively, up 10%, 13.5% and 23.8% respectively.

In the next step, Ningbo Customs will continue to closely combine with the requirements of the "Smart Customs Power" action, further optimize the port business environment, improve supervision efficiency and service level, and contribute more to promoting trade facilitation and foreign trade development at ports.

 

 

---

Disclaimer：The above content is translated from Chinese version of Ningbo Customs WeChat Official Account. The Ningbo Customs WeChat Official Account version shall prevail.