Reporters of cnnb.com.cn: Sun Jiali and Wang Jiabin; Correspondents: Wang Lingke and Pan Jie;
According to the data released by Ningbo Customs on September 12, from January to August this year, Ningbo's import and export value reached RMB 934.49 billion, up 10.9% over the same period last year. Among them, the export volume was RMB 618.2 billion, with a year-on-year increase of 11.5%; the import value was RMB 316.29 billion, marking a year-on-year increase of 9.7%.
In terms of growth rate, the year-on-year growth rate of Ningbo's foreign trade in the first eight months was higher than that of the whole country and the whole province. From the perspective of scale, Ningbo maintained its 5th place among the top ten cities in China in terms of the scale of foreign trade in the first eight months. In August, Ningbo's import and export scale hit a monthly record high again, and the year-on-year growth rate of import and export value maintained positive increase for five consecutive months.
"This series of data outlines the continuous increase of Ningbo's foreign trade. With the accumulation of structural advantages, Ningbo's foreign trade competitiveness will further grow." said the relevant person in charge of Ningbo Customs.
Specifically, Ningbo's private enterprises continued to maintain a good momentum in foreign trade.
In the first eight months, private enterprises in Ningbo achieved an import and export value of RMB 708.83 billion, marking a year-on-year increase of 12.3%, accounting for 75.9% of Ningbo's total import and export value during the same period. Zhu Dongri, Manager of Foreign Trade Department of Ningbo Cetus Electric Appliance Co., Ltd., said:"With excellent quality and fashionable appearance design, the company's products are very popular with foreign customers. In the first eight months of this year, the Company's export value exceeded RMB 60 million, marking a year-on-year increase of 25%."
Ningbo's import and export value with major trading partners maintained increase.
In the first eight months, the EU, the United States and ASEAN were the top three trading partners. Ningbo's import and export value reached RMB 161.39 billion, RMB 160.8 billion and RMB 119.64 billion with these regions, respectively, with year-on-year increases of 10.4%, 15.3%, and 19.5%. The total import and export value of the above three trading partners accounted for 47.3% of Ningbo's total import and export value in the same period, contributing 61.1% to foreign trade increase.
During the same period, Ningbo's import and export value with countries participating in the Belt and Road Initiative reached RMB 407.47 billion, marking a 9.3% year-on-year increase; Trade with African countries was robust, with an import and export value of RMB 47.4 billion, marking a 21% year-on-year increase; Trade with Central and Eastern European countries totaled RMB 37.6 billion, marking a 12% year-on-year increase.
The structure of foreign trade products in Ningbo is also further optimized.
In the first eight months, Ningbo's export of M&E products reached RMB 353.14, marking a 12.3% year-on-year increase. Among them, the export values of household appliances, electrical equipment, general machinery and equipment and auto parts were RMB 48.8 billion, RMB 40.46 billion, RMB 25.55 billion and RMB 20.84 billion, respectively, with year-on-year increases of 17.4%, 13.2%, 28.1% and 15.6%.
During the same period, the export value of Ningbo's labor-intensive products reached RMB 142.53 billion, marking an 11.2% year-on-year increase. Among them, the export values of clothing and clothing accessories, plastic products, textile yarn and its products were RMB 37.38 billion, RMB 34.42 billion and RMB 31.09 billion, respectively, with year-on-year increases of 4.8%, 14.1% and 6.5%.
In terms of imports, in the first eight months, Ningbo imported metal ores, copper materials, basic organic chemicals, plastics in primary shapes and other commodities totaling RMB 114.71 billion, marking an year-on-year increase of 11%, contributing an increase of RMB 11.4 billion to its import value and a contribution rate of 40.7% to the increase of Ningbo's import value.
Disclaimer：The above content is translated from Chinese version of cnnb. The cnnb version shall prevail.