Ningbo Customs released data yesterday: In the first four months of this year, Ningbo's total import and export volume reached RMB 472.45 billion, a year-on-year increase of 8.2%, a record high for the same period in history, and contributed 33.2% to the province's growth. The export volume was RMB 321.03 billion, a year-on-year increase of 15.6%, and the import volume was RMB 151.42 billion.
"In the first four months, private enterprises bravely took the lead and were the main driving force for Ningbo's foreign trade growth," said a relevant official from Ningbo Customs.
The data show that in the first four months, the import and export volume of Ningbo's private enterprises was RMB 365.44 billion, a year-on-year increase of 12.3%, driving Ningbo's total import and export volume to grow by 9.1 percentage points during the same period, accounting for 2.8 percentage points more than that during the same period last year, reaching 77.4% of Ningbo's overall foreign trade. The year-on-year growth rates of exports and imports all achieved positive growth.
Innovation is the "specialty" of private enterprises. The high-performance garden pump developed by Junhe Pumps Holding Co., Ltd. has 50% higher core parameters and 30% lower energy consumption than internationally renowned brands, which directly helped the company's export volume exceed RMB 200 million in the first four months.
The diversified international market is an important source of growth for Ningbo's foreign trade.
According to statistics, in the first four months, the EU was Ningbo's largest trading partner, with import and export volume of RMB 81.42 billion, a year-on-year increase of 11.6%.
During the same period, Ningbo's import and export volume with ASEAN was RMB 67.24 billion, a year-on-year increase of 20.7%; the import and export volume with Belt and Road partner countries was RMB 235.53 billion, a year-on-year increase of 14.2%; the import and export volume with Africa was RMB 27.69 billion, a year-on-year increase of 28.1%; the import and export volume with Central and Eastern European countries was RMB 19.7 billion, a year-on-year increase of 13.8%.
"We are constantly increasing our efforts to develop emerging markets. In the first four months of this year, we have exported various goods to about 100 countries and regions, with the value exceeding RMB 1.3 billion, an increase of 23.7% over the same period last year." Ren Yu, customs manager of Ningbo Huayi Import and Export Co., Ltd. said.
From the perspective of product categories, the export share of electromechanical products is increasing.
In the first four months, Ningbo exported the electromechanical products with a value of RMB 188.25 billion, a year-on-year increase of 18.6%, accounting for 58.6% of Ningbo's total exports during the same period, and the proportion increased by 1.4 percentage points.
The export volume of household appliances, electrical equipment, and general machinery and equipment increased by 15.4%, 12.3%, and 15.3% year-on-year respectively; the export volume of automobiles and containers increased by 40% and 82.3% year-on-year respectively.
In terms of imports, the import volume of unwrought copper and copper materials, basic organic chemicals, and primary shaped plastics in the first four months increased by 10.8%, 28.8%, and 9.5% year-on-year respectively; the import volume of high-tech products increased by 18.1% year-on-year.
May 14, 2025-Front Page of Ningbo Daily (By Wang Lingke& Dong Bifeng)
Disclaimer：The above content is translated from Chinese version of Ningbo Daily. The Ningbo Daily version shall prevail.