Ningbo's M&E products Export "Debuted in a Central Role" and Received RMB 139.11 Billion in the First Quarter

 

 

Recently, Ningbo Yourlite Imp & Exp Co., Ltd. declared to Ningbo Customs that it would export a batch of LED lamps, headlamps, and other lighting products worth nearly RMB 300,000. After being reviewed by Ningbo Customs, they were successfully released, and the goods were immediately shipped to Croatia. "In the first quarter of this year, we exported more than RMB 260 million of various lighting products, an increase of 7% over the same period last year." Shen Haojie, the Company's Marketing Director, said.

 

 

Operation Site of Container Terminal in Chuanshan Port Area of Ningbo Zhoushan Port. Photo by Wu Mengkai

 

 

Market diversification is progressing steadily. The EU was Ningbo's largest trading partner in the first quarter, with imports and exports to it reaching RMB 60.63 billion, an increase of 14.6%. Imports and exports with ASEAN amounted to RMB 48.1 billion, increasing by 21.1%. The imports and exports to Japan were RMB 14.46 billion, up 5.1%; while that to ROK were RMB 13.23 billion, up 27.2%. During the same period, the imports and exports to Africa totaled RMB 19.89 billion, showing a 28.5% year-on-year increase; those to Belt and Road partner countries reached RMB 174.24 billion, up 14.7% year-on-year, while to CEEC (Central and Eastern European Countries) stood at RMB 15.29 billion, representing a 19.8% year-on-year growth.

 

 

Ningbo Customs fully leverages the initiative "Government-Enterprise Communication Channel • Enterprise Needs and Customs Response" to facilitate enterprise development and surveys. Photo by He Hanyu

 

 

Conventional advantageous products have good performance in export. In Q1, Ningbo's exports of M&E (Mechanical & Electrical) products reached RMB 139.11 billion, achieving 19.4% year-on-year growth and accounting for 58.5% of the city's total exports. Among these, the exports of home appliances, electrical equipment, general machinery, and auto parts reached RMB 17.63 billion, RMB 14.14 billion, RMB 10.18 billion, and RMB 8.16 billion, respectively, representing increases of 19.6%, 6.1%, 19.7%, and 14.5%. Container exports amounted to RMB 3 billion, marking a substantial 132.7% growth.

 

 

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      Disclaimer：The above content is translated from Chinese version of TideNews. The TideNews version shall prevail.