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Import and export volume of Ningbo up by 23.6% in first eight months
2021-09-13Text Size: A A A

According to the statistics from Ningbo Customs, in the first eight months of this year, the import and export volume of Ningbo reached 763.55 billion yuan, up by 23.6% over the same period of last year. To be specific, the export volume stood at 487.28 billion yuan, up by 20.7%, while the import volume stood at 276.27 billion yuan, up by 29.2%..

In August, the import and export volume of Ningbo exceeded 100 billion yuan, up by 13.5% over the same period of last year. Therefore, since May of last year, the monthly import and export volume of Ningbo has achieved 16 consecutive increases.

Specifically speaking, private enterprises, as the main force of import and export, continue to drive the development of Ningbo’s foreign trade. According to statistics, from January to August this year, the import and export volume of private enterprises in Ningbo was 537.5 billion yuan, a year-on-year increase of 22.9%, accounting for 70.4% of the city’s total import and export in the same period. In particular, a number of “specialized and new” enterprises in the city, with high participation rate and strong flexibility, have become an important source for the steady improvement of the vitality of Ningbo’s foreign trade development.

The EU, the USA and ASEAN are still the top three trading partners of Ningbo. From January to August, Ningbo’s import and export volume to the EU, the USA and ASEAN stood at 134.77 billion yuan, 132.44 billion yuan and 81.27 billion yuan respectively, up by 21.5%, 24.3% and 18.6% over the same period of last year, accounting for 45.6% of the city’s total foreign trade value in the same period. It is noteworthy that Ningbo’s import and export volume to the “Belt and Road” countries reached 211.74 billion yuan in the same period, up by 23.9% over the same period last year, accounting for 27.7% of the total value of Ningbo’s imports and exports.

In terms of commodity categories, mechanical and electrical products are the main export commodities of the city, with an export volume of 279.63 billion yuan, a year-on-year increase of 28.5%, accounting for 57.4% of the city’s total export. As for import, the import volume of metal ore and ore increased significantly, reaching 33.93 billion yuan, with a year-on-year increase of 69.9%.

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