Industry News

Ningbo's Total Imports and Exports Increased

2020-08-20

From January to July, Ningbo's total imports and exports increased by 0.9% year-on-year


According to Ningbo Customs statistics, from January to July this year, Ningbos total import and export volume was 526.64 billion yuan, an increase of 0.9% compared to the same period last year. Among them, imports were 183.79 billion yuan, an increase of 1.2%, and exports were 342.85 billion yuan, an increase. 0.7%, achieving a cumulative trade surplus of 159.06 billion yuan. Since the outbreak of the epidemic, the citys total import and export volume has achieved positive growth year-on-year for the first time, and cumulative imports, exports and total import and export volume have achieved positive growth for the first time.


Especially in July, Ningbo's import and export volume was 95.89 billion yuan, an increase of 8%, of which imports were 31.96 billion yuan, an increase of 21.5%, and exports were 63.93 billion yuan, an increase of 2.4%. The city's foreign trade continued to maintain the momentum of steady and quality improvement, and the endogenous power and vitality continued to increase, which made a good start for the second half of the year.

 

This is the result of the private enterprises represented by Jiangfeng Electronics cultivating new opportunities in the crisis and opening new games in the changing situation. Statistics show that private enterprises, as the city's main force in import and export, reached 371.54 billion yuan in imports and exports from January to July, a year-on-year increase of 6.3%, accounting for 70.5% of the city's total imports and exports during the same period, and the growth rate ranked first among all types of enterprises. High-tech products have become the "new force" driving export growth, and the export value from January to July increased by 6% year-on-year.

 

Mechanical and electrical products and labor-intensive products are still the main export products of our city. Relying on its strong comprehensive advantages and high cost performance, the city's electromechanical complete sets of equipment give full play to the role of the main force. The export volume accounted for 53.7% of the city's total exports during the same period. The export of labor-intensive products such as textiles increased by 8.5% year-on-year, becoming an important force driving the growth of our city's exports.

 

 While working hard on internal skills, foreign trade companies in our city are also actively exploring new orders among traditional trading partners. It is understood that the European Union (excluding the United Kingdom), the United States and ASEAN are still the city's top three trading partners. From January to July, the citys imports and exports to the EU, the United States and ASEAN were 95.05 billion yuan, 89 billion yuan, and 58.87 billion yuan, up by 3.5%, 10.9% and 9.1% respectively. The three accounted for the citys total imports in the same period. 46.1% of the total export value. In addition, the city's import and export value to countries along the "Belt and Road" was 146.3 billion yuan, accounting for 27.8% of the city's total import and export value during the same period.



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