Ningbo export to BRICS countries increases

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Category: Ningbo Business

Published: Wednesday, 18 April 2012 10:09

According to the latest statistics from Ningbo inspection and quarantine departments, in the first quarter of 2012, Ningbo's exports to Russia, Brazil, India and South Africa reached US$312.34 million, up by 17% over the same period last year.

It is learned that Ningbo enterprises have been paying unprecedented attention to those countries with emerging markets since the "Vuvuzela" became popular during the World Cup in South Africa. The domestic markets of these four countries, all boasting a large population, have a big demand for consumer goods after decades of golden period of development. Ningbo's small household appliances and textiles and garments are among the most popular goods there. In the first quarter, the export of air-conditioning parts and heaters reached US$34 million and that of textiles and garments reached US$23 million.

Specifically speaking, the export to Russia amounted to US$117 million, an increase of 25% over the same period last year, and the export to South Africa, US$56.11 million, an increase of 17%. The markets are growing much faster than the traditional markets in the developed countries