Ningbo's exportation to Libya hits new high
- Details
- Category: Ningbo Business
- Published: Tuesday, 03 July 2012 09:57
Ningbo-made products like clothing and small home appliances are hot in the Libyan market as Libya begins its post-war reconstruction. Customs statistics show, from this January to May, Ningbo's export volume to Libya reached US$ 57,550,000, a year-on-year increase of 5.6 times.
The statistics show that from this January to May, Ningbo's general trade exports to Libya tops US$ 52,720,000, a year-on-year increase of 6.1 times, accounting for 91.6 percent of total exports over the same period. Exports of the private compnies stood at US$ 41,490,000, a year-on-year increase of 7.1 times, accounting for 72.1 percent of the total exports over the same period. With no export was reported last May, the export volume in this May amounted to US$ 22,120,000, hitting a record high.
The major exporting products include air conditioners (US$ 12.79 million, a year-on-year increase of 56.9 times), small home appliances (US$ 6,808,000, a year-on-year increase of 6.7 times), textiles and clothing (US$ 5,458,000, a year-on-year increase of 8.9 times). However, customs analysts warn risks still exist in the exportation to Libya as the Libya's political situation remains unstable. They suggest Ningbo companies should be careful in handling exportation
