Wine import in the bonded zone has a stunning performance in the middle term
- Details
- Category: Ningbo Business
- Published: Tuesday, 07 August 2012 13:12
The latest figures from Ningbo Customs show that wine import accumulated to 4.416 million liters in bonded zone in the first half of this year, a slight year-on-year decrease of 3%. The total value stands at $22.74 million, up 8.8%; average import price at $5.1 per liter, up 12.2%. 90% of the goods are imported through Customs' special supervised area. And over 80% of imported wine are from French, Spain and Chile.
Ningbo bonded area has provided high efficiency for imported wine to pass the Customs and the supervision. Correspondingly, it has also established professional service platform, functioning as trade centre and exhibition centre, to provide multiple guarantee of quality and goods supply. Thanks to the "Ningbo Mode", the market of imported wine has witnessed a rapid and robust growth, from 3 companies importing wine in 2008 to 200 companies at present. Last year, 8.91 million liters of wine was imported making Ningbo the largest physical and professional wine-importing market in China.
A few days ago, symposium on imported wine (food) in free trade zone of China was held in Ningbo, discussing import mode and other topics. High appreciation towards Ningbo Mode was given by those in charge of industry regulators such as Market Operation Division of Commerce Department and Food Import and Export Chamber of Commerce and representatives from 14 bonded zones (Shanghai, Xiamen, Zhangjiagang, Fuzhou, Chendu, etc.) and some imported enterprises.
