7 Ningbo companies listed in China’s top 200 foreign traders

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Category: Ningbo Business

Published: Monday, 04 June 2012 10:11

Seven Ningbo companies are listed in the top 200 foreign traders in China, according to a research report recently released by the China Customs Magazine. Of these companies, Ningbo Qimei Electronics is listed in the top 100.

Among the 200 exporters, Ningbo Qi Mei Electronics Co., Ltd. and Ningbo Shenzhou Knitwear Group Co.,Ltd rank 145 and 159 respectively. The top 200 importers include seven Ningbo companies, namely, Ningbo Qi Mei Electronics Co., Ltd., Ningbo Zhongji Group Shares CO., Ltd., Zhejiang Yisheng Petrochemical Co.,Ltd, Ningbo Free Trade Zone Gaoxin Container Co.,Ltd., Ningbo Sunhu Chem Products Co.,Ltd. and Ningbo Pinggang Trade Co.,Ltd. The leading importer, Ningbo Qi Mei Electronics Co., Ltd., ranks 84.

The rating shows that factors including the internal migration of processing trade, increasing imports, and the growing trade in services contribute to the significant changes of China's foreign trade in 2011. Despite of the weak external demand, China's import and export in 2011 amounted to US$ 3.6 trillion, hitting a new high last year. Accordingly, the minimum import and export values increased significantly for the top 200 importers and exporters this year. Compared with 2011, the minimum value of the 200 exporters and importers rise to US$ 800 million and US$1.03 billion from US$ 640 million and US$ 820 million respectively