A Rapid Development of Foreign Trade in Meishan

Category: Ningbo Business
Published: Tuesday, 11 October 2016 10:02

According to news from Meishan Customs recently, the total value of imports and exports in Meishan bonded port areas have registered 3.04 billion yuan till August, a year-on-year increase of 39.6%, among which the revenue of imports stand at 1.71 billion, showcasing a rapid rise of 120%. 
The statistics show that in three major trading markets, namely, the EU, the US and South Korea, the revenue of trade till August respectively stands at 860 million, 560 million and 410 million, increasing separately by 110 %, 140% and 91.8%. In terms of products, principal imports consist of electromechanical products, vehicles, textile and clothing.
The import of vehicles advances significantly. Since 2016, a steady growth has been witnessed in the number of imported vehicles, reaching 321 per month with the total value over 100 million yuan. Till the end of August, imported vehicles have totaled 2,575, the figure being 1.3 times that of the same period last year and a rise of 13.79% compared to the annual figure of 2015. The trade value have stood at 1.113 billion, a year-on-year increase of 223% and rise of 46.95% compared to its counterpart of 2015. 266 vehicles were imported in August, which involved 115 million yuan, the two figures respectively registering a year-on-year increase of 220% and 237%.


To ensure a smooth operation of the vehicle import industry, the Meishan Customs has implemented several measures to accelerate the speed of customs clearance and boost the industry’s development, which include the advancement of paperless customs declaration and E-pay of taxes. Besides, it also puts L / G (letter of guarantee) into effect, reducing the fixed money required in daily operations of the enterprises and promoting the efficiency of customs clearance.
What’s more, special trades such as cross-border E-commerce and the import of yacca are gradually prospering and expanding. From Jan. to Aug., 3,684 yaccas have been imported from Meishan Port with a total value of 14.12 million, the two figures separately registering year-on-year increase of 15.45% and 27.61%. A core area for the development of cross-border E-commerce in Ningbo, Meishan witnesses a satisfactory growth of the E-commerce industry. During the same period, 307,500 import declaration forms have been inspected, involving 63.87-million-yuan revenue. From Dec. 2015 when real-name declaration was implemented to the end of August in 2016, Meishan Customs has dealt with 343,100 import declaration forms with the total revenue of about 72.81 million yuan. The products were primarily comprised of diapers, milk powder, health care products and cosmetics.