Foreign trade of Cixi exceeding 10 billion US dollars
- Details
- Category: Ningbo District
- Published: Monday, 06 February 2012 09:56
Updated statistics show that in 2011, the total volume of foreign trade of Cixi reached 10.168 billion US dollars, breaking through the 10 billion mark for the first time. Of the total, the exports reached 8.347 billion US dollar, and the import 1.821 billion to billion US dollars, increased by 24.0%, 21.2% and 38.4% respectively on the yearly base.
In 1988, Cixi started to implement its strategy of export-oriented economy. In the year, the city authorized Cixi Import and Export Company for the business of self-managed import and export and in the year, the volume of independent export reached 23,700 US dollars. In 1005, the export volume broke though 100 million US dollars. In 1997, it launched a foreign trade campaign called "Foreign Trade Enlightenment". In 2002, the export volume broke though the 1 billion US dollars mark and in 2011, the 10 billion US dollars mark. In the past 24 years, Cixi has made three leaps forward in foreign trade.
In face of the depressing markets in Europe and North America in 2011, while holding the existing markets, the city made great efforts to and open new ones, resulting in breakthroughs in this endeavor. In the last year, the city exported its products to 209 countries and regions and its export to new markets reached 3.538 billion dollars, increased by 30.0% over the precious year, covering 42.4% of the total value of export of the city. India, Russia and Brazil became the top three markets of Cixi.
