Foreign Trade with Europe and US via Ningbo Port grows explosively
- Details
- Category: Ningbo District
- Published: Tuesday, 21 February 2012 10:01
Due to the severe cold spell in the northern hemisphere, Europe and US were terribly battered by the heavy snow recently. However, foreign trade enterprises in Ningbo find enormous business opportunities. According to Ningbo Customs, containers with down jackets, heating equipment and other commodities are being exported to Europe and North America.
Despite the instability and uncertainty of world economy, foreign trade enterprises in Ningbo are seeking new opportunities. According to the statistics from Ningbo Customs, the foreign trade via Ningbo Port reached 17.86 billion USD in January, 2001, up 4.2% over the previous year. EU continues to be the largest export market of Ningbo Port. The trade volume between EU and Ningbo was 3.63 billion USD, up by 4.4%, with 3.32 billion USD of export output increased by 5.3%. The export output to US market reached 1.95 billion USD, up by 4.8%.
Those responsive private enterprises took the lead to embark new market in Europe and US. Several days ago, Ningbo New Ziyuntang Aquatic Products Co. Ltd and American North Food Co. Ltd reached an agreement that traditional Chinese food like dried purple seaweeds and potherb mustard will be put into US market no later than March, 2012. Apart from the existing product lines, Ningbo South Pacific Hotel Device Co. Ltd has started to produce table furnishing articles and has seen orders filing in from EU market after Spring Festival. It is estimated that import and export output of Ningbo private enterprises has hit 8.45 billion USD in January, up 9.4% and accounting for 47.3% in the total volume that time.
Due to seasonal factors like the Spring Festival holiday, importations of plastics in primary forms, metal scraps, coal, grain and other resource commodities have decreased
