Foreign trade in Ningbo this year
- Details
- Category: Governmental News
- Published: Tuesday, 27 December 2011 19:56
Despite the declining foreign demand caused by the debt crises of the western countries, the foreign trade of Ningbo is still on a considerable rise. Statistics of Ningbo Customs show that in the first 11 months this year, the import and export trade has totaled about 90 billion US dollars, a new high in the history. The amount of export made in the 11 months is more than that of Beijing, ranking the fifth position in the country.
The statistics of the customs show that in the first 11 months, the import and export value 89.76 billion US dollars, up by 19.5%. Of the total, the import is 34.24 billion US dollars, and the export 55.52 billion, up by 23% and 17.4% respectively. In November alone, the import and export trade has totaled 8.57 billion US dollars, increased by 10.6%. Of the total, the import is 3.34 billion US dollars, and the export 5.23 billion, up by 13.9% and 8.6% respectively.
This year, due to the weak economic recovery of the EU and the US, the foreign demand in China is declining, which affects the export business of Ningbo. The statistics of the customs show that in the first 11 months this year, the exports Ningbo has made to the US value 9.81 billion US dollars, and the exports to the EU 15.72 billion US dollars, increased by 15.4% and 10.6% respectively, lower than the average growth rate of the city. In this situation, Ningbo has made greater efforts to expand the markets in the bric countries. In the first 11 months this year, the amount of exports Ningbo has made to Russia reaches 1.51 billion dollars, increased by 44.4%; the total value of export to Brazil reaches 1.35 billion US dollars, increased by 26.5%; the total value of export to India reaches 1.28 billion US dollars, increased by 31.2%. All are above the average growth rate of export of the city
