Foreign trade increases in the first ten months

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Category: Governmental News

Published: Monday, 18 November 2013 20:47

According to the latest statistics from Ningbo Customs, in the first ten months of this year, the import and export volume via Ningbo Port reaches $172.7 billion, an increase of 5% over the same period last year. To be specific, the export volume stands at $108.7 billion, up by 4.4%, and the import volume, $64 billion, up by 6%. The trade surplus reaches $44.7 billion, up by 2.3% over the same period of 2012.

In terms of traders, private enterprises, state-owned enterprises and foreign-invested enterprises respectively achieved a total import and export volume of $90.3 billion (up by 7.1%), $43.5 billion (up by 7.1%) and $38.8 billion (down by 1.5%). The private enterprises continue to take the lead in port foreign trade with its total volume surpassing the combination of those of the state-owned enterprises and foreign-invested enterprises. The export volume of private enterprises reaches $75.5 billion, up by 7.7%, serving as the major contribution to the increase of the port foreign trade. In the first ten months, the major export products include machinery and electronic products and textile and garments, with the volumes of $35 billion and $18.4 billion, up by 5.8% and 10.3% respectively.

From the perspective of trade partners, the EU, the US and the ASEAN are still the top three for Ningbo Port, accounting for 34.9% of the total trade volume if combined. The trade volume to the EU stands at $29.1 billion, down by 0.4% over last year. The volume to the US stands at $20.6 billion, up by 7.2%. And that to the ASEAN reaches $10.6 billion, up by 7.2%. In the meanwhile, the exports to the EU, the US and the ASEAN continue to rise, with the volume standing at $25.9 billion, $17.6 billion and $7.7 billion, up by 0.2%, 6.4% and 10.1% respectively.