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Import and export volume exceeding 1200 billion yuan

It was learned from Ningbo Customs on December 10 that in the first 11 months of 2014, the total import and export volume via Ningbo Port reached 1228.1 billion yuan, breaking the 1200 billion yuan mark, up by 3% over the same period of last year. The import volume stood at 414.8 billion yuan, down by 6.6%, while the export volume reached 813.3 billion yuan, up by 8.8%.

Private companies continue to be the main force for import and export. In the first 11 months, the import and export volume of private companies in Ningbo reached 676.4 billion yuan, up by 8.7%, accounting for 55.1% of the total volume. The EU and the US remained to be the top two trade partners for Ningbo, and in the first ten months, the trade volume to the above two markets were 227.7 billion yuan and 151.6 billion yuan, up by 14.6% and 6.2% respectively, accounting for 30.9% of the total. The major imports were resource products, and the major exports were machinery and electronic products, textile, clothes and shoes, both show a growing trend.

It is worth mentioning that in the first 11 months, Ningbo's exports to the emerging markets were active and the market diversification trend was evident. To be specific, the export volume to India stood at 22.1 billion yuan, up by 21.1%, that to Mexico, 15.82 billion yuan, up by 21%, that to Pakistan, 13.13 billion yuan, up by 11.2%, that to Iran, 13.07 billion yuan, up by 32.8%, and that to Egypt, 10.6 billion yuan, up by 32.3%.

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