Ningbo’s Foreign Trade Volume Exceeds 500 Billion Yuan
- Details
- Category: Governmental News
- Published: Tuesday, 25 November 2014 13:40
Many in-shops labeled Mascube appeared in shopping malls in Thailand and some Northern European countries. “That’s what we call WSFF. We provide comprehensive support for brand packing, store design and product display and so on, while only products of Mascube are being sold in the shops,” said Mei Feizhen, president of Ningbo Mascube Imp. & Exp. Corporation. Driven by the new business mode, their import and export volume is expected to have a year-on-year growth of over 30%.
Ningbo Mascube Imp. & Exp. Corporation is an example of the transformation and upgrading of countless foreign trade enterprises in Ningbo. The latest statistics from Ningbo Customs shows that, Ningbo’s import and export volume reached 535.76 billion yuan in the first 10 months in 2014, a year-on-year growth of 5.4%, 2.8% and 8% higher than the national average. The export volume reached 373.7 billion yuan, increasing by 12.4%. In dollar terms, the import and export volume are ＄87.22 billion and ＄60.83 billion, increasing by 6.7% and 13.8% respectively.
Business in three traditional markets have seen steady progress and in emerging markets, it’s going even faster. From January to October, Ningbo’s export volumes to EU, US and ASEAN are 114.42 billion yuan, 876.6 billion yuan and 444.8 billion, increasing by 11.1%, 9.7% and 9.5% respectively. In the same period, Ningbo’s export volumes to Australia, Russia and India are 23.12 billion yuan, 13.09 billion and 9.9 billion, increasing by 5.5%, 6.5% and 10.8% respectively.
Relying on brands and technology, Ningbo production is transforming faster into Ningbo intellectual production. Shenzhou International, a leading enterprise in the knitting industry in China, developed a new underwear of moisturizing and they have received orders worthy roughly ＄30 million from Uniqlo in Japan. Shenzhou International also built fabric factories and clothing production bases to lower the cost of international production. The Customs statistics shows that, in the first 10 months in 2014, Ningbo’s export volume of textile and clothing reached 71.21 billion yuan, a year-on-year growth of 10%, of which, in October, it reached 6.74 billion yuan, up15.8%, and a double-digit growth has been seen in 7 consecutive months.
Affected by the downward commodity prices, the import trade has been weak, but progresses have also been made. Driven by the international E-commerce, the import volume in Ningbo’s bonded and supervised zones reached 11.08 billion yuan, a year-on-year growth of 19.7% against the trend. There are over 20 import enterprises and 5,000 kinds of imported goods in Meishan Import ＆ Outlet Center, which opened in the beginning of 2014.
