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Trade Surplus Reached Record High in Past 5 Years

News came from Ningbo Customs that Ningbo’s total volume of imports and exports reached 88.4 billion US Dollars in the first 11 months of 2012, a decrease of 1.5% over the same period last year, reaching the record high over the same period in the past five years. Among which, the imports reached 32.1 billion, US Dollars, a decrease of 6.28% over the same period last year and the exports reached 56.3 billion US Dollars, an increase of 1.5% over the same period last year. The trade surplus totalled 24.2 billion, an increase of 14%. The surplus expanded significantly was mainly due to the sharply fall of commodity futures, steel and copper imports in this year.

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