Ningbo's import and export volume increases by 6.4%

Category: Governmental News
Published: Monday, 18 November 2019 16:59

According to the statistics from Ningbo Customs, in the first ten months of this year, the total import and export volume of Ningbo reached 755.97 billion yuan, up by 6.4% over the same period of last year. To be specific, the import volume stood at 263.11 billion yuan, up by 3.6%, and the export volume, 492.86 billion yuan, up by 7.9%, with a trade surplus of 229.75 billion yuan.
As the major forces for import and export trade, the private enterprises and foreign-funded enterprises achieved the total import and export volumes of 510.32 billion yuan (up by 10.5% over the same period of last year) and 189.36 billion yuan (down by 0.03%) respectively, and they account for 92.6% of the total. The private enterprises have played a significant role in this aspect. The import and export volume of the private enterprises account for 67.5% of the total, an increase of 2.5 percentage points over the same period of last year.

It is noteworthy that despite the decline of the US market, Ningbo has maintained a steady growth in such major import and export markets as the EU, the ASEAN and Japan. The growth rate of the import and export with the "Belt and Road" countries is notably higher than the average rate