Import and export volume of Ningbo Port increases

Category: Governmental News
Published: Thursday, 13 May 2021 14:01

On May 11, the import and export statistics of Ningbo Port were released. According to the statistics from Ningbo Customs, from January to April, the total import and export volume of Ningbo Port reached 596.15 billion yuan, up by 30.4% year on year. To be specific, the export volume was 422.19 billion yuan, up by 34% year on year, and the import volume was 173.96 billion yuan, up by 22.3%.
In the first four months, the import and export volume of the general trade of Ningbo Port stood at 532.96 billion yuan, up by 34.1% over the same period of last year, accounting for 89.4% of the total of the port, with a year-on-year increase of 2.5 percentage points. To be specific, the export volume was 386.73 billion yuan, up by 34.7%, and the import volume was 146.23 billion yuan, up by 32.4%.
Enterprises from places other than Ningbo account for about 60% of the imports and exports. From January to April, the import and export of local enterprises via Ningbo Port reached 246.85 billion yuan, up by 35.3% year on year, accounting for 41.4% of the total

import and export value of Ningbo port in the same period. Meanwhile, thanks to the strategy of "Zhejiang goods going through Zhejiang ports", all the other cities in Zhejiang Province witnessed import and export increase via Ningbo Port. For example, the import and export growth of Jiaxing, Jinhua and Huzhou via Ningbo Port grew by 53.2%, 52.4% and 42% respectively, ranking the top three among the cities in the province.
The vitality of private enterprises has increased, contributing nearly 90% to the growth of import and export. Data show that from January to April, the major forces for import and export of Ningbo Port were mainly private enterprises, with their import and export volume standing at 415.19 billion yuan, a year-on-year increase of 40.4%, accounting for 69.6% of the total in the same period, and the proportion increased by 5 percentage points, contributing 86.1% to the overall import and export growth of Ningbo port.
The import and export of Ningbo port and its major trading partners still maintained a high-speed growth. In the first four months, all the top ten trading partners of Ningbo Port achieved growth, with a total import and export of 403.81 billion yuan, a year-on-year growth of 36.4%, 6 percentage points higher than that of Ningbo Port in the same period, accounting for 67.7% of the total import and export of the port in the same period. Among them, the European Union (excluding the United Kingdom), the United States and ASEAN are the top three trading partners, with the import and export volume of 101.98 billion yuan, 100.88 billion yuan and 63.77 billion yuan respectively, up by 36.3%, 53.2% and 35% year on year respectively. In addition, the "Belt and Boat" countries and regions achieved an import and export volume of 197.3 billion yuan, up by 19.5% over the same period of last year. The import and export volume to the RCEP trading partners reached 131.03 billion yuan, up by 29.8% year on year. And that to the Central and Eastern European countries reached 19.83 billion yuan, up by 30.8% year on year.
The main export commodities via the port are mechanical and electrical products and labor-intensive products. The export volume of the mechanical and electrical products reached 220.45 billion yuan, a year-on-year increase of 44%, accounting for 52.2% of the total of Ningbo Port in the same period. Among others, the exports of containers, all-terrain vehicles, treadmills and automobiles (including chassis) doubled and redoubled, with the year-on-year growth of 381.3%, 182.5%, 144.4% and 236.3% respectively