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Import and export volume of Ningbo increases

According to the statistitics from Ningbo Customs, from January to July this year, the import and export volume of Ningbo reached 661.36 billion yuan, up by 25.4% over the same period of last year. To be specific, the export volume was 420.99 billion yuan, up by 22.8%, and the import volume was 240.37 billion yuan, up by 30%.

Private enterprises are still the main force of import and export in the city. In the first seven months, the total import and export volume of the private enterprises was 465.92 billion yuan, a year-on-year increase of 25.3%, accounting for 70.4% of the total import and export volume of the city in the same period.

From the perspective of market expansion, the market demand for Ningbo products has continued to recover. On the one hand, the traditional market grew steadily, with the EU, the United States and ASEAN as the top three trading partners. From January to July,

Ningbo’s import and export volume to the European Union, the United States and ASEAN was 116.82 billion yuan, 114.01 billion yuan and 70.64 billion yuan respectively, with a year-on-year increase of 22.9%, 28.1% and 19.8% respectively.

On the other hand, the trade cooperation between Ningbo and international emerging markets is continuously deepening. Ningbo’s import and export volume to the “Belt & Road” countries reached 182.42 billion yuan, up by 24.6%, accounting for 27.6% of the total import and export volume of the city in the same period.

The export commodity structure has also been constantly optimized. According to statistics, the export volume of mechanical and electrical products, the main export commodities, in the first seven months, was 240.96 billion yuan, a year-on-year increase of 30.9%, accounting for 57.2% of the city’s total export volume. In terms of imports, the import of metal ore and ore has increased significantly, with an import volume of nearly 30 billion yuan, a year-on-year increase of 77.8%, among which the import volume of iron ore and its concentrate has increased by 82.2% and that of the copper ore and its concentrate has increased by 69.8% over the same period of last year

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