- Category: Ningbo Port
- Published: Monday, 18 June 2012 00:47
Ningbo Port, Ningbo, China, in May, exports pick up significantly. Ningbo Customs has released statistics show that the port exports reached $ 12.17 billion the month, an increase of 11.5 percent, one-month increase after March.
As of the end of May, the Ningbo port imports and exports totaled $ 80.62 billion, an increase of 3%. Among this, exports $ 49.24 billion, an increase of 6%; imports $ 31.38 billion, down 1.2 percent.
Private enterprise is the main export trade. In the first five months, exports of private enterprises of Ningbo Port reached 32.94 billion U.S. dollars, up 10.3 percent, accounting for 76.7 percent of the port's total exports for the same period. Mechanical and electrical products and other traditional advantages of merchandise exports maintained a good momentum of growth, an increase from the previous month to further enlarge in May. As of the end of May, Ningbo in the export of electromechanical products was $ 23.95 billion, an increase of 7.5%; textile and apparel exports of $ 10.31 billion, an increase of 6.1%. In addition, the increase in exports of furniture and parts, plastic products, over 10%.
International commodity market fluctuations, and resource commodities imported mixed. The first five months, Ningbo Port iron ore imports of 10.47 million tons, down 5.4%; coal imported 2.036 million tons, an increase of 4.6 times; plastics in primary forms imports 921,000 tons, an increase of 10.2 %.
Ningbo Customs believe that to stimulate investment in China to promote the introduction and implementation of series of initiatives such as the consumer, in the second half is expected to rebound in imports. At the same time, international commodity prices may continue to fall, domestic manufacturers will be in the low increase in raw material inventory, which will drive Ningbo port imports out of the woods