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Import & export volume via Ningbo Port exceeds 100 billion yuan in January

Statistics from Ningbo Customs show that in January 2015 the total import and export volume via Ningbo Port stands at 106.5 billion yuan, down by 13% over the same period of last year. The export volume is 78.39 billion yuan, up by 10.4%, while the import volume decreased greatly due to the current gloomy macro economic situation.

From the perspective of the import and export markets, the top ten trade partners for Ningbo are the EU, the US, the ASEAN, Iran, Taiwan, Japan, Saudi Arabia, South Korea, Brazil and the UAE, with a total trade volume of 68.51 billion yuan, accounting for 64.3% of the total. On January 22, Mr. Mario Draghi, President of the European Central Bank, announced to expand the assets purchase scale. The easy monetary policies of the Eurozone have provided new opportunities for the exports of foreign trade enterprises, including those in Ningbo. According to the statistics of Ningbo Customs, the trade volume with the EU countries via Ningbo Port in January this year reaches 23.12 billion yuan, up by 11.7% over the same period of last year, including 21.14 billion yuan for exports, up by 13.8%. The trade volumes with the UK, Germany and Holland rank high on the top, while that with Iran declined by 56.9%, the largest drop rate among all the markets.  

 

In terms of the product category, the labor-intensive products still dominate the exports. The commodity with the highest export volume in January via Ningbo Port is textile yarns, fabrics and related products, with a total export volume of 11.07 billion yuan, up by 5.2% over the same period of last year. The second and the third go to garments and clothing accessories, and shoes, with the respective export volume of 6.17 billion yuan and 4.44 billion yuan, up by 2.9% and 2% respectively. The other commodities with high export volume include furniture and parts, high-tech products, plastic products, car parts, lamps and lighting equipment, agricultural produce and food. The export of the electromechanical products grows steadily, with the export volume of 36.65 billion yuan, up by 10.9%.

It is noteworthy that with the establishment of Ningbo Lishe Bonded Logistics Center and the operation of the first phase of Ningbo Airport Logistics Park, Ningbo has gradually become an international freight hub of the southern Yangtze River Delta area, and air transport becomes the new growth point for Ningbo's imports and exports. In January, the import and export volume in the form of air transport in Ningbo reached 1.11 billion yuan, up by 7% over the same period of last year.

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