Copyright 2022 - Ningbo Life / Ningbo Expat

Import and export volume of Ningbo exceeds one trillion yuan

According to the data released by Ningbo Customs on January 18, Ningbo’s foreign trade import and export volume exceeded one trillion yuan for the first time in November, with an annual total of 1.19 trillion yuan for 2021, a year-on-year increase of 21.6%. To be specific, the export volume was 762.43 billion yuan, a year-on-year increase of 19%, and the import volume was 430.18 billion yuan, a year-on-year increase of 26.3%.

“From 259.15 billion yuan in the first quarter to 563.89 billion yuan in the first half year, and then to 1.19 trillion yuan in the whole year, Ningbo’s foreign trade volume rose against the global trend steadily, helping China become a stable anchor of the global economy and globalization." According to the analysis of a related person in charge from Ningbo Customs, such achievements can be attributed to the strong measures of epidemic prevention and control, the complete industrial chain and supply chain, and the concerted efforts of enterprises and government departments, which highlights the super capacity of manufacturing and consumption in Ningbo.

In addition to the increase in quantity, Ningbo’s foreign trade also achieved a steady improvement in quality last year.

“At present, we have successfully entered more than 300 semiconductor chip manufacturing plants in the world in the field of ultra-high purity sputtering targets, and we rank No.2 in terms of the market share in the world.” At the beginning of the new year, Yuan Haijun, the production director of Ningbo Jiangfeng Electronic Materials Co., Ltd., was confident in achieving a “good start” for production. It is one of the local enterprises in Ningbo that have been constantly improving their competitiveness in the international market through self pressurization and independent research and development. In 2021, the main bodies of the city’s market will be more active, with private enterprises as the main force, with an import and export volume of 840 billion yuan, a year-on-year increase of 20.1%, accounting for 70.4% of the city’s total import and export in the same period.

Ningbo is having more trade partners. Last year, Ningbo’s import and export volume to the EU, the United States and ASEAN, the top three trading partners of Ningbo, increased by 24.5%, 20.1% and 15.5% respectively year-on-year. Ningbo’s import and export volume to the “Belt and Road” countries reached 330.42 billion yuan, up by 20.3% over the same period, accounting for 27.7% of the total value of imports and exports. The import and export volume to other RCEP member countries was 312.34 billion yuan, a year-on-year increase of 15.8%, accounting for 26.2% of the total import and export volume of Ningbo in the same period.

“The year of 2021 is a new milestone of Ningbo’s foreign trade. In 2022, when the situation is still complex and severe and the foreign trade base is high, how to maintain the existing momentum and achieve the double-trillion goal is a problem that the whole foreign trade industry needs to think about.” said the person in charge. At present, various stable foreign trade policies of Ningbo customs have been in place in advance. This year, Ningbo will continue to stimulate new momentum of foreign trade development, promote the high-quality development of the pilot free trade zone and comprehensive bonded zone, fully implement the new supervision mode, deepen the reforms of “advance declaration”, “two-step declaration” and “two-stage access”, and continue to release the reform dividends

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