Exports grow substantially in Yinzhou District
- Details
- Category: Ningbo Business
- Published: Tuesday, 02 April 2013 10:09
Statistics from Yinzhou District Bureau of Commerce show that in the first two months of 2013, the total volume of import and export in the district reaches US$2.31 billion, an increase of 24.3% over the same period last year. The foreign trade shows a clear sign of bottoming out and starting to rise, with the export growing substantially and the main export markets developing well.
In the first two months, the total exports stood at US$1.68 billion, an increase of 26.4%, ranking No.1 in the whole city. The exports of mechanical and electrical products, textiles and garments and metal tools rank among the top three sectors with the volumes of US$820 million, US$460 million and US$140 million respectively, up by 27%, 28.4% and 27.3% respectively, forming a strong contrast with the low or even negative growth rate in 2012.
In terms of imports, in the first two months, the import volume reaches US$630 million, up by 19.2% over the same period last year. The structure of the imports has been optimized, with the imports of such products as key equipments and resource products and raw materials growing rapidly. The import volumes of these two kinds of products stand at US$15.11 million and US$72.95 million respectively, up by 227% and 199% respectively. They account for 1.8% and 11.5% of the imports in the district, up by 1.2 and 6.9 percentage points respectively over the same period last year.
With the foreign trade market flourishing, enterprises are busy improving themselves. Take Ningbo Junhe Pumps Holding Co. Ltd. Its pumps used to be mainly exported to Europe, and this year, by means of patent filing and technical reform, the company not only has enlarged its market shares in Europe and the US, but has successfully entered the Japanese market. The export volume in the first two months increases by over 40% over the same period last year.
In the first two months, driven by the uprising trend of export trade, the exports of Yinzhou District to the US, the EU, Asian markets and emerging markets amount to US$360 million, US$470 million, US$420 million and US$570 million, up by 28%, 23.9%, 20.7% and 29.8% respectively. It is worth noting that the export to the EU has gone out of the hard period with low or even negative growth rate in the second half of last year. The export to the emerging markets has been restored to reach the high growth rate of about 30% at the same time
