Ningbo's foreign trade consolidates its upward trend
- Details
- Category: Governmental News
- Published: Wednesday, 19 June 2024 14:18
On June 12th, it was learned from Ningbo Customs that in the first five months of this year, Ningbo achieved a total import and export volume of 560.95 billion yuan, up by 9.2% year on year. Among them, the export value reached 361.67 billion yuan, up by 8.2% year on year; The import value amounted to 199.28 billion yuan, a year-on-year increase of 11.1%.
"In May, Ningbo achieved an import and export volume exceeding 124 billion yuan, a year-on-year increase of 12.3%, 4.6 percentage points higher than April. Among them, the year-on-year growth rate of export volume is about 18%. Ningbo's foreign trade continues to consolidate its positive momentum, and its economic operation continues to rebound." The relevant person in charge of Ningbo Customs said.
The proportion of import and export volume of private enterprises has further increased.
In the first five months, the import and export volume of private enterprises in Ningbo exceeded 420 billion yuan, a year-on-year increase of 10.6%, accounting for 75% of the total import and export volume of Ningbo during the same period, with a proportion increase of 0.9 percentage points.
During the same period, the import and export volume of foreign-invested enterprises exceeded 100 billion yuan, a year-on-year increase of about 9%, while the import and export volume of state-owned enterprises was about 38.5 billion yuan.
Ningbo has achieved growth in trade volume with its top five trading partners.
In the first five months, Ningbo's top five trading partners were the United States, the European Union, ASEAN, Australia, and Japan, achieving import and export volumes of approximately 95 billion yuan, 93.7 billion yuan, 72 billion yuan, 29.7 billion yuan, and 23.7 billion yuan, respectively, with year-on-year growth of 14.5%, 3.5%, 19%, 18%, and 2%.
Over the same period, Ningbo's import and export to countries jointly building the "the Belt and Road" totaled 245.3 billion yuan, up 8% year on year; Import and export to other RCEP member countries reached 144.3 billion yuan, a year-on-year increase of about 11%.
The export value of traditional advantageous products continues to grow.
In the first five months, Ningbo's export of mechanical and electrical products exceeded 206 billion yuan, a year-on-year increase of 7.6%. Among them, the export values of household appliances and general machinery and equipment were 27 billion yuan and 15.7 billion yuan, respectively, with a year-on-year increase of 14.7% and 25.7%; With economic recovery and increased transportation demand, container demand has increased, and Ningbo's container exports have increased by 719% year-on-year.
The import volume of resources and raw material products has increased significantly.
In the first five months, the import volume of Ningbo's iron ore, copper, primary shaped plastics, refined oil, aluminum, and natural gas increased by 59%, 12%, 8%, 53%, 67%, and 7% year on year, respectively. During the same period, the import value of consumer goods reached 18.2 billion yuan
