For the first time! Ningbo’s total import and export volume
- Details
- Category: Governmental News
- Published: Monday, 11 November 2024 14:31
exceeded the trillion mark in 9 months
Ningbo Zhoushan Port Daxie Port Area in the morning light
On October 16, Ningbo Customs released data showing that Ningbo’s total import and export volume exceeded 1 trillion yuan for the first time in the first three quarters, reaching 1.05 trillion yuan, a year-on-year increase of 10.3%.
Among them, the export value was 697.64 billion yuan, a year-on-year increase of 11%; The import value was 356.08 billion yuan, a year-on-year increase of 9%. In the third quarter, Ningbo’s import and export volume reached 373.27 billion yuan, a year-on-year increase of 12.1%, and the import and export volume in a single quarter hit a record high.
All kinds of business entities remained active, and the import and export volume of private enterprises achieved rapid growth.
In the first three quarters, the import and export volume of Ningbo’s private enterprises reached 800.21 billion yuan, a year-on-year increase of 11.6 percent, accounting for 75.9 percent of Ningbo’s total import and export volume in the same period, an increase of 0.9 percentage points, and the import and export volume of foreign-invested enterprises was 184.32 billion yuan, a year-on-year increase of 11 percent.
Market diversification has been steadily promoted, and imports and exports with major trading partners have increased.
In the first three quarters, Ningbo’s import and export volume to the top three trading partners of United States, the European Union and ASEAN reached 180.94 billion yuan, 180.48 billion yuan and 136.85 billion yuan respectively, an increase of 13.5%, 10.2% and 21% year-on-year respectively.
Australia is the fourth largest trading partner, with imports and exports reaching 53.59 billion yuan in the first three quarters, a year-on-year increase of 8.4%. Among Ningbo’s top ten trading partners, the import and export volume to Brazil grew the fastest year-on-year, at 25.7%.
In the same period, Ningbo’s imports and exports to the “Belt and Road” countries reached 461.88 billion yuan, a year-on-year increase of 9.4%; imports and exports to other RCEP member countries were 270.72 billion yuan, a year-on-year increase of 11.3%.
The structure of foreign trade products has been optimized, and mechanical and electrical products, resources, and raw materials have been significantly boosted.
In the first three quarters, Ningbo exported 398.55 billion yuan of mechanical and electrical products, a year-on-year increase of 11.9%. Among them, the export value of household appliances, electrical equipment, general machinery and equipment, and auto parts increased by 15.6%, 13.5%, 25.1%, and 14.1% year-on-year respectively, and the export value of containers increased by 381% year-on-year.
In the same period, Ningbo imported a total of 130.67 billion yuan of metal ores, copper, primary shape plastics, refined oil, natural gas, aluminum and other six types of resources and raw materials, a year-on-year increase of 17%, driving the import volume to increase by 5.8 percentage points
