According to the statistics of Ningbo Customs, from January to October, the total foreign trade of Ningbo was 798.51 billion yuan, up 5.6% compared with the same period last year (the same below); among them, import was 276.72 billion yuan, up 5.2%, and export was 521.79 billion yuan, up 5.8%.
Among them, private enterprises and foreign-invested enterprises, as the main import and export force of the city, and their import and export reached 568.93 billion yuan and 176 billion yuan respectively, up 11.6% and down 7.1% respectively, accounting for 93.3% of the city’s total import and export volume in the same period. In October, the import and export of Ningbo city reached 87.54 billion yuan, up 16.9%, among which, the import rate reached 30.25 billion yuan, up 15.6%, and the export rate reached 57.29 billion yuan, up 17.5%.
The United States, the European Union (excluding the UK, the same below) and ASEAN are the top three trading partners.
From January to October, Ningbo city’s import and export to the United States, the European Union and ASEAN were 140.7 billion yuan, 140.37 billion yuan and 87.86 billion yuan respectively, up 18.8%, 6.1% and 11.2% respectively, which jointly accounted for 46.2% of the city’s total foreign trade in the same period. In addition, Ningbo city’s import and export to countries along the “Belt and Road” route reached 222.36 billion yuan, up 3.8%, accounting for 27.8% of the total import and export value of Ningbo city in the same period. During the same period, the import and export volume of Ningbo and the 17 CEE countries reached 23.9 billion yuan, up 1.3%.
Mechanical and electrical products and labor-intensive products are the main export commodities.
From January to October, Ningbo exported mechanical and electrical products to 284.79 billion yuan, up 5%, accounting for 54.6% of the total export in the same period; exported labor-intensive products to 146.98 billion yuan, up 11%, accounting for 28.2% of the total export in the same period. Imports of mechanical and electrical products, high and new-tech products and some bulk commodities increased. Imported mechanical and electrical products RMB 45.08 billion, up 3.8%; imported high-tech products RMB 30.12 billion, up 4%; imported copper RMB 25.49 billion, up 70%; imported metal and ore RMB 25.43 billion, up 18.9%; imported agricultural products RMB 19.35 billion, up 22.8%.
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