632.25 billion yuan, a year-on-year increase of 11.9%!
On the afternoon of July 15th, Ningbo Customs released the Ningbo Foreign Trade Import and Export Transcript for the first half of the year. Data shows that in the first half of 2022, the total import and export volume of Ningbo City reached 632.25 billion yuan, an increase of 11.9% compared to the same period last year. Among them, exports reached 408.5 billion yuan, a year-on-year increase of 14.1%; The import reached 223.75 billion yuan, a year-on-year increase of 8.1%.
Private enterprises are the main force of import and export in the city, and their proportion has increased. In the first half of the year, the import and export of private enterprises in our city reached 448.17 billion yuan, a year-on-year increase of 12.9%, accounting for 70.9% of the total import and export volume of the city during the same period, with a year-on-year increase of 0.7 percentage points.
The European Union, the United States, and ASEAN are the top three trading partners. In the first half of the year, Ningbo’s imports and exports to the European Union, the United States, and ASEAN amounted to 116.22 billion yuan, 113.15 billion yuan, and 72.21 billion yuan, respectively, with year-on-year growth of 17.3%, 18%, and 19.8%, accounting for 47.7% of the city’s total foreign trade during the same period.
In addition, Ningbo’s import and export to countries along the Belt and Road amounted to 181.49 billion yuan, a year-on-year increase of 16.5%, accounting for 28.7% of Ningbo’s total import and export volume during the same period; Import and export to other RCEP member countries amounted to 160.98 billion yuan, a year-on-year increase of 3.7%, accounting for 25.5% of the total import and export volume of Ningbo City during the same period.
Mechanical and electrical products are the main export commodities, with an export value of 228.59 billion yuan, a year-on-year increase of 11.6%, accounting for 56% of the city’s total export volume. During the same period, textile and clothing exports reached 50.29 billion yuan, a year-on-year increase of 12.4%; The export of high-tech products reached 29.5 billion yuan, a year-on-year increase of 11.2%.
Affected by the rise in international “oil and gas” prices, the import value of finished oil and natural gas has significantly increased. In the first half of the year, Ningbo imported 9.66 billion yuan of refined oil, a year-on-year increase of 234%, and 3.35 billion yuan of natural gas, a year-on-year increase of 75.1%.
From a single month perspective, the growth rate of foreign trade significantly rebounded in May and June. Since May, with the overall improvement of domestic epidemic prevention and control situation, the effects of various stable growth policies have gradually emerged, and the overall growth rate of our city’s foreign trade has significantly rebounded. In May, the import and export of our city increased by 7.4% year-on-year, which was 7 percentage points faster than April. The growth rate in June further increased to 13.2%.
This article is reprinted. If there is any infringement, please inform us and we will delete it as soon as possible!
(Contributed by Ningbo Municipal Commission of Commerce)