The annual port import and export volume reached a new high! On January 24th, data released by Ningbo Customs showed that last year, the total import and export volume of Ningbo Port reached 2.05 trillion yuan, exceeding 2 trillion yuan for the first time, a record high for the year, with a year-on-year increase of 23.7%. Among them, exports were 1.46 trillion yuan, up 20.4% year-on-year, and imports were 589.97 billion yuan, up 32.7% year-on-year.
“The annual import and export volume is 2 trillion yuan, which is a hurdle for a port. At present, although the impact of the COVID-19 epidemic on foreign trade still exists, Ningbo Port has steadily crossed this hurdle. This means that Ningbo is becoming one of the strategic link points of the domestic and international double cycle. ” The relevant person in charge of Ningbo Customs said.
Specifically, the proportion of private enterprises and the contribution rate of foreign trade growth all exceed 70%. Last year, the import and export of private enterprises was 1.44 trillion yuan, a year-on-year increase of 24%, accounting for 70.2% of the total import and export value of Ningbo Port in the same period, and contributing 71% to the overall growth of Ningbo Port’s import and export. In the same period, the import and export of foreign-invested enterprises was 330.62 billion yuan, up 19.1% year-on-year.
The import and export volume of major markets is eye-catching, with double-digit growth. Last year, the European Union, the United States and ASEAN were the top three trading partners, with import and export of 366.56 billion yuan, 363.58 billion yuan and 201.67 billion yuan respectively, up by 31.2%, 22.9% and 18.8% respectively. In the same period, the import and export of RCEP trading partners reached 424.41 billion yuan, up 18.5% year-on-year.
Mechanical and electrical products lead export growth, contributing nearly 60% to export growth. Last year, Ningbo Port exported 765.12 billion yuan of mechanical and electrical products, a year-on-year increase of 24%, contributing 59.6% to the export growth of Ningbo Port, accounting for 52.4% of the total export value of Ningbo Port in the same period. In the same period, the export of high-tech products grew rapidly, with the export volume exceeding 95 billion yuan, up 31.9% year-on-year.
The import and export of foreign enterprises at Ningbo Port exceeded one trillion yuan, accounting for over 60%. Last year, Ningbo enterprises imported and exported 819.23 billion yuan at Ningbo Port, a year-on-year increase of 21.6%. The import and export of foreign enterprises at Ningbo Port was 1.23 trillion yuan, up 25.1% year-on-year, accounting for 60% of the total import and export value of Ningbo Port in the same period.
The import of resource commodities at Ningbo Port continued to expand last year. Among them, the value of imported crude oil increased by 34.1%, the value of imported non-ferrous metals increased by 98.6%, and the value of imported basic organic chemicals increased by 34%, accounting for 49.7% of the total import value of Ningbo Port in the same period, driving the import growth of Ningbo Port by 21.8 percentage points.
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(Contributed by Ningbo Municipal Commission of Commerce)