According to statistics of Ningbo Customs, from January to November, the total volume of import and export of Ningbo amounted to 688.97 billion yuan, up 22.9% over the same period of last year; among which, the import was 236.09 billion yuan, up by 39.9%, and the export was 452.88 billion yuan, up by 15.5% %, The cumulative trade surplus of 216.79 billion yuan.
Among them, in November alone, the import and export of Ningbo reached 72.09 billion yuan, an increase of 26.6%, of which 25.93 billion yuan was imported, up 32.2%; and 46.16 billion yuan was exported, an increase of 23.8%.
As the main import and export of the city, private-owned enterprises and foreign-invested enterprises reached 435.42 billion yuan and 196.95 billion yuan in January-November, up 24.7% and 14.4% respectively, accounting for 91.8% of the city’s total imports and exports in the same period. As a “stabilizer” of Ningbo’s foreign trade, private enterprises play a significant role. From January to November, the import and export volume continued to lead other types of enterprises, accounting for 63.2% of the total import and export volume of Ningbo City in the same period. Among them, exports reached 312.25 billion yuan and imports 121.37 billion yuan, up 18% and 45.7% respectively, achieving a trade surplus of 189.08 billion yuan.
The growth in the import and export of the top ten trading partners showed double-digit growth. From January to November, the import and export of major trading partners in Ningbo increased greatly. Among the top three trading partners, the import and export of the EU reached 141.71 billion yuan, up 16.5%; that of the U.S. amounted to 125.38 billion yuan, up 21.9%; that of ASEAN Exports reached 57.81 billion yuan, up 20.6%. In addition, the import and export to Japan increased by 21.3% to 42.47 billion yuan; the import and export to South Korea reached 35.55 billion yuan, up 29.5%; the import and export to Taiwan reached 35.64 billion yuan, up 18.6%; the import and export to Australia increased by 38.8% to 31.13 billion yuan; The import and export of Russia reached 17.57 billion yuan, up 34.3%; the import and export to Brazil was 15.95 billion yuan, up 34.1%; and the import and export to India was 15.21 billion yuan, up 35.1%.
The export of electromechanical products increased steadily and the import of many kinds of commodities increased obviously. In terms of exports, as the first export-oriented electromechanical product in Ningbo City from January to November, the total exports amounted to 250.99 billion yuan, up 18.1%, accounting for 55.4% of the total exports of Ningbo in the same period. Among the electromechanical products exported, the exports of electrical and electronic products Ranking the first place with an export volume of 85.14 billion yuan, an increase of 18%. Machinery and equipment followed closely and exported 72 billion yuan, an increase of 22.2%. On the import side, Ningbo imported 30.963 million tons of iron ore from January to November, down 8.3%; imported 3.322 million tons of lignite and coal, an increase of 42.9%; imported 2.999 million tons of refined oil, up 34.7%; imported primary shape plastic 318.9 Tons of tons, an increase of 20.2%.
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