From January to April, the scale of Ningbo's foreign trade exceeded 500 billion yuan

The picture shows Ningbo Customs officers supervising exported goods. Photo by Hu Bobo

On April 13th, Zhejiang Ningbo Xiecheng Electric Tool Co., Ltd. efficiently completed customs clearance procedures at Ningbo Customs for a batch of cutting machine discs and bases imported from Vietnam with a value exceeding 160000 yuan. The entire process from declaration to release of this batch of goods only took one day, achieving same day declaration, same day customs clearance, and same day pickup. The continuous acceleration of cross-border supply chain operation has become a vivid reflection of the steady growth of imports and exports in Ningbo in the first four months. According to data released by Ningbo Customs, the total import and export value of Ningbo City from January to April reached 501.7 billion yuan, an increase of 6.3% compared to the same period last year, and the total foreign trade volume steadily increased. Among them, exports amounted to 336.32 billion yuan, an increase of 4.8%, while imports amounted to 165.38 billion yuan, an increase of 9.3%.
The vitality of market entities continues to be released, and private enterprises are bravely taking on the lead. From January to April, the import and export of private enterprises in Ningbo reached 388.46 billion yuan, an increase of 6.1%, driving the city's import and export growth by 4.8 percentage points, accounting for 77.4% of the city's total import and export value, and serving as the main driving force for the city's import and export growth; Among them, exports amounted to 281.5 billion yuan, an increase of 7.2%, while imports amounted to 106.96 billion yuan, an increase of 3.4%. During the same period, the import and export of foreign-invested enterprises reached 82.63 billion yuan, an increase of 6.8%; The import and export of state-owned enterprises reached 30.37 billion yuan, an increase of 6.3%.
Traditional markets are making steady progress, while emerging markets are expanding vigorously. From January to April, imports and exports to the European Union amounted to 87.03 billion yuan, an increase of 6.9%. Among them, imports and exports to Germany and Spain amounted to 19.3 billion yuan and 8.57 billion yuan, an increase of 12.9% and 20.9%, respectively; Imports and exports to ASEAN amounted to 76.91 billion yuan, an increase of 14.4%; The top two markets together account for 32.7% of the city's total import and export value. During the same period, imports and exports to Africa amounted to 31.98 billion yuan, an increase of 15.5%. In addition, the import and export to countries jointly building the "the Belt and Road" was 249.96 billion yuan, up 5.3%, accounting for 49.8%.
Behind the impressive data is the precise grasp of market demand and the continuous consolidation of product competitiveness.
In the office area of Ningbo Huixing Technology Development Co., Ltd. (hereinafter referred to as Huixing Technology), batches of household appliance accessories are being prepared intensively and will soon be sent to overseas markets such as the Middle East, North Africa, and Southeast Asia. As a deep cultivator in the foreign trade field of home appliance accessories in Ningbo and a "veteran exhibitor" of the Canton Fair, Huixing Technology's exports to Egypt from January to April amounted to nearly 67 million yuan, a significant increase of 61% year-on-year, continuously polishing the solid foundation of "Ningbo Foreign Trade" in exploring emerging markets. The significant increase in exports to Egypt is due to decades of deep industry cultivation, stable customer resources, and adherence to quality, "said Hong Lina, a document officer of the company." The company will rely on the advantages of Ningbo Port and foreign trade support policies to continuously improve import and export service efficiency, avoid trade risks, and smooth overseas channels. "Many enterprises like Huixing Technology are seizing market opportunities, expanding trade scale, and injecting momentum into the upgrading of Ningbo's foreign trade.
From the specific product data, mechanical and electrical products continue to play a leading role, and the "new three types" products continue to maintain strong growth momentum. From January to April, Ningbo exported mechanical and electrical products worth 196.09 billion yuan, an increase of 4.2%, accounting for 58.3% of Ningbo's total export value. During the same period, the export growth momentum of "new three types" products remained strong, with a total export of 21.75 billion yuan, an increase of 144.2%. Among them, the export of electric vehicles was 13.43 billion yuan, an increase of 223.6%, the export of lithium-ion batteries was 4.47 billion yuan, an increase of 45.2%, and the export of photovoltaic products was 3.85 billion yuan, an increase of 129.7%. In addition, motorcycle exports performed well, with exports reaching 1.14 billion yuan, an increase of 101.7%; The export of industrial robots reached 150 million yuan, an increase of 15.2%.
The import of some resources and raw material products continues to improve, with high-tech products driving import growth. From January to April, Ningbo imported metal ore and mineral sand, unprocessed copper and copper materials worth 19.36 billion yuan and 15.93 billion yuan, respectively, an increase of 12.9% and 11.1%. During the same period, imported natural gas reached 1.14 billion yuan, an increase of 74.2%. In addition, the import of high-tech products reached 14.69 billion yuan, an increase of 16.2%, driving the import growth by 1.4 percentage points. Among them, the import of integrated circuits reached 7.23 billion yuan, an increase of 18.3%. (Sun Yingping and Wang Lingke)