Year on year growth of 6.9%! The transcript of Ningbo's foreign trade in the first half of the year has been released

On July 20th, Ningbo Customs released the report of Ningbo's foreign trade in the first half of the year - the total import and export volume of Ningbo in the first half of the year was 771.26 billion yuan, a year-on-year increase of 6.9%, and the foreign trade trend was stable.
Among them, exports amounted to 528.42 billion yuan, an increase of 7.8%, while imports amounted to 242.84 billion yuan, an increase of 5%. In June, imports and exports amounted to 142.8 billion yuan, an increase of 14.4%, an increase of 12.5 percentage points compared to the previous month.
The EU continues to maintain its position as the largest trading partner of Ningbo city. In the first half of the year, Ningbo's imports and exports to the European Union amounted to 135.17 billion yuan, an increase of 5.8%. Economic and trade cooperation with ASEAN continues to deepen, with imports and exports reaching 117.28 billion yuan, an increase of 12.5%.
During the same period, cooperation between Ningbo and Central and Eastern European countries in various fields deepened and became more solid, with a trade scale of 31.6 billion yuan, an increase of 3.1%. Imports and exports to Latin America and Africa amounted to 71.96 billion yuan and 50.63 billion yuan, respectively, with growth rates of 10.5% and 17.7%. In addition, imports and exports to countries jointly building the "the Belt and Road" reached 382.26 billion yuan, up 4.9%.
As the main force of foreign trade, private enterprises continue to maintain a stable growth trend. In the first half of the year, the import and export of private enterprises in Ningbo reached 604.66 billion yuan, an increase of 8.1%, contributing more than 90% of the city's foreign trade increment. Among them, exports amounted to 443.05 billion yuan, an increase of 9.8%; Imports amounted to 161.61 billion yuan, an increase of 3.6%. During the same period, foreign-invested enterprises imported and exported 123.7 billion yuan, while state-owned enterprises imported and exported 42.48 billion yuan.
Accurately adapting exported goods to the global market injects more certainty into global economic and trade cooperation. In the first half of the year, Ningbo exported mechanical and electrical products worth 305.46 billion yuan, an increase of 6.9%, accounting for nearly 60% of the city's overall exports. During the same period, the "New Three" products continued to inject new momentum into the global green and low-carbon transformation, with exports reaching 34.91 billion yuan, an increase of 134.5%. Under its umbrella, exports of electric vehicles, lithium-ion batteries, and photovoltaic products amounted to 22.18 billion yuan, 7.67 billion yuan, and 5.06 billion yuan, respectively, with growth rates of 209.8%, 62.8%, and 67.8%, respectively.
In addition, the World Cup has sparked a global consumption wave for various sports goods, with exports of sports goods and equipment reaching 4.7 billion yuan. Among them, the total exports of basketball, football, and volleyball increased by 20.9%.
The import of some resources, raw material products, and high-tech products maintains a good growth trend. In the first half of the year, imported metal ores and sands, as well as unprocessed copper and copper materials, reached 28.96 billion yuan and 25.79 billion yuan, respectively, an increase of 14.8% and 20.4%.
During the same period, Ningbo imported high-tech products worth 12.69 billion yuan, an increase of 31.3%. Among them, electronic information and high-end equipment increased by 39.6% and 47.8% respectively, providing precise support for the development of emerging industries.