Year on year growth of 7.5%! In the first 7 months, Ningbo's import and export amounted to 906 billion yuan

On August 13th, Ningbo Customs released the foreign trade report of Ningbo for the first 7 months. In the first seven months, the total import and export volume of our city was 906.04 billion yuan, a year-on-year increase of 7.5%. Among them, the export value was 623.32 billion yuan, a year-on-year increase of 9%; The import value was 282.72 billion yuan, a year-on-year increase of 4.4%. Among them, in July, the import and export volume was 134.76 billion yuan, a year-on-year increase of 11.3%.
The EU continues to maintain its position as the largest trading partner of Ningbo. In the first seven months, Ningbo's import and export volume to the European Union was 160.43 billion yuan, a year-on-year increase of 7.3%. During the same period, foreign trade with ASEAN maintained high-speed growth, achieving an import and export volume of 136.6 billion yuan, a year-on-year increase of 12.6%; The import and export volumes to Japan and South Korea were 36.38 billion yuan and 32.57 billion yuan, respectively, an increase of 3.7% and 6% year-on-year; The import and export volume to Latin America and Africa was 85.45 billion yuan and 60.13 billion yuan respectively, an increase of 11.5% and 19.6% year-on-year.
Private enterprises firmly occupy the position of the largest foreign trade entity. In the first seven months, the import and export volume of private enterprises in Ningbo was 710.21 billion yuan, a year-on-year increase of 8.7%, driving the growth of our city's import and export by 6.8 percentage points, accounting for 78.4% of our city's total import and export value. Among them, the export value was 522.5 billion yuan, a year-on-year increase of 10.9%; The import value was 187.71 billion yuan, a year-on-year increase of 3.2%.
Further optimization of product structure and accelerated development of new energy manufacturing industry. In the first seven months, the export value of mechanical and electrical products in Ningbo was 360.3 billion yuan, a year-on-year increase of 8.3%, accounting for 57.8% of the total export value of Ningbo city and consolidating the export base. During the same period, the export value of "new three types" products was 41.36 billion yuan, a year-on-year increase of 128.3%; The export value of electric vehicles, lithium-ion batteries, and photovoltaic products was 26.78 billion yuan, 8.93 billion yuan, and 5.65 billion yuan, respectively, an increase of 210.9%, 50.1%, and 59% year-on-year.