In the first 10 months, Ningxia's foreign trade imports and exports amounted to 17.41 billion yuan

According to statistics from Yinchuan Customs, the total import and export value of Ningxia's foreign trade in the first 10 months was 17.41 billion yuan, a year-on-year increase of 6.8%, ranking 13th in the country in terms of growth rate. Among them, exports amounted to 12.78 billion yuan, an increase of 7.2%; Imports amounted to 4.63 billion yuan, an increase of 5.6%.

Since the beginning of this year, the autonomous region has steadfastly expanded its high-level opening-up to the outside world, focusing on stabilizing employment, enterprises, markets, and expectations, effectively responding to external shocks, fully demonstrating strong development resilience. The foreign trade structure of the autonomous region has been continuously optimized, the development vitality of business entities has continued to increase, trading partners have become more diversified, and the overall development trend is improving, "said the person in charge of Yinchuan Customs.

All trade modes have steadily grown. In the first 10 months, imports and exports through general trade amounted to 14.88 billion yuan, an increase of 2.2%, accounting for 85.5% of Ningxia's total foreign trade value. The import and export through processing trade amounted to 1.3 billion yuan, an increase of 28.7%, accounting for 7.5%. Import and export through bonded logistics amounted to 1.22 billion yuan, an increase of 79.5%, accounting for 7%.

Private enterprises account for nearly 80%. As a powerful engine for the economic development of our region, private enterprises continue to inject strong momentum into promoting stable and high-quality foreign trade in the autonomous region. In the first 10 months, the import and export of private enterprises in Ningxia reached 13.6 billion yuan, an increase of 7.8%, accounting for 78.1%, driving the import and export growth of the autonomous region by 6 percentage points. There were 600 private enterprises with import and export performance, an increase of 5 compared to the same period last year, an increase of 0.8%. During the same period, foreign-invested enterprises imported and exported 2.71 billion yuan, accounting for 15.5%; State owned enterprises imported and exported 1.11 billion yuan, accounting for 6.4%.

Major trade markets such as the European Union and ASEAN have maintained growth. In the first 10 months, Ningxia's imports and exports to the European Union amounted to 2.9 billion yuan, an increase of 14%, accounting for 16.7%; Imports and exports to ASEAN amounted to 2.83 billion yuan, an increase of 4.2%, accounting for 16.2%; Imports and exports to India amounted to 1.48 billion yuan, an increase of 14.6%, accounting for 8.5%; Imports and exports to Hong Kong, China amounted to 1.12 billion yuan, an increase of 41.7%, accounting for 6.5%. Over the same period, the import and export to countries jointly constructing the "the Belt and Road" reached 8.57 billion yuan, an increase of 11.5%, accounting for 49.2% of the total import and export value. The high-quality joint construction of the "the Belt and Road" continued to go deep and solid.

In terms of imports, mechanical and electrical products are the main driving force for import growth. In the first 10 months, the import of mechanical and electrical products in Ningxia reached 1.39 billion yuan, an increase of 85.2%, accounting for 30.2% of Ningxia's total import value (the same below). The main imported mechanical and electrical products include spandex winding machines, which increased by 333.8%, and data gear grinders, fine yarn machines, milling and turning composite machining centers, gantry milling machines, and CNC vertical lathes, which increased by 220 million yuan. During the same period, imports of metal ore and mineral sand amounted to 1.02 billion yuan, accounting for 22%; Agricultural product imports amounted to 460 million yuan, accounting for 9.9%.

In terms of exports, there has been a significant increase in the export of electromechanical products and agricultural products. In the first 10 months, the export of mechanical and electrical products in Ningxia reached 2.12 billion yuan, an increase of 41.6%, accounting for 16.6% of Ningxia's total export value (the same below). The main exported mechanical and electrical products were excavators and loaders, which increased by 3038.9% and 1331.4% respectively. The export of agricultural products reached 1.75 billion yuan, an increase of 23.6%, accounting for 13.7%. The main export agricultural products were cold vegetables, which increased by 65.4%, beef and mutton, which increased by 44.4%, fruit and vegetable juices, which increased by 43.8%, and wine, which increased by 14.7%. During the same period, the export of basic organic chemicals was 2.61 billion yuan, accounting for 20.4%; Antibiotics exports amounted to 700 million yuan, accounting for 5.5%.