China Blue News: Ningbo Port's import and export will reach a new historical high of 2.67 trillion yuan in 2025

Correspondents Cao Lihong and Xia Liwei report
　　   
The reporter learned from Ningbo Customs today that by 2025, the total declared import and export volume at Ningbo Port will reach 2.67 trillion yuan, a year-on-year increase of 5%, setting a new historical high after breaking through the 2.5 trillion yuan mark in 2024. Among them, the export scale exceeded 2 trillion yuan for the first time, reaching 2.02 trillion yuan, an increase of 8.1%; Imports amounted to 650.66 billion yuan, a decrease of 3.4%. In December, imports and exports, exports, and imports all achieved year-on-year growth.
Private enterprises have become the backbone of port foreign trade, and their dominant position continues to consolidate. In 2025, the import and export volume of private enterprises at Ningbo Port will reach 2.06 trillion yuan, an increase of 8%, which is 3 percentage points higher than the overall import and export volume of the port. The share of private enterprises in the overall import and export volume of the port will increase by 2.1 percentage points to 77%, driving the import and export growth of Ningbo Port by 6 percentage points.
The radiation level of the port to the surrounding area is further enhanced. In 2025, enterprises from other regions within the province will import and export 1.02 trillion yuan through Ningbo Port, reaching the trillion yuan platform for the first time, with a growth rate of 7.3%. They will contribute over 50% to the overall growth of port imports and exports, accounting for 53.7%. Among them, exports amounted to 955.54 billion yuan, an increase of 8%. During the same period, local enterprises in Ningbo imported and exported 972.93 billion yuan through Ningbo Port, an increase of 2.3%, accounting for 36.4%; The import and export of enterprises from other provinces amounted to 680.53 billion yuan, an increase of 5.8%, accounting for 25.5%.
The consolidation and expansion of traditional and emerging markets have brought sustained growth momentum to Ningbo Port. In 2025, the import and export trade volume of Ningbo Port to the European Union and ASEAN will be 479.53 billion yuan and 313.69 billion yuan respectively, with an increase of 11% and 19.3% respectively, accounting for nearly 30% of the overall foreign trade of the port and contributing 76.6% to the growth of foreign trade. During the same period, imports and exports to the United States amounted to 367.49 billion yuan, a decrease of 17.1%, or nearly one-fifth, accounting for 3.7 percentage points lower than the same period last year to 13.7%. In 2025, the import and export to countries jointly building the "the Belt and Road" will be 1.43 trillion yuan, an increase of 11.5%; Growth in emerging markets such as Latin America and Africa increased by 10.8% and 14.7% respectively.
Mechanical and electrical products, as well as labor-intensive products, constitute the main pillar commodities exported from Ningbo Port. In 2025, the export of mechanical and electrical products from Ningbo Port will reach 1.09 trillion yuan, an increase of 10.6%, while the export of labor and electrical products will reach 569.33 billion yuan, an increase of 6.5%. The combined contribution of mechanical and electrical products and labor and electrical products to the export growth of Ningbo Port during the same period will exceed 90%. Of particular note is the export performance of the "New Three" products, with exports of electric vehicles and lithium-ion batteries increasing by 305.8% and 129.1% respectively by 2025.
The import of multiple types of products has achieved counter trend growth. In 2025, the import of mechanical and electrical products at Ningbo Port will reach 57.4 billion yuan, an increase of 5.2%. Among them, computers and their spare parts, audio and video equipment and their parts, and tablet display modules will increase by 40.9%, 40.3%, and 12.1% respectively. During the same period, imports of unprocessed copper and copper materials amounted to 638000 tons, with a value of 43.24 billion yuan, an increase of 6.1%. In addition, imported bulk resource commodities such as iron ore and its concentrates, coal and lignite, natural gas, and crude oil have shown varying degrees of decline, with decreases of 6%, 41.1%, 28%, and 2.1%, respectively.