Ningbo’s foreign trade has made a good start

On April 17, it was learned from Ningbo Customs that when the overall economy was picking up, Ningbo's foreign trade handed over a brilliant report card in the first quarter: the total import and export volume was 321.89 billion yuan, an increase of 8.6% year-on-year, and the scale of foreign trade hit a new high in the same period in history, ranking fifth in the country. Among them, the export value was 203.3 billion yuan, a year-on-year increase of 6.3 percent, and the import value was 118.59 billion yuan, a year-on-year increase of 12.9 percent.

"It is not difficult to see from the first quarter report that the characteristics of Ningbo's foreign trade 'quality improvement' continue to appear, and the momentum of 'quantity stability' has been effectively consolidated. "The relevant person in charge of Ningbo Customs said.

The vitality of the main body bursts out. In the first quarter, the import and export volume of Ningbo's private enterprises was 237.7 billion yuan, a year-on-year increase of 9.4%, accounting for 73.8% of Ningbo's total import and export volume in the same period. "The raw materials of health care products we produce are quite popular with foreign customers, and the export volume in the first quarter exceeded 80 million yuan, a year-on-year increase of more than 7 times." Fang Fei, manager of Ningbo Yujian Pharmaceutical Co., Ltd., was very excited.

The market layout is diversified and progressive. In the first quarter, Ningbo's trade with the United States continued to pick up, with an import and export volume of nearly 54 billion yuan, a year-on-year increase of 15.4%, and the quarterly growth rate hit a new high in eight quarters. The import and export volume to the EU was basically the same as the same period last year, the import and export volume to ASEAN increased by 11.6% year-on-year, and the import and export volume to the Belt and Road countries increased by 7% year-on-year.

Traditional advantages are gaining momentum. In the first quarter, the export of Ningbo's traditional advantageous products continued to pick up, and the export value of labor-intensive products, household appliances, general machinery and equipment, containers, and ships increased by 10%, 14%, 22%, 677%, and 71% year-on-year respectively. The above five types of traditional advantageous products contributed a total of 9.03 billion yuan to the increase in exports, driving the city's export growth by 4.7 percentage points.

Resource products dominate imports. In the first quarter, the import value of metal ores, unwrought copper, refined oil, primary plastics, and natural gas increased by 74%, 26%, 93%, 4% and 45% year-on-year respectively, contributing a total of 15.35 billion yuan to the increase in imports, driving the city's import volume to increase by 14.6 percentage points.