Ningbo Foreign Trade Import & Export Breaks 80 Billion U.S. Dollar Mark in 2010

Ningbo Foreign Trade, which has undergone the international financial crisis, has achieved a historic leap. The annual import and export volume exceeded the US$80 billion mark for the first time. The Municipal Bureau of Foreign Trade and Economic Cooperation released the latest statistics of the customs yesterday. In 2010, the city’s total import and export volume reached 82.9 billion US dollars, an increase of 36.3% year-on-year, including 30.94 billion US dollars of imports and 51.97 billion US dollars of exports, an increase of 39.6% and 34.5% year-on-year respectively. .

Compared with 2009, the city’s total import and export volume increased by 22.1 billion U.S. dollars last year, continuing to exceed 70 billion U.S. dollars and 80 billion U.S. dollars. According to statistics from the Ministry of Commerce, in the country's 36 provinces (municipalities), autonomous regions, and cities under separate planning, Ningbo’s total imports and exports ranked 9th, entering the top 10 for the first time, while imports and exports were ranked 11th and 9th respectively. Bit.

Last year, the city seized the opportunity for the recovery of external demand in the international market. The government and enterprises jointly developed markets and achieved positive results. The year-on-year growth of the city’s exports to the EU and the U.S. traditional markets was close to 40%, and exports to key emerging markets such as Brazil and Russia increased by more than 80%. At present, there are more than 220 countries and regions that directly trade with Ningbo.

General trade exports have grown strongly. Relevant information shows that at present, Ningbo's general trade exports account for 5.5% of the country's total, which is 0.5% higher than before the financial crisis. A group of export commodities that represent Ningbo's industrial competitiveness, such as electric irons, heaters, and twin-cylinder washing machines, have become the national singles champions for exports and are sold around the world. Last year, the city’s exports of mechanical and electrical products totaled US$29.37 billion, an increase of 38.4% year-on-year, accounting for 56.5% of the city's total exports. Exports of plastic products, furniture, and footwear continued to maintain rapid growth.

The two-wheel drive of import and export is a new bright spot for Ningbo's foreign trade development. After four years of import “enlightenment action”, Ningbo’s import growth continued to lead the country and the province’s average level last year. Among them, imports of liquid chemicals amounted to US$4.42 billion, an increase of 31.0% year-on-year; iron ore imports were US$2.56 billion, an increase of 38.0%. In particular, the import of wine has increased by leaps and bounds. Ningbo Bonded Area has become the third largest wine import base in China.

The continuous expansion of foreign trade teams, especially private import and export companies, has strengthened the stamina of the city's foreign trade development. In 2010, the city’s foreign trade performance companies exceeded 10,000, an increase of more than 1,100 over the same period of last year, and hundreds of import and export companies exceeded 100 million US dollars. Sino-German Group, Yuanda Products, Future Investors, Cixi Import and Export, and Shenhua Chemicals have become benchmarking companies in the country.

The relevant personage thinks that after foreign trade exceeded 60 billion U.S. dollars in 2008, Ningbo Foreign Trade once again exceeded 70 billion U.S. dollars and 80 billion U.S. dollars worth two billion U.S. dollars, which reflects the strong vitality of Ningbo's open economy. During the "12th Five-Year Plan" period, the city's total foreign trade volume will enter the ranks of one hundred billion US dollars.