“Ningbo’s import and export exceeded 680 billion yuan in the first three quarters, outpacing the entire province!” This morning, the Municipal Bureau of Commerce released foreign trade data for the first three quarters. Relevant officials pointed out that under the severe external environment, our foreign trade has made steady progress and its proportion in the whole province has continued to increase. In particular, the proportion of foreign trade exports nationwide reached 3.56%, an increase of 0.18 percentage points over 2018.
The rise of adversity is not easy- Looking at the total volume, the scale of import and export has increased steadily. In the first three quarters, the city’s imports and exports totaled 681.01 billion yuan, up 6.8% year-on-year, of which exports totaled 444.12 billion yuan, up 8.2% and imports totaled 236.89 billion yuan, up 4.3%. The growth rates of import and export, export and import are 4, 3 and 4.4 percentage points higher than that of the whole country respectively. It is 0.5, 0.7 and 1.5 percentage points higher than that of the whole province. The city’s import and export volume and export volume accounted for 2.97% and 3.56% of the national share respectively, ranking 9th and 8th respectively in 36 provinces, cities and autonomous regions of the country.
Looking at the structure, high-quality development has reached a higher level. High-tech products are growing rapidly and the commodity structure has been further optimized. In the previous September, the city’s export of high-tech products was 33.44 billion yuan, up 25.8%, 17.6 percentage points higher than the overall growth rate of the city’s exports, accounting for 7.5% of the city’s exports, and the proportion increased by 1.1 percentage points. Imports reached 25.88 billion yuan, up 4.7%, 0.4 percentage points faster than the average growth rate of the city’s imports, accounting for 10.9% of the city’s imports, with the same proportion as in the same period last year.
Export commodities with high added value continued to increase. Of this total, exports of mechanical and electrical products totaled 248.84 billion yuan, up 8.4%, accounting for 56.0% of the total export volume, up 0.1 percentage point.
Looking at the market, trading partners are more diversified. Countries along the “the belt and road initiative” line grew rapidly. In the previous September, the city’s top three trading partners were the European Union, the United States and ASEAN, accounting for 20.8%, 15.5% and 10.3% of the city’s total foreign trade. Among them, the import and export volume to ASEAN increased by 22.3%. Imports and exports to countries along the “the belt and road initiative” increased by 17.0%, 10.2 percentage points higher than the city’s average growth rate, accounting for 28.6% of the city’s imports and exports. The proportion increased by 2.5 percentage points, including 36.0% for Vietnam, 22.1% for Russia, 20.5% for Saudi Arabia, 17.9% for Indonesia and 9.3% for Central and Eastern European countries.
Looking at the main body, the main force of private enterprises plays a more prominent role. In the previous September, private enterprises’ import and export totaled 459.72 billion yuan, up 10.7%, 3.9 percentage points higher than the city’s growth rate, accounting for 67.5% of the city’s total foreign trade, up 2.4 percentage points from the same period last year, and contributing 102.5% to the city’s import and export. Among them, exports totaled 326.95 billion yuan, up 12.6%, accounting for 73.6% of the total exports, up 2.9 percentage points and pulling the city’s exports by 8.9 percentage points. Imports totaled 132.76 billion yuan, up 6.2%, accounting for 56.0% of the total imports, up 1 percentage point. Foreign invested enterprises imported and exported 170.13 billion yuan, up 0.2%, accounting for 25.0% of the city’s total foreign trade.
Look at the way, the dominant role of general trade is more obvious. In the first September, the city’s general trade import and export totaled 589.31 billion yuan, up 8.8%, accounting for 86.5% of the city’s total foreign trade, up 1.6 percentage points from the same period last year. Among them, exports totaled 392.33 billion yuan, up 9.6%. Imports reached 1969.7 billion yuan, up 7.2%.
Behind the bright-eyed data, every foreign trade enterprise in the group has made great contributions. The Municipal Bureau of Commerce specially released the list of Ningbo’s Top 200 Foreign Trade in the first three quarters.
This honor is not only an encouragement but also a spur. Let’s expect that under the new mission of “225”, nearly 20,000 foreign trade enterprises in the city will jointly cultivate new competitive advantages, accelerate the pace of upgrading, and contribute new strength to Ningbo’s foreign trade from big to strong.
Original Artical，Author：China Trade Agent，if repost，please give references ：https://offers-bg.com/top-200-trade-heroes/
