Trade Volume between Ningbo Port and Belt and Road Partner Countries Hits a New High

 

 

Reporter: Yan Jin, Correspondents: Chen Bing, Chen Hao and Shao Fangbing from cnnb.com.cn

This year marks the beginning of the second golden decade for the Belt and Road Initiative. Since the Belt and Road Initiative was proposed, it has developed into the most popular international public product and the largest international cooperation platform in today's world.

According to statistics from Ningbo Customs, in the first 10 months of this year, the import and export trade between Ningbo Port and Belt and Road partner countries continued to expand, reaching RMB 970.43 billion, with a year-on-year increase of 5.2%, hitting a record high. The value of imports was RMB 320.35 billion, up 1.7%; and that of exports was RMB 650.08 billion, up 7%.

 

 

Site of Meishan Port Area, Ningbo Zhoushan Port Photographed by Yang Jiangqi

 

 

Recently, Ningbo Asiaway Automotive Components Co., Ltd. exported a batch of automotive components worth nearly RMB 200,000 to Slovakia. As a high-tech enterprise, Ningbo Asiaway's products are mainly sold to the United States, Canada, Mexico and other countries. In recent years, the company has aimed at the Belt and Road partner countries with broad prospects and deepened the synergy and complementarity with the local automobile industry chain.

Fang Wangping, Head of Import and Export of Ningbo Asiaway, said: "We have made continuous efforts in technological innovation, product design and testing, and successfully explored the markets of Central and Eastern European countries such as Hungary and Slovakia. From January to October this year, our export orders to the Belt and Road partner countries exceeded RMB 50 million, accounting for about 12% of the total export orders."

The data show that in the first 10 months of this year, Ningbo Port exported the mechanical and electrical products with a value of RMB 341.29 billion to the Belt and Road partner countries, with a year-on-year increase of 11.6%. While the export trade was booming, the import business also performed steadily. During the same period, Ningbo Port imported the unwrought copper and copper materials with a value of RMB 27.79 billion from the Belt and Road partner countries, with a year-on-year increase of 0.2%.

 

 

Daxie Port area of Zhoushan Port in Ningbo in the morning light Photographed by Gao Xuefeng

 

 

Recently, a batch of copper ingot imported from Uzbekistan was released smoothly under the supervision of Ningbo Customs and quickly sent to the production workshop of Ningbo Zhonggang Metal Products Co., LTD., the importer of this batch of goods.

"When the Belt and Road Initiative was proposed, we targeted the Central Asian market and have become long-term partners with many local enterprises. It is expected that the import scale will still grow by about 10% this year." The relevant person in charge of the company Zheng Xiaolei introduced.

The relevant person in charge of Ningbo Customs said that in the next step, Ningbo Customs will continue to implement the policy of affordable enterprises, continuously improve the supervision efficiency and service level, help to improve the quantity and quality of the foreign trade development of Ningbo port, and contribute to the high-quality construction of the "Belt and Road".

 

 

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Disclaimer：The above content is translated from Chinese version of cnnb.com.cn. The cnnb.com.cn version shall prevail.