Chuanshan Port Area of Ningbo-Zhoushan Port. [Photo by Gao Xuefeng/Yongpai App]
Ningbo Customs has reported that the city's foreign trade reached 1.32 trillion yuan ($186.93 billion) in the first 11 months of this year, up 2.4 percent year-on-year. Exports totaled 891.32 billion yuan, up 3.6 percent, while imports stood at 431.34 billion yuan, nearly unchanged from last year.
General trade remained dominant at 1.17 trillion yuan, accounting for 88.2 percent of the total. Processing trade rose 23.4 percent to 80.1 billion yuan, and trade through bonded logistics grew 5.6 percent to 72.68 billion yuan.
Private enterprises were the driving force behind this increase, with over 30,000 firms engaging in foreign trade and 28,000 private companies contributing 1.03 trillion yuan, surpassing the trillion-yuan mark one month earlier than last year. Their trade grew 4 percent, lifting overall growth by three percentage points and raising their share to 77.6 percent.
Market diversification advanced steadily, with the European Union remaining Ningbo's largest partner at 228.6 billion yuan, while trade with ASEAN surged 13.7 percent, Africa 21.3 percent, and countries involved in the Belt and Road Initiative 8.3 percent.
Exports have shifted toward higher-value products: electromechanical goods reached 519.9 billion yuan, up 5.8 percent; the new trio of green product exports — electric vehicles, lithium batteries, and solar panels — soared 69.7 percent; and EV exports increased 259.6 percent.
Imports also strengthened, particularly in raw materials and high-tech products, with copper, rubber, and glass imports rising sharply and integrated circuit imports jumping 34.5 percent.
Related News
Boosting High-Quality Cooperation Between China and CEE Countries
2025-12-04
Ningbo, home to China's first China-CEEC Economic and Trade Cooperation Demonstration Zone, achieved a high average annual growth rate of 20.1% in trade with CEECs during the 14th Five-Year Plan period.
Bulgarian Roses Make a Scent-sation in Ningbo as Businesses Jet In for Collaboration
2025-11-13
On November 8, Bulgarian business representative Mihaela Aprilova jetted into Ningbo for the“Discover Bulgaria Ningbo - Bulgaria Cosmetics Industry Matchmaking and Exchange"
Ningbo Customs Drives Customs cooperation between China and CEECs, Achieving Signature "3-2-1" Outcomes
2025-11-04
Looking back on the 14th Five-Year Plan period, Ningbo Customs has closely followed the national strategy of high-level opening-up, continuously strengthening the China-CEEC Customs information cooperation initiative.
Maritime Silk Road expo builds global links in culture and tourism
2025-10-30
The 10th Maritime Silk Road Culture and Tourism Expo is being held in east China's Ningbo from October 24 to October 26.
.jpg)
Ningbo's Trade with CEECs Tops 45 Billion Yuan in First Three Quarters
2025-10-27
According to Ningbo Customs, in the first three quarters of this year, Ningbo's bilateral trade with CEECs reached 45.45 billion yuan, a 7% year-on-year increase, outpacing the city's overall trade growth by 3.3 percentage points.
Ningbo's Foreign Trade Volume Exceeds One Trillion Yuan in Q1-Q3
2025-10-20
According to Ningbo Customs, Ningbo's total foreign trade volume for the first three quarters of this year exceeded 1 trillion yuan, reaching 1,092.26 billion yuan, an increase of 3.7% over the same period last year.
Zhoushan launches 21.1b yuan container terminal project
2025-10-15
Construction has begun on phase one of the Fodu container terminal at Ningbo-Zhoushan Port, East China's Zhejiang province, marking a major milestone for Zhoushan's maritime sector.
Vehicles Shipped Directly to Europe as Geely Adds Another Self-Owned Ro-Ro Vessel
2025-09-25
On July 3,"Zakher", the UAE-registered Ro-Ro ship,was officially named and launched its maiden voyage from Ningbo-Zhoushan Port.
Hot News
