Despite the impact of the financial crisis last year the foreign trade volume via the Ningo Port reached 116.92 billion USD, down 16.7% as against the year before, according to the latest statistics provided by the Ningbo Customs on January 9. Among it, the import totaled 43.75 billion USD and the export 73.1 billion USD, down 22.5% and 12.9% respectively.
The first largest trading partners of Ningbo in terms of trade volume are respectively the EU, the US, ASEAN, Chinese Taiwan, Japan, Iran, Agola, Korea, Brazil and Australia.
The trading volume of private companies saw least decrease in trade volume. Last year the export of private companies stood at 54.22 billion USD, down only 3.6%, accounting for 46.4% of the total of the city.
Since the beginning of last year, the environment of the Ningbo Port has kept improving, which has attracted domestic trading businesses in Chongqing, Sichuan, Jiangxi to import or export their goods. The Ningbo Customs has initiated a clearance reform aiming to improve the export clearance efficiency, which is averaged 1.29 hours for each batch of commodities. The best efficiency ever recorded is five seconds.
There are signs indicating the bettering situation of foreign trade. In December last year, the import and export volume reached 12.82 billion USD, up 39.1% over the same month the year before, which set a new single-month record in 2009.
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