Private enterprises' foreign trade up 54.8% Jan-Feb

chinadaily.com.cn| Updated:  March 11, 2021 L M S


A container vessel is berthed at the Jintang port area of Ningbo-Zhoushan Port in Zhejiang province in July 2020. [Photo by Yao Feng/For China Daily]

The foreign trade value of private enterprises in Ningbo expanded 54.8 percent year-on-year to 119.43 billion yuan ($18.37 billion) in the first two months of this year, official data from Ningbo Customs show.

The volume accounted for 70 percent of the city's total over the two-month period, up 21.3 percentage points from the same period in 2019.

Private enterprises are still the most active force stabilizing Ningbo's foreign trade growth, said a head official at Ningbo Customs.

Mechanical and electrical products are still the prime exports from the city.

From January to February, exports of mechanical and electrical products from Ningbo were valued at 64.52 billion yuan, up 60 percent and accounting for 57.9 percent of the city's total exports.

Specifically, commodities including integrated circuits, automatic data processing equipment and spare parts, lighting equipment and household appliances all witnessed significant growth.

The most notable growth was seen in products related to working or studying remotely.

Meanwhile, Ningbo's imports of bulk commodities including metal ore and ore sand increased sharply.

In the first two months, the city imported 7.28 billion yuan worth metal ore and ore sand, up 98 percent year-on-year, official data show.