Ningbo ports' imports, exports near 2t yuan in Jan-Sept

A freight train loaded with containers at a port in Ningbo, East China's Zhejiang province. [Photo/cnnb.com.cn]

The value of imports and exports at ports in Ningbo, East China's Zhejiang province, hit 1.95 trillion yuan ($300 billion) from January to September, up 30.7 percent year-on-year, according to the latest statistics from Ningbo Customs.

Specifically, exports via the city's ports during the nine-month period were valued at 1.41 trillion yuan, an uptick of 32.7 percent year-on-year, while the value of imports amounted to 537.56 billion yuan, an increase of 25.5 percent.

The European Union, United States, and ASEAN were the ports' top three trading partners. Exports to and imports from these economies via Ningbo ports in the first nine months of this year hit 365.36 billion yuan, 334.57 billion yuan, and 202.3 billion yuan respectively, up 38.4 percent, 25.9 percent and 37.2 percent and accounting for 46.3 percent of the total handled by the city.

In addition, foreign trade with countries involved in the Belt and Road Initiative and other RCEP member states via Ningbo ports were valued at 661.98 billion yuan and 391.39 billion yuan, up 25.7 percent and 20.1 percent, respectively.

Private enterprises again made up the lion's share of foreign trade growth over the nine-month period. From January to September, imports and exports of private enterprises handled at Ningbo ports expanded 30.1 percent year-on-year 1.31 trillion yuan, accounting for 68.9 percent of the total.

Trade by companies from outside Ningbo was valued at 1.27 trillion yuan at the city's ports, accounting for 65.4 percent of the total.

Stable growth was seen in the export of mechanical and electrical products, which registered an increase of 28.3 percent to 710.9 billion yuan in the first nine months of this year.

Exports of new energy products posted robust growth during the period. Specifically, exports of solar cells, electric vehicles and lithium-ion batteries via the city's ports rose by 194.8 percent, 12.3-fold and 346.4 percent.