Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Trade

E. China's Ningbo city sees RMB95.98 bln trade with B&R countries in Jan.-May

June 11, 2020


Abstract : China's eastern coastal city of Ningbo saw its trade with the countries along the Belt and Road routes stand at 95.98 billion yuan (about 13.59 billion U.S. dollars) in the first five months of the year, according to the local customs authority on Wednesday. 

BEIJING, June 11 (Xinhua) -- China's eastern coastal city of Ningbo saw its trade with the countries along the Belt and Road routes stand at 95.98 billion yuan (about 13.59 billion U.S. dollars) in the first five months of the year, accounting for 28.1 percent of its overall foreign trade, according to the local customs authority on Wednesday.

In the first five months, value of the city's imports and exports totaled 341.11 billion yuan, a year-on-year decrease of 5.9 percent, but the decline narrowed month by month, said Ningbo Customs.

It is worth noting that Ningbo's exports show strong resilience. From January to May, the city's exports amounted to 220.26 billion yuan, a year-on-year decrease of 4.4 percent, with a cumulative trade surplus of 99.41 billion yuan. In particular, its exports in May stood at 55.13 billion yuan, an increase of 2.3 percent year-on-year and 9.5 percent month-on-month; with a trade surplus of 29.22 billion yuan.

From the perspective of trading partners, the European Union (excluding the United Kingdom), the United States and ASEAN are still in the top three.

In the first five months, the city's trade with the above three trading partners amounted to 61.87 billion yuan, 54.32 billion yuan and 37.86 billion yuan, respectively, with their combined value accounting for 45.2 percent of the city's total foreign trade value during the period.

Due to the warm-up effect of the CEEC Products Online Fair 2020 held from June 8 to 14, Ningbo's trade with the 17 countries in Central and Eastern Europe (CEE) stood at 2.64 billion yuan in May, an increase of 5 percent.

"It is believed that with the further improvement of the epidemic prevention and control worldwide, the city's foreign trade will further pick up. Orders will also return to various large and small enterprises step by step, and the dawn is ahead," said an official of Ningbo Municipal Bureau of Commerce. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Ningbo foreign trade Belt and Road

Reading:

Construction of Jiangdong New Area is at full speed

Hunan, COFCO sign strategic cooperation agreement

Interview: ASEAN deputy chief expects more trade between ASEAN, China

Economic decoupling from China to deepen crisis, delay recovery: economist

First development well completed construction in China's self-operated deepwater gas field

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial