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Ningbo’s latest foreign trade data is released!

According to Ningbo Customs statistics, in the first half of this year, the total value of Ningbo's foreign trade imports and exports was 681.14 billion yuan, a year-on-year increase of 9.5%, setting a new historical high. Among them, exports were 445.31 billion yuan, an increase of 9.9%; imports were 235.83 billion yuan, an increase of 8.6%.

From the perspective of foreign trade entities, in the first half of the year, Ningbo's private enterprises imported and exported 513.94 billion yuan, an increase of 11.2%, accounting for 75.4% of Ningbo's total imports and exports during the same period, an increase of 1.2 percentage points over the same period last year.

In terms of trading partners, in the first half of the year, the United States, the European Union and ASEAN were Ningbo’s top three trading partners, with imports and exports of 117.51 ​​billion yuan, 114.08 billion yuan and 86.07 billion yuan respectively, up 15.6%, 4.9% and 17% respectively. The three together accounted for 46.6% of the city’s total imports and exports.

In terms of overall performance, in the first half of the year, Ningbo continued to rank 5th among the top 10 foreign trade cities in the country, ranked 4th in export scale, and ranked 5th in import scale.

Ningbo's foreign trade "improved quality and stable quantity"

Foreign trade is the "beautiful business card" of Ningbo's open economy.

In the first half of the year, the export of Ningbo's traditional advantageous products continued to grow, with the export of mechanical and electrical products reaching 254.06 billion yuan, an increase of 9.8%. Among them, the export of household appliances, electrical equipment, general machinery and equipment, and auto parts were 33.89 billion yuan, 28.38 billion yuan, 19.22 billion yuan, and 15.02 billion yuan, respectively, an increase of 16.6%, 5.1%, 27.2%, and 12.8%.

Due to the cyclical recovery of the industry and the influence of the international situation, the demand for containers has increased, and Ningbo's container exports in the first half of the year increased significantly by 453.2%.

During the same period, exports of labor-intensive products amounted to 103.5 billion yuan, up 12.2%. Among them, exports of textiles and clothing, plastic products, and furniture and its parts amounted to 48.75 billion yuan, 25.47 billion yuan, and 14.33 billion yuan, up 5.3%, 14.9%, and 29.5%, respectively.

Against the backdrop of an increasingly complex and uncertain external environment, Ningbo's foreign trade remains vibrant. What's the reason?

Jiang Yubing, deputy director of Great Wall Strategic Consulting Ningbo, believes that the decline in purchasing power in the foreign demand market has also reduced the total number of orders from European and American customers. However, in Ningbo, the United States and the European Union are still the main trading partners and are the "cake" that foreign trade companies must compete for.

In recent years, Ningbo has been striving to find new drivers in new markets, new formats and new demands, and has reaped rich rewards. According to the data, Ningbo's foreign trade enterprises have grabbed a lot of market share, and innovation is the "big move".

In addition to enterprises, the government is also working hard. For example, in order to solve the problem of inconvenience in the passage of non-bonded cross-border export goods, Meishan Customs dismantled and reshaped the supervision process, innovated the model of classified supervision of goods entering and leaving the comprehensive bonded zone, reduced the content of declaration for entry into the zone by 60%, and saved declaration time for enterprises.

Orders are the "lifeline" of foreign trade companies, and exhibitions are still the most important way for companies to meet customers and obtain orders. It is reported that Ningbo will mobilize all forces to organize more than 10,000 companies to participate in exhibitions abroad, visit customers, build warehouses and websites, expand online customer base, and conduct live marketing throughout the year, striving to achieve the goal of an annual order volume of US$50 billion.

Looking ahead to the second half of the year, a relevant official from Ningbo Customs said that despite the uncertainty in the overall external environment, Ningbo's foreign trade is expected to achieve "quality improvement and quantity stability" through corporate innovation, policy support and the development of emerging business formats.

Listed companies "Great Voyage"

According to data from 10jqka, as of now, Ningbo has a total of 122 listed companies, among which many are doing well in foreign trade business; and many are on their way to going overseas.

Oriental Cable is mainly engaged in the research and development, manufacturing and sales of submarine cable systems and land cable systems, as well as marine engineering services. The company insists on advancing both on land and sea, giving full play to the role of the listed company's capital platform, promoting the high-quality development of the "3+1" industrial system, and accelerating the "Oriental Manufacturing" to move towards the world's high-end.

In 2023, Oriental Cable will complete the technical transformation of high-voltage land cables and the integration and optimization of medium- and low-voltage land cables at the Eastern (Beilun) base, and further increase its production capacity. The construction of the Southern (Yangjiang) base will be carried out in an orderly manner, enhancing the overall influence of the south and making every effort to build a high-level and high-quality industrial block; relying on European companies to further expand the international market, at the same time, China's first deep-sea dynamic simulation integrated test platform "Oriental Offshore 07" was successfully put into operation, further enhancing its domestic and international core competitiveness.

Xusheng Group is mainly engaged in the research and development, production and sales of precision aluminum alloy automotive parts and industrial parts. As one of the earliest lightweight solution providers in my country focusing on the new energy vehicle industry chain, the company has a customer layout in the three major mainstream consumer markets of "North America, Asia Pacific, and Europe" in terms of customer system coverage; in terms of supply chain flexibility, it has promoted plans for global and multi-regional supply chain layout.

On June 17, Xusheng Group released an announcement on the online winning rate and priority allotment results of the Sheng 24 convertible bond. The winning rate of this new convertible bond, which was restarted after a two-month interval, unexpectedly jumped to the level of "3 out of 1", setting a new record for the highest winning rate in the convertible bond market since 2023.

Chuangyuan's main products include six categories: fashion stationery, handmade puzzles, social emotions, sports and fitness, home life and others, including more than 90 product series. The company continues to make efforts in market expansion, while deepening its presence in the North American market, it is actively exploring markets in other countries such as Europe and Australia.

In recent years, Chuangyuan's cross-border e-commerce business has developed rapidly, especially the sporting goods sector led by its subsidiary Ruitfei. According to the disclosure, in 2023, Ruitfei in the United States facilitated a total of 189,600 orders and a total sales of US$27.2286 million, of which US$18.4705 million was sold through the US Amazon website, an increase of 25.26% in US dollars compared with the same period last year; and US$8.7581 million was sold through the official website, an increase of 19.42% in US dollars compared with last year.

Biyi’s main business is the research and development, design, manufacturing and sales of smart small household appliances. Its main products include air fryers, air ovens, deep fryers, grills, coffee machines, environmental appliances, ice makers, etc.

After more than 20 years of development, Biyi's R&D and design capabilities, product quality control capabilities, manufacturing service capabilities, and rapid response capabilities have been able to meet the needs of global customers. In recent years, Biyi's overseas business has grown rapidly. On the basis of steady development of its main business, Biyi continues to explore new categories, layout potential tracks such as coffee machines, and actively build a second business curve. The company's future development continues to improve.

Junhe Co., Ltd. is a leading domestic manufacturer of household water pumps. Since its establishment in 2003, it has been focusing on the research and development, design, manufacturing and sales of household water pumps and their accessories. Its main products include four series: submersible pumps, garden pumps, fountain pumps and deep well pumps. Its products are exported to Europe, America, Oceania and other regions. It is one of the leading domestic exporters of household water pumps.

In recent years, the company has achieved positive results in the development of its own online brands such as Amazon, and achieved revenue of 19.9813 million yuan in 2023, a year-on-year increase of about 60%. In January 2024, the company ushered in the official opening of its first offline store, marking the formal formation of a complete closed loop in the company's international and domestic sales ecosystem, opening up a broader development space and opportunities for the company.