Ningbo: Enterprises Must Accelerate The Pace Of Innovation And Upgrading

With the recovery of market demand at home and abroad, the recovery trend of Ningbo's foreign trade has been further established.

Among them,

According to the Municipal Administration of foreign trade and economic cooperation

From the export market, our city exports to Russia, Brazil, India, Turkey and other emerging markets increased significantly, up 86.2%, 132.3%, 71.7% and 63.2%, respectively.

At the same time, exports to major markets such as the European Union, the United States and Japan showed steady growth.

The substantial increase in imports in the first quarter is related to the rebound in the prices of resource products.

Since the beginning of this year, prices of commodities such as copper and iron have risen sharply. Some raw material prices have risen by more than 50%, while most of Ningbo's imports are raw and processed products, which has led to a surge in imports.

Statistics show that in the first quarter, the import of scrap metal, copper, styrene, terephthalic acid and other important raw materials increased by 409%, 471%, 178% and 198%, respectively.

Especially in March, the total import volume of the city was only less than 100 million US dollars, and the surplus value was the lowest in history.

Despite the obvious trend of import and export recovery, there are still many variables in foreign trade this year.

Ding Haibin, deputy director of the Municipal Bureau of foreign trade and economic cooperation, said that the rising cost of raw material prices has increased.

Editor's note: entrepreneurs in Ningbo need to work harder.