Ningbo's exports fell by 10.7% in the second quarter
Exports dominate Ningbo's foreign trade, whose market shares account for more than 70%. Exports performance directly affects the overall operation of foreign trade. In the first quarter, the amount of exports totaled 96.71 billion yuan, with a year-on-year growth of 14.3%. However, the amount of exports in the second quarter totaled 106.58 billion yuan, down 10.7% year-on-year. Under these influence, the overall foreign trade of Ningbo has been weak in the first half year, with growth in imports and exports slipping from positive in the first quarter to negative in the second.
Influenced by the appreciation of RMB, exports growth in traditional labor-intensive products fell. In the first half year, Ningbo exported a total amount of 55.51 billion yuan in six types of commodities including apparel and textiles, plastic products, toys, furniture, bags and shoes, down 3.4% year-on-year. According to experts from Ningbo Municipal Commission of Commerce, due to the fierce competition and low concentration in traditional labor-intensive industry, the average profit of exports only reaches 3% to 5%. Every one percentage point appreciation of the RMB yuan will bring 1.5% decrease in China's foreign trade exports. In the first half of 2015, the euro and the yen have gained approximately 21% and 18% respectively against the yuan compared to the same period of 2014. The fluctuation of foreign exchange rate forced foreign clients to be more cautious when placing an order, which is the main cause of the continuous decline in foreign trade exports.
Meantime, insufficient demand and excess capacity lead to continuous decline in export delivery value of industrial products. From January to June, the export delivery value of industries above a designated scale amounted to136.2 billion yuan with a year-on-year decrease of 5.2%. The decline was enlarged by 5.4 percentage points compared to that of first quarter.
In addition, the geopolitical tensions disrupted some parts of exports. Since the beginning of 2015, the risk of exporting to Russia has been increased due to the Ukraine conflict. Exports from Ningbo to Russia in the first five months have declined 30% compared to the same period of last year.
From 16.7% decline to 5% negative growth
Since 2014, influenced by macro-economic control, imports have always been a stumbling block to foreign trade increase. However, things turn different in 2015. Statistics shows that the pace of decline narrowed quarter by quarter. Imports in the first quarter amounted to 41.84 billion yuan, down 16.7% year-on-year. Imports in the second quarter amounted to 45.23 billion yuan, down 5% year-on-year. The decline rate was 11.2 percentage points lower than first quarter.
Ningbo is an important distributing centre of major commodities in China. Coal, iron ore, petroleum and other commodities imports rank forefront in china. In the first half of 2015, mechanical and electrical products, scrap metal and iron ore imports reached 15.06, 6.68 and 6.28 billion yuan respectively, down 16.4%, 21.1% and 39.4% year-on-year respectively. Ningbo's imports fell 9% as a whole.
It should be noted that thanks to the import goods market built several years ago and the national cross-border e-commerce pilot, cross-border e-commerce which mainly focuses on consumer goods grows at a rapid rate. From January to June, cross-border e-commerce imports in Ningbo drew 1.05 billion yuan, among which the Bonded Area drew 846 million yuan, an increase of 42 times than the same period of last year. Seen from the money transacted, cross-border trade only makes up less than one forty of the total import of Ningbo. However, its growth potential is worth expecting. In June, NetEase, a heavyweight of domestic e-commerce, decided to set its cross-border e-commerce base in Ningbo Bonded Area. If everything goes well, a cross-border industrial chain worth tens of billions of yuan will be developed in no less than five years.
Confidence is worth more than gold
For a city with a good natural port, developing foreign trade is always an option. Since the reform and opening up, Ningbo has always been relying on foreign trade and has been given the name of City of Foreign Trade and one of the Top Ten Foreign Trade Cities . Seen from the perspective of employment, one out of every three people in Ningbo is engaged in foreign trade or related work at present.
Though the foreign trade situation is not optimistic, Ningbo foreign trade still remains a mainstay in the national economy. Strong foreign trade will bring strong industries and port business. said Wang Jianhou, the vice mayor. If Ningbo wants to become a big city in China, it has to rely on its open economy, in which the strongest and most competitive part is foreign trade.
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
13/05/2026
New Adobe Premiere Color Grading Mode Accelerated on NVIDIA GPUs
Joel Pennington May 13, 2026
0 Comments
New NVIDIA RTX-accelerated features streamlin...
13/05/2026
Grass Valley announced that dB Broadcast has delivered new IP-based outside broadcast (OB) trucks for Cloudbass, featuring Grass Valley LDX 100 Series cameras a...
13/05/2026
Ikegami will exhibit the latest additions to its wide range of broadcast production cameras, control units, viewfinders and monitors on stand 5D3-1 at Broadcast...
13/05/2026
FISE, working with the founding members of the XR Sports Alliance (XRSA), Accedo, Qualcomm Technologies, Inc. and HBS, have collaborated to develop an immersive...
13/05/2026
Canon Unveils New EOS R6 V Full-Frame EOS Camera and RF20-50mm F4 L IS USM PZ Bu...
13/05/2026
Boston Conservatory at Berklee Honors Beth Morrison and Moses Pendleton at Comme...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Creative software developer Foundry today announced the latest developments on Nuke Stage. A purpose-built application for end-to-end virtual production and in-...
13/05/2026
A definitive portrait of one of Ireland's most influential musicians
New TV documentary airs Monday 18 May on RT One and RT Player at 9.35pm
Watch the...
13/05/2026
Agentic AI is changing the way users get work done. Following the success of OpenClaw, the community is embracing new open source agentic frameworks. The latest...
13/05/2026
Reinforcement-learning agents - AI systems that learn by trial and error - can c...
12/05/2026
Beyond the Hype: A Strategic Post-Hoc Analysis of NAB 2026 If NAB Show 2026 had an underlying theme, it was a quiet, industry-wide pivot from the high-energy sp...
12/05/2026
Guntermann and Drunck (G&D), a Panoptec Technologies Group company, and CT Square, led by Chandresh Shah, have announced a joint venture to distribute G&D and V...
12/05/2026
With 30 days until the start of the FIFA World Cup 2026, Telemundo, the exclusive Spanish-language home of the tournament in the United States, has announced th...
12/05/2026
The NHL has announced the return of Stanley Pup for its third consecutive year, a 90-minute special featuring adoptable rescue dogs competing on a miniature rin...
12/05/2026
NBCUniversal presented its 2026 Upfront to advertisers at Radio City Music Hall, detailing upcoming programming across NBC, Peacock, Bravo, and Versant properti...
12/05/2026
FOX Sports has announced funding for the Fandom and Social Connection Initiative at Harvard Kennedy School's Shorenstein Center on Media, Politics, and Publ...
12/05/2026
TNDV and Live Media, both divisions of Live Media Group, supported live broadcast coverage around NCAA Final Four weekend in Indianapolis, including the March M...
12/05/2026
The European Football Alliance (EFA) has announced a content distribution agreement with Fubo Sports Network, the free ad-supported streaming TV (FAST) channel ...
12/05/2026
For the first time, Spanish-speaking fans in the U.S. will have two separate tel...
12/05/2026
CP Communications led a comprehensive spectrum management initiative on behalf of Churchill Downs during Kentucky Derby week, coordinating RF assets across the ...
12/05/2026
LiveU has announced a strategic partnership with DRONERESPONDERS, a 501(c)3 non-...
12/05/2026
Open Broadcast Systems has announced that BMC TV, a specialist in IP transport of broadcast content, has selected the Open Broadcast Systems 5G Flyaway solution...
12/05/2026
NEP Europe, part of NEP Group, has announced it will deliver broadcast solutions...
12/05/2026
Grass Valley has announced continued collaboration with Ravensbourne University ...
12/05/2026
Stats Perform has announced the launch of Opta Pulse, an AI-assisted video creation and distribution platform for leagues, rights holders, and broadcasters. The...
12/05/2026
FOX Sports has announced a collaboration with Sesame Workshop to integrate Sesame Street characters into FOX Sports' FIFA World Cup 2026 programming. Conten...
12/05/2026
To date, NHL Productions has produced 19 broadcasts with commentary in American Sign Language
NHL in ASL (American Sign Language) may be just one show, but the...
12/05/2026
Google's Brian Albert: creators, athletes, highlights, nostalgia, second-scr...
12/05/2026
A still from Past Lives by Celine Song, an official selection of the Premieres program at the 2023 Sundance Film Festival. (Courtesy of Sundance Institute | p...
12/05/2026
Spotify is where fans and artists come together, turning discovery into somethin...
12/05/2026
Features patented Marco-MMC clocking technology
Black Lion Audio's latest release combines the company's expertise in clocking with their renowned p...
12/05/2026
New Track Panel, sequencer upgrades & more
Following their recent public beta release, Reason Studios have announced the full release of Reason 14. With the...
12/05/2026
One month to go! SBS reveals expansive FIFA World Cup 2026 lineup beyond the pi...
12/05/2026
Rohde & Schwarz presents its advanced solutions for power electronics testing at...
12/05/2026
aconnic AG (ISIN: DE000A0LBKW6), Munich, has developed a modified fund raising p...
12/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/05/2026
Tyrell Corporation, specialists in high-end live sports and entertainment broadcasts, was tasked with delivering compelling broadcast coverage of premier equest...
12/05/2026
Registration is now open for IBC2026 as the global media, entertainment and technology community prepares to converge on the RAI Amsterdam from 11 14 September ...
12/05/2026
Ross Video, a global leader in live video production technology, will present its latest innovations and integrated production workflows at BroadcastAsia 2026, ...
12/05/2026
500 selected leaders from around the world across start-ups, corporates, and venture capital. Over 50bn in assets under management among attending investors, a...
Ningbo's exports fell by 10.7% in the second quarter
