Ningxia Export-Import Value Up 9.5% in Jan-Feb 2019


According to Yinchuan Customs statistics, for January and February, Ningxia regional export and import value totaled 3.78 billion yuan, a year-on-year increase of 9.5%; therein, export value was 2.98 billion yuan, up 26.8% year-on-year, and import value was 800 million yuan, down 27.2% year-on-year. In US dollar terms, the total export-import value was 550 million dollars, up 4.5% year-on-year; export value was 430 million dollars, up 21% year-on-year, and import value 120 million dollars, down 30.3% year-on-year.

For February alone, Ningxia’s export-import value was 1.27 billion yuan, with export value 960 million yuan and import value 310 million yuan.

In the first two months, Ningxia’s export-import trade with the EU reached 760 million yuan, up 49.1%, accounting for 20.1%; trade the US reached 460 million yuan, up 52.7%, accounting for 12.2%; trade with ASEAN 360 million yuan, up 14.7%, accounting for 9.5%; trade with Japan 280 million yuan, up 9.6%, accounting for 7.4%; trade with Ghana 220 million yuan, up 15.1%, accounting for 5.8%.

Besides, Ningxia's trade with the countries along the “Belt and Road” reached 1.02 billion yuan, down 0.2% YOY, including export value 920 million yuan, up 11.2%, and import value 100 million yuan, down 48.5% YOY.

Exports: Ningxia's export of mechanical and electrical products worth 710 million yuan, up 157.6%; unwrought manganese worth 140 million yuan, up 59.6%; dicyandiamide worth 130 million yuan, up 18.4%; ferroalloy worth 120 million yuan, up 74.9%; pharmaceutical products worth 160 million yuan, down 25.5%; agricultural products worth 110 million yuan, down 25.7%; gold jewelry worth 100 million yuan, down 64.8%. The export value of the above commodities accounted for 49.3% of the total export.

Imports: the import of manganese ore worth 410 million yuan, up 30.7%; agricultural products worth 40 million yuan, up 9.1%; mechanical and electrical products worth 150 million yuan, down 26.6%; gold worth 70 million yuan, down 74.6%. The import value of the above commodities accounted for 83.8% of the total import.

Source: ETCN