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

According to statistics provided by Ningbo customs yesterday, the total value of imports and exports reached 17 billion 630 million US dollars in the first 3 months of this year, an increase of 53.7% over the same period last year.

Among them, exports of US $10 billion 210 million, an increase of 30.7% over the same period, and imports of US $7 billion 420 million, an increase of 102.8%.

In the cities with separate plans, the export growth and import growth of our city rank the second and the first respectively.

According to the statistical analysis of the key export commodities of the whole city, the export of mechanical and electrical products, which had taken the lead last year, began to show a restorative growth. Exports in the first quarter increased by 33.7% over the same period last year, especially for liquid crystal display panels, auto parts, bearings and lighting lamps.

Exports of plastic products, footwear and other labor-intensive products continued to maintain rapid growth, representing an increase of 43.3% and 39.3% respectively over the first quarter.

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.