According to Yinchuan Customs, Ningxia's foreign trade totaled 18.21 billion yuan ($2.49 billion) in the first 11 months of this year, with 13.26 billion yuan in exports and 4.95 billion yuan in imports. In November alone, Ningxia's trade was 1.72 billion yuan, up 16.4 percent.
Private enterprises in Ningxia played a significant role. Their trade reached 14.19 billion yuan, a 5.1 percent increase, accounting for over 70 percent of the region's total.
The ASEAN, EU, and US emerged as Ningxia's top three trading partners, with trade of 2.97 billion yuan, 2.77 billion yuan, and 2.22 billion yuan, respectively. These countries account for 16.3 percent, 15.2 percent, and 12.2 percent of the region's total. Trade with countries involved in the Belt and Road Initiative (BRI) also showed robust performance, totaling 7.6 billion yuan.
Yinchuan led regional cities with a trade of 10.51 billion yuan, making up 57.7 percent of the total. Shizuishan, Zhongwei, Wuzhong, and Guyuan followed with 4.99 billion yuan, 1.85 billion yuan, 590 million yuan, and 270 million yuan, respectively, showing growth rates of 9.8 percent, 13 percent, 11.9 percent, and 18.1 percent.
Regarding export commodities, basic organic chemicals stood out with 3.04 billion yuan, a 28.5 percent increase and 22.9 percent of total exports. Agricultural products also performed well, with exports reaching 1.58 billion yuan, a 20.8 percent increase and accounting for 11.9 percent of the total.
Metal ores topped the list of imports with 1.08 billion yuan, a 22.4 percent increase, accounting for 21.8 percent of the total. Quartz imports surged by 43.9 percent to 770 million yuan, making up 15.6 percent of the total. Agricultural products imports reached 590 million yuan, a slight increase of 0.3 percent, accounting for 12 percent of the total import value.