According to the statistics of Yinchuan Customs, the total import and export value of Ningxia, from January to November, was 23.69 billion yuan (about $3.4 billion), with a year-on-year growth of 39.5%, ranking fourth in China. The export value was 18.14 billion yuan, up 33.7%, and the import value was 5.55 billion yuan, up 62.6%.
Based on the analysis of Yinchuan Customs, Ningxia's foreign trade in the first 11 months showed a significant increase in the import and export of bonded logistics, a significant increase in imports and exports in five cities, and rapid growth in major imported goods.
From January to November, Ningxia's import and export in general trade was 16.84 billion yuan, up 8.9%, accounting for 71.1% of Ningxia's total foreign trade value. The import and export of processing trade was 240 million yuan, down 49.2%, and accounting for 1%. The value of imports and exports through bonded logistics reached 6.59 billion yuan, up 555.2%, and accounting for 27.8%.
Private enterprises have led foreign trade. In the first 11 months, the private enterprises of Ningxia have achieved a total value of 16.58 billion yuan in imports and exports, with an increase of 38.2%, accounting for 70% of the total foreign trade value. On the other hand, the state-owned enterprises of Ningxia have achieved a total of 3.96 billion yuan, with an increase of 85.4%, accounting for 16.7% of the total foreign trade value; the import and export value of foreign-invested enterprises was 3.15 billion yuan, up 11.5%, and accounting for 13.3% of the total.
Ningxia's foreign trade to major trading partners maintained a steady growth trend. From January to November, Ningxia's imports and exports to the EU reached 4.57 billion yuan, with an increase of 48.4%, accounting for 19.3%; imports and exports to the ASEAN reached 2.56 billion yuan, up 13.4%, accounting for 10.8%; imports; and exports to the United States reached 2.21 billion yuan, up 29.1%, and accounting for 9.3%.
Furthermore, five cities have witnessed a significant increase. From January to November, the total import and export value of Yinchuan, Ningxia, was 14.11 billion yuan, an increase of 40.8%, accounting for 59.6% of the total foreign trade value of Ningxia; the total import and export value of Shizuishan was 5.18 billion yuan, up 22.6%, accounting for 21.9%; the total import and export value of Zhongwei was 3.49 billion yuan, up 53.2%; the total import and export value of Wuzhong was 790 million yuan with an increase of 84.2%; and the total import and export value of Guyuan was 110 million yuan with an increase of 543.2%.
The main imported goods have also shown a high growth trend. From January to November, Ningxia imported 2.26 billion yuan of metal ores and ore sands, an increase of 127.5%. The import of mechanical and electrical products was 1.76 billion yuan, up 60.7%. The import of agricultural products was 360 million yuan, up 46.4%; the import of polysilicon was 310 million yuan, a rise of 106.7%; and the import of steel was 160 million yuan, up 58.1%. The import value of the above commodities accounts for 87.4% of the total import value of Ningxia.
