Cross-border e-commerce brisk in Ningbo

Category: Ningbo Business
Published: Saturday, 11 May 2019 20:12

According to the statistics issued by Ningbo Customs on May 6, in the first four months of this year, the volume of the cross-border e-commerce bonded imports supervised by Ningbo Customs stood at 5.18 billion yuan, and the number of approved import declaration lists stood at 29.12 million, up by 33.5% and 27.8% respectively. With all the related indexes ranking No.1 among all the cities in China, the cross-border e-commerce bonded imports of Ningbo account for over 20% of the total of the country, maintaining a good momentum for rapid growth. 
Statistics show that cosmetic products, maternal and infant products, and health-care products are the major cross-border e-commerce retail imports, accounting for about 80 percent of the total. Currently, the cross-border e-commerce retail products are coming from 85 countries and regions, with those from Japan, Australia, the US, Korea, Germany and France most popular, accounting for 75.6% of the total sales volume. 

It is worth noting that the cross-border e-commerce imports of the Meishan Bonded Port are brisk. From January to April, the port conducted 1.1827 million orders of cross-border e-commerce import declaration, with the product value of 238 million yuan, up by 120% and 180% respectively over the same period of last year. 
The Ningbo Warehouse Center of Netease Kaola will be partially put into use, which will become an all-category parent warehouse for Netease Kaola, as well as a central warehouse for product distribution nationwide. Netease will focus on the integration of internet and industries and promote the rapid development of such industries as cross-border e-commerce, internet finance, cultural industries, game industry and talent training, based on the related industrial basis and policy resources of Ningbo. 
The prosperity of cross-border e-commerce, an emerging foreign trade format, has become another important engine to drive the growth of imports in Ningbo and surrounding areas