Africa edges out N America to become Ningbo's No 3 trading partner

Import value soared by 120 per cent to $6.55 billion, while export value went 38.3 per cent up to $2.92 billion, resulting a trade deficit of $3.63 billion. Africa surpassed North America to become the third biggest trade partner of Port of Ningbo after Asia and Europe, according to customs' statistics figures quoted by Xinhua News Agency.From January to October this year, Ningbo's trade with Africa totalled US$9.48 billion, surging 85.9 per cent comparing to the same period in the preceding year. Imports were mostly mineral products, representing 98.6 per cent of the total value. Among exports, textiles, machines and shoes led the way. Value of general trade increased by 93.4 per cent to $8.79 billion, taking up 92.8 per cent of dollar volume.