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Maritime Silk Road Trade Index-November Up 13.83% Year-on-Year

Tuesday, 29 December 2020 | 01:00

In November 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 161.13 points, up 10.78% from the previous month and up 13.83% year-on-year; the export trade index was 185.86 points, up 13.02% from the previous month, an increase of 21.11% year-on-year; the import trade index was 135.96 points, up 7.80% month-on-month and up 5.05% year-on-year.

From January to November, China total import and export trade value was US$4,172.7 billion, a year-on-year increase of 0.8%.The total export trade value was US$2,316.2 billion, a year-on-year increase of 2.5%;the total import trade value was US$1,856.5 billion, a year-on-year decrease of 1.1%.

China’s trade with continents
From January to November, the import and export trade value between China and Asia was US$2,143.9 billion, up 0.1% year-on-year, accounting for 51.4% of China’s total import and export value. The export trade value was 1,098.3 billion U.S. dollars, down 0.4% year-on-year; the import trade value was 1,045.6 billion U.S. dollars, up 0.7% year-on-year.

From January to November, the import and export trade value between China and Europe was US$813.1 billion, up 2.7% year-on-year, accounting for 19.5% of China’s total import and export value. The export trade value was 480.1 billion U.S. dollars, up 6.4% year-on-year; the import trade value was 333.0 billion U.S. dollars, down 2.2% year-on-year.

From January to November, the import and export trade value between China and Africa was US$167.9 billion, down 10.2% year-on-year, accounting for 4.0% of China’s total import and export value. The export trade value was 101.5 billion U.S. dollars, up 0.6% year-on-year; the import trade value was 66.4 billion U.S. dollars, down 22.9% year-on-year.

From January to November, the import and export trade value between China and North America was US$582.2 billion, a year-on-year increase of 5.1%, accounting for 14.0% of China’s total import and export value. The export trade value was 443.5 billion U.S. dollars, up 6.4% year-on-year; the import trade value was 138.8 billion U.S. dollars, up 1.2% year-on-year.

From January to November, the import and export trade value between China and Latin America was US$286.7 billion, a year-on-year increase of 0.2%, accounting for 6.9% of China’s total import and export value. The export trade value was 134.7 billion U.S. dollars, down 1.3% year-on-year; the import trade value was 151.9 billion U.S. dollars, up 1.5% year-on-year.

From January to November, the import and export trade value between China and Oceania was US$177.7 billion, up 0.1% year-on-year, accounting for 4.3% of China’s total import and export value. The export trade value was 58.1 billion U.S. dollars, up 10.3% year-on-year; the import trade value was 119.7 billion U.S. dollars, down 4.2% year-on-year.
Source: Ningbo Shipping Exchange

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