While Ningbo's industrial might is often measured in trillions, its true story is told through the 2.85 million workers, 1,200 "little giant" enterprises, and relentless 15.8% growth in strategic sectors that together propel this economic powerhouse to the forefront of China's manufacturing landscape.
Key Takeaways
- In 2022, Ningbo's total industrial output value above designated size reached 1.57 trillion yuan, representing a 7.2% year-on-year increase.
- Ningbo's industrial added value accounted for 38.5% of its GDP in 2022.
- The high-tech industry in Ningbo contributed 42.3% to the total industrial output in 2022.
- Ningbo's automobile manufacturing output was 1.2 million vehicles in 2022.
- Geely Auto in Ningbo produced 780,000 vehicles in 2022.
- Ningbo's engine production reached 1.5 million units in 2022.
- Ningbo's port handled 1.22 billion tons of cargo in 2022, world's highest.
- Ningbo-Zhoushan port container throughput was 33.36 million TEU in 2022.
- Ningbo's total import-export volume reached $320 billion in 2022.
- FDI utilized in Ningbo's industry was $12.5 billion in 2022.
- Number of foreign-invested enterprises in Ningbo reached 15,000 in 2022.
- Ningbo's high-tech FDI inflow was $4.2 billion in 2022.
- Ningbo's industrial employment totaled 2.85 million in 2022.
- Manufacturing sector employed 1.95 million workers in Ningbo in 2022.
- Average wage in Ningbo industry was 98,500 yuan per year in 2022.
Ningbo's industrial economy grew robustly in 2022, leading nationally in manufacturing output and trade.
Economic Output
- In 2022, Ningbo's total industrial output value above designated size reached 1.57 trillion yuan, representing a 7.2% year-on-year increase.
- Ningbo's industrial added value accounted for 38.5% of its GDP in 2022.
- The high-tech industry in Ningbo contributed 42.3% to the total industrial output in 2022.
- Ningbo's manufacturing PMI stood at 51.2 in December 2022, indicating expansion.
- In 2021, Ningbo's industrial enterprises above designated size numbered 12,400.
- Ningbo's equipment manufacturing industry output was 512 billion yuan in 2022.
- The chemical industry in Ningbo produced 320 billion yuan in output value in 2022.
- Ningbo's industrial electricity consumption reached 120 billion kWh in 2022.
- Fixed asset investment in Ningbo's industry grew 12.5% YoY in 2022.
- Ningbo ranked 3rd among Chinese cities in industrial output value in 2022.
- Ningbo's strategic emerging industries output grew 15.8% in 2022.
- The proportion of digital economy in Ningbo's industry was 28.6% in 2022.
- Ningbo's industrial R&D expenditure reached 85 billion yuan in 2022.
- Profits of industrial enterprises in Ningbo totaled 156 billion yuan in 2022.
- Ningbo's unit industrial added value energy consumption dropped 4.2% in 2022.
- In 2022, Ningbo had 1,850 industrial enterprises above scale with revenues over 1 billion yuan.
- Ningbo's textile industry output value was 210 billion yuan in 2022.
- The plastics industry in Ningbo achieved 180 billion yuan output in 2022.
- Ningbo's food processing industry output grew 8.9% to 95 billion yuan in 2022.
- Metal products manufacturing in Ningbo reached 145 billion yuan in 2022.
- Ningbo's furniture manufacturing output was 75 billion yuan in 2022.
- Paper products industry output in Ningbo hit 62 billion yuan in 2022.
- Ningbo's industrial output per capita was 1.25 million yuan in 2022.
- The growth rate of Ningbo's light industry was 6.8% in 2022.
- Ningbo's heavy industry output proportion was 65.4% of total in 2022.
- In Q1 2023, Ningbo industrial output grew 5.6% YoY.
- Ningbo's industrial enterprises profit margin averaged 9.8% in 2022.
- Ningbo led Zhejiang province with 28.7% industrial growth in strategic industries in 2022.
- Ningbo's industrial tax revenue was 120 billion yuan in 2022.
- The number of 'little giant' enterprises in Ningbo reached 1,200 in 2022.
Economic Output Interpretation
Ningbo is flexing its industrial might not just by churning out trillions of yuan in heavy machinery and chemicals, but by quietly betting its future on high-tech innovation and strategic smarts, all while becoming surprisingly energy-efficient for a manufacturing powerhouse.
Employment and Workforce
- Ningbo's industrial employment totaled 2.85 million in 2022.
- Manufacturing sector employed 1.95 million workers in Ningbo in 2022.
- Average wage in Ningbo industry was 98,500 yuan per year in 2022.
- Ningbo had 1,200 skilled labor training bases for industry in 2022.
- Unemployment rate in Ningbo's industrial workforce was 3.2% in 2022.
- Female workers in Ningbo manufacturing accounted for 42% in 2022.
- Ningbo trained 450,000 industrial workers via vocational programs in 2022.
- Migrant workers in Ningbo industry numbered 1.2 million in 2022.
- Labor productivity in Ningbo industry was 550,000 yuan per worker in 2022.
- Ningbo's industrial enterprises with 100+ employees totaled 4,200 in 2022.
- Youth employment rate in Ningbo manufacturing was 92.5% in 2022.
- Ningbo invested 12 billion yuan in workforce skills upgrading in 2022.
- Average working hours in Ningbo industry were 2,150 per year in 2022.
- Ningbo's industrial labor shortage was 150,000 positions in 2022.
- Union membership in Ningbo factories covered 95% of workers in 2022.
- Ningbo had 680,000 high-skilled industrial workers in 2022.
- Turnover rate in Ningbo manufacturing was 8.7% in 2022.
- Ningbo's industry added 120,000 new jobs in 2022.
- Proportion of college-educated workers in Ningbo industry was 28% in 2022.
Employment and Workforce Interpretation
Ningbo's industrial engine hums along, powered by nearly three million workers and a colossal investment in skills, yet it still thirsts for talent, all while managing to keep its vast workforce overwhelmingly employed, unionized, and more productive than ever.
Investment and FDI
- FDI utilized in Ningbo's industry was $12.5 billion in 2022.
- Number of foreign-invested enterprises in Ningbo reached 15,000 in 2022.
- Ningbo's high-tech FDI inflow was $4.2 billion in 2022.
- Investment in Ningbo's manufacturing fixed assets was 450 billion yuan in 2022.
- Ningbo Free Trade Zone attracted $8 billion FDI in 2022.
- Private investment in Ningbo industry grew 15.4% to 320 billion yuan in 2022.
- State-owned investment in Ningbo manufacturing was 180 billion yuan in 2022.
- Ningbo's industrial parks hosted 2,500 projects with total investment 1.2 trillion yuan in 2022.
- Venture capital investment in Ningbo tech industry was 25 billion yuan in 2022.
- Ningbo's overseas investment by enterprises reached $3.8 billion in 2022.
- Investment in digital transformation of Ningbo industry was 68 billion yuan in 2022.
- Ningbo's green industry investment totaled 95 billion yuan in 2022.
- Number of unicorn enterprises in Ningbo industry grew to 12 in 2022.
- Ningbo's PPP projects in industry had investment scale of 50 billion yuan in 2022.
- Foreign investment from Japan in Ningbo was $2.1 billion in 2022.
- US FDI in Ningbo manufacturing reached $1.8 billion in 2022.
- Ningbo's industrial fund scale expanded to 120 billion yuan in 2022.
- Investment growth in Ningbo's equipment manufacturing was 18.2% in 2022.
- Ningbo attracted 350 new FDI projects in manufacturing in 2022.
Investment and FDI Interpretation
Ningbo's industrial strategy is a masterclass in multi-track betting, attracting a massive $12.5 billion in foreign capital while simultaneously fueling its own private sector, aggressively backing high-tech and green transitions with billions, and even sending its own enterprises abroad, all to ensure it isn't just a factory floor for the world but a resilient and innovative hub shaping its own future.
Manufacturing Sectors
- Ningbo's automobile manufacturing output was 1.2 million vehicles in 2022.
- Geely Auto in Ningbo produced 780,000 vehicles in 2022.
- Ningbo's engine production reached 1.5 million units in 2022.
- The shipbuilding industry in Ningbo delivered 2.5 million DWT in 2022.
- Ningbo textile enterprises exported $15 billion worth in 2022.
- Plastic products output in Ningbo was 18 million tons in 2022.
- Ningbo's machinery manufacturing output value hit 680 billion yuan in 2022.
- Electronics industry in Ningbo produced components worth 450 billion yuan in 2022.
- Petrochemical output in Ningbo reached 45 million tons in 2022.
- Ningbo's apparel manufacturing employed 250,000 workers in 2022.
- Furniture exports from Ningbo totaled $8.5 billion in 2022.
- Ningbo produced 1.1 million tons of chemical fibers in 2022.
- Valve manufacturing in Ningbo output 2.8 million units in 2022.
- Ningbo's new energy vehicle production was 180,000 units in 2022.
- Die-casting enterprises in Ningbo numbered 1,500 with output 1.2 million tons in 2022.
- Ningbo's pharmaceutical manufacturing revenue was 120 billion yuan in 2022.
- Toy manufacturing in Ningbo exported $6.2 billion in 2022.
- Ningbo's metal processing output grew 10.2% to 210 billion yuan in 2022.
- Leather goods production in Ningbo was 450 million pairs of shoes in 2022.
- Ningbo's pump manufacturing output was 15 million units in 2022.
- Bearing production in Ningbo reached 280 million units in 2022.
- Ningbo's mold industry revenue was 38 billion yuan in 2022.
- Luggage manufacturing in Ningbo output 120 million pieces in 2022.
Manufacturing Sectors Interpretation
Ningbo isn't just building things; it’s industriously assembling the modern world, from the cars we drive and the ships that carry our goods to the shoes on our feet and the toys in our children’s hands.
Trade and Exports
- Ningbo's port handled 1.22 billion tons of cargo in 2022, world's highest.
- Ningbo-Zhoushan port container throughput was 33.36 million TEU in 2022.
- Ningbo's total import-export volume reached $320 billion in 2022.
- Exports from Ningbo grew 7.5% to $210 billion in 2022.
- Ningbo ranked 2nd in China for foreign trade volume in 2022.
- Mechanical and electrical products exports from Ningbo were $140 billion in 2022.
- Ningbo's exports to EU reached $45 billion in 2022.
- US imports from Ningbo totaled $38 billion in 2022.
- Ningbo's Belt and Road trade volume was $85 billion in 2022.
- Textile and apparel exports from Ningbo hit $28 billion in 2022.
- Plastic products exports from Ningbo were $22 billion in 2022.
- Ningbo's foreign trade with ASEAN grew 12.3% to $35 billion in 2022.
- Cross-border e-commerce exports via Ningbo reached $15.6 billion in 2022.
- Ningbo port handled 520 million tons of iron ore imports in 2022.
- Crude oil throughput at Ningbo port was 70 million tons in 2022.
- Container ships calling at Ningbo port numbered 22,000 voyages in 2022.
- Ningbo's export enterprises above designated size were 8,200 in 2022.
- Average customs clearance time at Ningbo port was 1.2 hours for exports in 2022.
- Ningbo's bonded logistics throughput was 150 billion yuan in 2022.
Trade and Exports Interpretation
While Ningbo's port may be the planet's busiest warehouse, its real trick is moving mountains of cargo and billions in trade with the brisk, clockwork efficiency of a Swiss watch, all while wearing an accountant's visor.
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