Ningbo NEV exports jump 148% in April as Brazil demand spikes
Brazil was the largest overseas market for Ningbo’s NEV exports in April, with shipments valued at 2.92 billion yuan, up 361.6% year on year.
Brazil was the largest overseas market for Ningbo’s NEV exports in April, with shipments valued at 2.92 billion yuan, up 361.6% year on year.
On the financial side, many Zhejiang exporters are primarily settling cross-border trade directly in yuan, circumventing dollar-denominated wire transfers.
Together, the two categories accounted for more than one-fifth of Zhejiang’s export growth over the period.