According to Ningbo Customs statistics, from January to October, Ningbo Port exported 1.329 billion pairs of socks (excluding baby socks), an increase of 12.47% over the same period last year, with a value of $223 million, an increase of 38.67%.

Affected by the US Customs Closure, the export of American socks at Ningbo Port rose and fell sharply from January to October. From October 28, 2004, the United States formally imposed a quantity restriction on cotton, wool and chemical socks imported from China. By May 2005, all quotas had been exhausted. Affected by this, the export of American socks to Ningbo Port soared from January to April this year. Among them, the export volume in April was 16.116 million pairs, up 195.4% year on year, reaching a record high. Since June, the export of socks to the United States at Ningbo Port has been in a downturn, reaching only 867,200 pairs in September, down 82.43% from the same period last year.

Because of the restrictions imposed by the United States on the export of socks to China, socks enterprises have changed their export orientation and actively exploited new markets, so Ningbo Port's exports to the European Union, Russia and Ukraine are growing strongly. According to statistics, from January to October this year, Ningbo Port exported 315 million pairs of socks to the EU, an increase of 113.46%, 104 million pairs to Russia, an increase of 37.44%, 131 million pairs to Ukraine, an increase of 26.65%, accounting for 41.41% of the total export volume.

Emerging markets have low volume and price increases. Among the major markets with fast growth in export volume, the average export price is lower than the average of US$0.17 per pair at Ningbo Port. Statistical data show that enterprises still continue the old way of low-price competition in developing emerging markets, and there is a greater risk of anti-dumping investigation by foreign countries. Among them, the average export price to ASEAN was US$0.02 per pair, down 77.8% year-on-year, lower than 88.2% of the average export price; to EU, the average export price was US$0.14 per pair, lower than 17.6% of the average export price. In the EU, exports grew rapidly in Italy, with an average export price of only US$0.15 per pair, a drop of 75.8%.