PPE

Tongxiang shoes and clothing export shows growth trend

recently, in the workshop of Zhejiang Minglong Holding Co., Ltd., workers are stepping up the production of foreign trade orders. At present, the company is mainly concentrated in Europe, the United States, the Middle East and Southeast Asia, with steady growth in foreign trade business, gradual increase in the number of orders and continuous improvement in business conditions

in the first half of 2010, with the gradual recovery of the global economy, the foreign trade of our city also continued the rapid recovery growth trend since the end of last year. 1n the first half of the year, the city’s total import and export volume reached 1.38217 billion US dollars, up 58% year on year, of which the export volume reached 83732 million US dollars, up 39% year on year, and the import volume reached 54435 million US dollars, up 102% year on year. Moreover, the city’s three major indicators of import and export, export and import have maintained a growth rate of more than 30% for five consecutive months. The absolute value of import and export in a single month has reached a record high for three consecutive months. Compared with the first half of 2008 before the financial crisis, the import and export, export and import have increased by 8%, 2% and 17% respectively, indicating that the city’s foreign trade has basically recovered to the level before the financial crisis

in foreign trade, the city’s large enterprises still occupy the leading position in the city’s export, and the concentration of export enterprises is further improved. 1n the first half of the year, the total exports of the top 20 export enterprises in the city reached 434.66 billion US dollars, up 49% year on year, and the proportion of exports increased from 50% in the same period last year to 52%. 15 enterprises maintained positive growth, and 8 enterprises such as “Huayou cobalt”, “Boli technology”, “Zhongchi chemical fiber” and “Zhongxin chemical fiber” doubled their exports. The city’s nine major categories of major export commodities all achieved year-on-year growth, and the export growth rate of pharmaceutical and chemical industry, plastic and rubber products, mechanical and electrical products, textiles and other industrial intermediate products was more than 40%

however, the export growth of traditional commodities such as clothing, shoes and fur obviously lags behind other commodities. The slow recovery of traditional commodity exports is due to the fact that the EU accounts for nearly half of the city’s clothing exports, but since the beginning of this year, the euro exchange rate has fallen sharply, which has further lowered the clothing exports in US dollars. At the same time, the sharp fluctuation of exchange rate has led some enterprises to be more cautious in accepting orders. On the other hand, the “labor shortage” since the beginning of this year has led to insufficient construction of some enterprises, affecting exports to a certain extent

“although the import and export of foreign trade in the first half of the year increased significantly, this was achieved on the basis of the global economic downturn, the decline of import and export commodity prices and the low foreign trade base in the same period last year.” Zhang Haiming, head of the foreign trade section of the Municipal Bureau of foreign trade and economic cooperation, analyzed that on the whole, the city’s foreign trade is still in the stage of restorative growth. As the impact of European debt crisis and euro devaluation has a certain lag, the negative impact has not yet appeared. At the same time, under the pressure of RMB appreciation, rising raw material prices and labor costs, as well as the rise of Global trade protectionism and other uncertain factors, it is expected that the growth rate of foreign trade in the second half of the year will gradually slow down, and the overall foreign trade trend of the whole year will be “high in the front and low in the back”

Back to list