The First Half Of 2008 Guangdong Dongguan Toy Industry Negative Growth For The First Time

According to the information released by the Whampoa customs, the export of traditional textile, clothing, shoes and furniture in Dongguan in the first half of this year increased year-on-year, but the growth rate has dropped completely, and the toy industry has even experienced negative growth for the first time.

　　三大產品出口增速回落

In the first half of this year, Dongguan exported textiles and garments (including textiles, yarns, fabrics and products, clothing and accessories), 2 billion 200 million US dollars, an increase of 1% over the same period last year (the same below), a 14.3 percentage point increase over the previous year, 1 billion 310 million US dollars in footwear exports, an increase of 16%, a 4.2 percentage point drop in growth rate, 1 billion 360 million US dollars in furniture exports, an increase of 3.4%, and a slowdown of 17.5 percentage points.

The export of the three types of products is mainly processed trade, and foreign investment enterprises are the new force of export.

After the abolition of the quota restrictions on textile trade between China and Europe, Dongguan's textile and clothing exports to the EU increased by 1.1 times, exports to the United States dropped by 5%, footwear exports to the United States increased by 10.1%, exports to Hongkong increased by 1 times, furniture exports to the US decreased by 6.7%, and exports to the EU increased by 19%.

According to the analysis, the slow pace of Dongguan's traditional commodity exports is mainly affected by domestic policy adjustment, RMB appreciation, the increase of raw materials, power and labor costs, and the contraction of domestic money. The international market is affected by the subprime crisis of the United States, and demand is decreasing. Meanwhile, neighboring developing countries are also competing fiercely with China.

It is worth noting that the volume of exports to the EU has increased rapidly in the first half of this year, and the EU is paying close attention to bilateral trade between China and Europe.

The EU's directive to restrict the use of PFOS directive (that is, the EU directive to restrict the use of perfluorooctane sulfonyl compounds) was formally implemented in June 27th, and textile products were the first to bear the brunt.

　　玩具出口創匯同比下降1.5%

In the first half of this year, Dongguan toys exported 550 million US dollars, down 1.5% from the same period last year.

Among them, the export of processing trade was dominant, and the export of toys by processing trade decreased by 1.46%, accounting for 98% of the total value of toy exports in Dongguan during the same period (the same below).

On the other hand, the export of foreign invested enterprises is the main part, and the export of private enterprises has increased slightly.

In the first half of this year, foreign invested enterprises in Dongguan exported 290 million US dollars, an increase of 2.4%, accounting for 52.7%.

Over the same period, private enterprises exported 94 million 510 thousand US dollars, a slight increase of 2.8%.

The main export markets are the United States, the European Union and Hongkong.

In the first half of this year, Dongguan exported to US $210 million, down 15.8%, exports to the EU 150 million US dollars, down 0.3%, exports to Hongkong 50 million 120 thousand US dollars, an increase of 47.8%.

The above 3 regions account for 74.5% of the total value of toy exports in the same period.

According to customs analysis, the main reason for the slowing down of toy export in Dongguan is the gradual upgrading of the "safety and quality standard" of toys.

Since May 1st this year, the United States has implemented a new toy testing and safety certification scheme.

The scheme is cumbersome, harsh and short in buffer period. According to conservative estimates, the cost will increase by 25%.

In addition, the "structural contradictions" of toys are still outstanding.

Most toys in Dongguan are still dominated by imitation and traditional toys, which do not match the needs of the international market.

With the independent design and production of fewer personalized toys, the added value of products is not high, and the ability to resist risks is poor. It is easy to be restricted by trade barriers in developed countries.

　　中小型玩具企業壓力最大

"I do not quite agree with this view."

As for the negative growth of toy exports, people in Hejun Group Co., Ltd., a large toy enterprise in Zhangmutou town, said: "in fact, for our big factories this year, orders have not been reduced. From the beginning of the year to the present, they have not stopped, and to some extent, they are on the rise.

Mainly small and medium-sized toy factories have reduced orders or even orders.

In this way, there will be fewer exports.

According to the industry, the toy industry in Europe and the United States has a relatively stable consumer market, and there has not been any shrinkage. However, the biggest pressure faced by toy enterprises is the tightening of bank credit in Hongkong and Mainland China.

"At present, our larger enterprises have felt tighter at the level of capital, and are influenced by the comprehensive factors such as raw materials, labor costs and exchange rate, which are more pressure than small factories."

It is reported that many small factories did not receive orders since the beginning of the year because they were not profitable.