Financial Crisis Hits The Decline Of Silk Export In Sichuan And Chongqing
Affected by the global financial crisis, silk export in Sichuan and Chongqing is facing a grim situation. In 1-9 months, the export volume of Silk Commodities in Sichuan was 65 million 980 thousand US dollars, down 13% compared with the same period last year; in September, the initial export volume was 6 million 630 thousand US dollars, down 23% from the same period last year.
More than 80% of Sichuan's silk exports are concentrated in the Asian market. Due to the spread of the financial crisis, the accelerated depreciation of the currencies of Korea and India has greatly affected exports. Meanwhile, the orders of the silk export companies have also been reduced by 10%-40%. Chongqing's silk products are mainly exported to the United States, and the US market demand has been greatly reduced by the financial crisis, and export orders have fallen by an average of over 40%.
According to the special permit issued by Chengdu for export commodities, Chengdu issued 1124 export licenses for silk products in 1-9 months, 90 fewer than last year, 3344 tons, down 13.3% from the same period last year, and the license amount was 79 million 60 thousand US dollars, down 12.7% compared to the same period last year.
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