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In February, Zhejiang Exported Its Foreign Trade Footwear To A Sharp Drop Of 11%.

2009/3/12 0:00:00 37

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Following the 10.8% drop in exports in January, Zhejiang's foreign trade dropped again in February.

In the same month, our province exported 5 billion 510 million US dollars, down 38.3%. The value of exports in February 2006 is the lowest since February 2006, and the decline is the largest ever.

Yesterday, the Hangzhou customs informed the foreign trade data of 1-2 months of this year, which showed that Zhejiang's export data in the first two months were "a mess".

According to Hangzhou customs statistics, in 2009 1-2, Zhejiang achieved a total import and export value of 23 billion 330 million US dollars, down 23.5% from the same period last year (the same below).

Among them, exports amounted to 17 billion 250 million US dollars, down 21.8%, and imports of US $6 billion 80 million decreased by 27.9%.

The cumulative trade surplus of US $11 billion 170 million decreased by 18.1%, down 23.2 percentage points from the same period last year.

data

Auto parts export 1/3 crazy

In the 1-2 month of this year, our province's exports to Europe, the United States, Japan and other major export markets were lower than the average decline in the whole province, while the export to Latin America, ASEAN and other emerging markets and developing countries were significantly lower than the average decline.

Among them, exports to the European Union amounted to 5 billion 160 million US dollars, down by 18.3%; exports to the United States were 3 billion 140 million US dollars, down by 18.9%; exports to Japan were US $1 billion 280 million, down by 4.6%; exports to Latin America were 1 billion 50 million US dollars, down by 28%; exports to Africa were 1 billion 20 million US dollars, down by 19.3%; exports to ASEAN were 840 million dollars, down by 840 million.

In terms of export commodities, the export of mechanical and electrical products and high-tech products dropped by an average higher than that of the average level. Among them, mechanical and electrical products decreased by 25.5% from 7 billion 30 million US dollars, and export of auto parts decreased considerably, and auto parts exported 300 million US dollars, down 33.6%.

In the first two months, the only bright spot of our province's exports was the ship that still maintained growth, and the ship exported 600 million US dollars in the first two months, an increase of 38.5%.

The main labor intensive products exported to Zhejiang, such as textiles and clothing, exported 5 billion 150 million US dollars in the first two months, down by 18.5%; furniture exports 890 million US dollars, down 8.6%; footwear exports 610 million US dollars, down 11%, and the export decline was obviously lower than the average level.

Reason

Insufficient orders cause many enterprises to start late

For the sharp drop in foreign trade data in the first two months, Qian Ping, head of Hangzhou customs, said that in February, the export of Zhejiang province showed a larger decline, which was related to the late start of a large number of enterprises in Zhejiang province after the Spring Festival.

It is understood that, due to the lack of hand orders at the beginning of the year, some enterprises have cut down expenses and extended the workers' Spring Festival holidays. Some enterprises have not even started construction until the end of February.

From the export market, in addition to the obvious decline in exports to Europe and the United States, exports to other parts of the world are also very bright. The export decline has even exceeded Europe and the United States. It shows that the current US financial crisis has begun to spread worldwide, and the emerging markets and other developing countries are likely to have a further decline in the export of these regions in the future due to the fact that the total economic volume is small and the market stability and inclusiveness are not strong enough.

In export commodities, the export performance of labor-intensive products is more stable, reflecting that the demand for cheap and good products in China still has stable market demand in the face of the general decline of international market demand.

Aftermarket

Will the adverse effects continue?

However, Qian Ping believes that the sharp decline of exports in our province is mainly caused by the reduction of global market demand caused by the US financial crisis.

In a survey conducted by the Hangzhou Customs on 79 foreign trade enterprises in the jurisdiction, 87.3% of the enterprises considered that the external market demand was one of the reasons affecting the export decline in the first 2 months, and the intensity of the impact was the highest among all the factors.

As a global economic vane, the US economy has been having bad news recently.

The US GDP in the 4 quarter was adjusted to -6.2% at an annual rate, the largest single quarterly decline in 25 years, far exceeding expectations. Since November 2008, the US ISM manufacturing index has been 36.2, 32.4, 35.6 and 35.8, respectively, which are far below the 50 expansion gap demarcation line, indicating that the us macro economy is still in a state of rapid contraction.

In addition, in the fourth quarter of 2008, Britain, Germany, France and Italy in the main European countries contracted GDP from -1.2% to -2.1%, while the unemployment rate rose to around 7%.

The data show that there is a certain correlation between the export of our province and the trend of the US economy. The current deterioration of the US economy will adversely affect the export of Zhejiang in the next stage.

Editor in chief: Xu Qiyun