Wenzhou Footwear And Other Foreign Trade Data Grab Eye

Wenzhou customs latest statistics, in the first half of the total import and export volume of Wenzhou reached 7 billion 402 million U.S. dollars, an increase of 24.2% over the same period last year.

Benefiting from the gradual recovery of the international economy and the stabilization and improvement of the domestic economy, Wenzhou's foreign trade accelerated in the first half of the year with the joint promotion of production and consumption demand at home and abroad.

On the basis of low base in the same period last year, the growth of foreign trade volume and growth rate has been better than that of the same period in 2008, showing a good recovery growth trend.

In the first half of this year, Wenzhou's commodities exported to 190 countries and regions. The European Union, the United States, ASEAN, Russia, the United Arab Emirates and India ranked the top 6 in the export market of Wenzhou, accounting for 59% of the total export volume of Wenzhou in the first half of the year.

"The restorative growth of exports to Russia and Ukraine is also beginning to dawning. Last year, Wenzhou shoes suffered a double blow from gray customs clearance and currency depreciation."

Huang Wanyi, deputy general manager of Dongyi Shoes Co., Ltd., told reporters that after the closure of the Cheel Guizo J market, many Wenzhou shoe traders have moved to Russia to stay in the big market. According to past experience, the peak season of delivery will be welcomed in the second half of the year.

However, compared with the relatively stable market in Europe and America, Russia's trade policy is highly volatile, which is the potential risk of Wenzhou's export.

On the export side, labor-intensive commodities are still dominant. The top five export commodities are footwear, clothing, on-off protection circuit devices, spectacles, valves and synthetic leather. Import is mainly made of plastic particles, chemical raw materials, logs, raw cowhide and iron and nickel.

Wenzhou customs reminds enterprises to pay attention to the expected impact on the European debt crisis.

From the first half of the year, the growth rate of exports to the European Union is 24% year-on-year, 5.3 percentage points lower than the overall export growth of Wenzhou. This represents the impact of the European debt crisis and the devaluation of the euro on Wenzhou's exports.

The European debt crisis and euro depreciation all took place in the second quarter.

According to the 3-5 month cycle of the order processing period, the impact of the European debt crisis on Wenzhou's foreign trade in the second half of the year will be further revealed.

In addition, the national policy expectation is not optimistic. International market price fluctuation and import growth should enter the vision of enterprise risk management and control.