Analysis: Guangdong Footwear Exports Shrink
According to statistics released by Guangzhou Customs on 18 th, 1 pairs of shoes exported to Guangdong from 2010 to October, 3 billion 440 million pairs worth 10 billion 150 million
dollar
They increased by 20.5% and 24.4% respectively over the same period last year.
In the past 3 months, the size of the export of Guangdong's shoes has narrowed down, and the export volume has decreased continuously. In October, 290 million pairs of exports were increased, 1.8% increased, the ratio decreased by 3.1%, the value was 960 million dollars, the growth rate was 30%, and the annulus ratio decreased by 11.3%.
The data show that Guangdong shoes still dominate the traditional European and American market, and export performance to emerging markets is different.
From 1 to October, Guangdong shoes on the traditional market in the United States,
European Union
Exports of US $4 billion 620 million and US $1 billion 410 million, respectively, increased by 21% and 25.1% respectively. The total exports to the above two markets accounted for 59.5% of the total value of Guangdong's footwear exports in the same period, and the proportion was 1.2 percentage points lower than that of the same period last year.
The gradual recovery of the Latin American economy and the establishment of the China ASEAN Free Trade Zone provide a good opportunity for the export of Guangdong's shoes. From 1 to October, the export value of Guangdong shoes to Latin America and ASEAN exceeded 5, respectively, for exports of US $740 million and US $710 million, up 68.3% and 50.6% respectively, while exports to Africa and the Middle East were not as good as the total. Exports to Africa were US $380 million, an increase of 18%, while exports to the Middle East were 250 million US dollars, down by 26.9%.
Customs Remind us that the recent outbreak of protectionism abroad, the accelerated appreciation of RMB, the rising cost of raw materials, and the introduction of support measures by competitors have brought instability to footwear exports: first, frequent trade protectionism measures and increasing export costs. The two is the recent appreciation of the renminbi against the US dollar, which compresses export profits. Three is the substantial increase in production cost and the reduction of product competitive advantage.
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