Textile Exports Decline In Shaoxing, Zhejiang

On the 16 day, Shaoxing Customs issued statistics showing that in the first half of this year, Shaoxing achieved a total import and export value of US $15 billion 840 million, a slight increase of 1.5% over the same period last year. Among them, the export value was 12 billion 380 million US dollars, an increase of 1.7%; the import value was 3 billion 460 million US dollars, an increase of 0.8%.

In the first half of this year, the growth rate of Shaoxing's export growth was only one digit, and the growth rate was lower than that of the whole province and the national average. The reasons are manifold. Shaoxing customs analysis pointed out that, mainly including the European Union and other international markets continued to slump, dragging down the growth rate of Shaoxing's exports decline; at the same time, Shaoxing City Textile and clothing Such as product orders transfer intensified, the international market share fell.

What new information has been revealed after the 1.5% growth rate? What are the new phenomena in the first half of the year?

Textile and garment exports declined in January

Textile clothing has always been the main export product of Shaoxing. Shaoxing customs statistics show that in the first half of this year, Shaoxing Textile exports The value was $8 billion 170 million, an increase of 2.8% over the same period, an increase of 1.1 percentage points over the city's average. The proportion of textile and garment exports increased, accounting for 66% in the first half, up 3.4 percentage points over the same period last year.

It is noteworthy that in June, exports of textiles and clothing fell by 4.6% year-on-year. This is also the third time this year that the textile and clothing export value of Shaoxing has dropped.

The export performance of textile and garment directly affects the import and export data of Shaoxing in June. Shaoxing customs statistics show that in June, Shaoxing achieved import and export value of US $2 billion 870 million, down 5.9% from the same period last year. Among them, exports of US $2 billion 350 million, down 3.7% compared to the same period, and imports of US $520 million, down 14.7% from the same period last year.

"In June, it was an important period for the purchase of Christmas orders in western countries. Spin Such negative growth of clothing is relatively rare in recent years. Shaoxing customs official said.

Highlights through semiannual reports

In the first half of this year, the overall index of Shaoxing's foreign trade is weaker than that of the whole country and the whole province. However, a detailed analysis of the semi annual data provided by Shaoxing customs also shows many bright spots.

In the export market, although exports to the EU have continued to decline, the US economy has recovered since the beginning of this year. Shaoxing's exports to the US have maintained a two digit increase. Shaoxing customs statistics show that in the first half of this year, Shaoxing's exports to the United States amounted to 1 billion 610 million US dollars, up 11.5% over the same period last year.

Imports and exports of emerging markets have maintained relatively rapid growth. After years of market expansion, Shaoxing's exports to the African market have maintained a relatively rapid growth. In the first half of this year, the value of Shaoxing's exports to Africa amounted to US $1 billion 460 million, an increase of 13.6% over the same period last year. Shaoxing exported $720 million to the UAE, an increase of 20.4% over the same period last year. Meanwhile, Shaoxing's exports to Russia amounted to US $350 million, up 16.3% from the same period last year. Shaoxing customs officials pointed out that with Russia's accession to the WTO in August this year, Shaoxing's exports to Russia are expected to continue to grow at a high speed.

The enthusiasm of the vast number of private enterprises in developing foreign trade is not diminished. Statistics from the Municipal Bureau of Commerce show that between 1 and June, there were 872 newly registered enterprises in the city and 6850 enterprises with export performance, an increase of 473 over the same period last year. At present, Shaoxing has gained 1.3 enterprises in terms of import and export operation right.

Transformation and upgrading of enterprises is imperative

For a big foreign trade such as Shaoxing, the slowdown in the growth of foreign trade imports and exports has far-reaching effects. Shaoxing customs officials pointed out that it is imperative for enterprises to increase their structural readjustment and transformation and upgrading of foreign trade. Enterprises can not be bigger but not stronger, and do more finely and professionally, so as to maintain the sustainable development of foreign trade.

It is also urgent for local governments to readjust and improve their policies to support foreign trade. Shaoxing has taken the lead in taking actions to increase its support for foreign trade enterprises, and has promulgated corresponding policies and measures to support enterprises in exhibiting, insuring export credit insurance, conducting e-commerce marketing, expanding import and export scale, and coping with trade frictions, so as to encourage enterprises to vigorously expand the international market.

The industry also pointed out that, at present, the international market commodity prices have been in the low position in recent years, the expansion of imports is at the right time. For the strategic emerging industries and petrochemical energy industries with bright prospects, we should actively expand the import of advanced technology and equipment, key components and energy and raw materials, so as to prepare for the next round of economic growth.