Exchange Rate Changes, Pearl River Delta Nearly Half Export Shoe Enterprises Delisting

Under the multiple adverse factors such as exchange rate changes and raw materials rising, Guangdong's exporters "footwear" enterprises encounter Waterloo.

Reporters learned from the Guangzhou customs, 1~5 months this year, Guangdong exported 1 billion 350 million pairs of shoes, 15.5% lower than the same period last year; more noteworthy is that the most concentrated footwear in the Pearl River Delta region exported 940 million pairs of shoes, a sharp decline of 25.7%, nearly half of the export enterprises to withdraw from the footwear industry.

Reporters learned from the Federation of footwear associations and customs officials that the main reason for the great change in the export of footwear enterprises lies in the reduction of export tax rebates and the adjustment of processing trade policies, as well as the continued appreciation of RMB and the rapid rise in labor costs.

"A group of shoe factories with insufficient internal force began to move to areas outside the PRD or to withdraw from the shoemaking industry", customs professional analysts told reporters.

However, it is fortunate that although the footwear export enterprises are suffering from a cold current, big enterprises still live very well.

Customs officials also said that the export performance had not been greatly affected, and the export value of 1~5 was $3 billion 460 million, which still achieved a 8% increase.

Among them, there are 4 enterprises with export shoes exceeding 100 million US dollars, an increase of 2 over the same period last year.

"Customs officials said.