Before August, Jiangmen's Export Growth To The US Dropped Sharply.

A few days ago, reporters learned from Jiangmen customs and foreign trade and Economic Cooperation Bureau that this year, thanks to the continued spread of the subprime mortgage crisis in the United States, the acceleration of the appreciation of the RMB against the US dollar and the increase in production costs, Jiangmen's export growth to the US slowed down significantly, and imports increased significantly. 6737 million U.S. dollars decline, 9.3% lamps and lighting exports exported $10000 million, 22.9% 3373 stainless steel kitchenware export $3373 million, the decline of 1.8% shoes exports $10000 million, 22% automobile parts exports $10000 million growth, 7% textile yarn, fabrics and products export $10000 million growth, according to customs statistics of Jiangmen, 1-8 months of this year, the bilateral trade volume between us and the United States was 1 billion 500 million US dollars, up 11.3% over the same period last year (the same below), accounting for the total foreign trade volume of Jiangmen in the same period, accounting for 1 billion 270 million US dollars, accounting for 19.5% of the total export volume of Jiangmen in the same period, accounting for 19.5% of the total export volume of Jiangmen in the same period, an increase of 6.2% percentage points, a drop of 8.7 percentage points from the same period last year, which is also far lower than the overall growth rate of Jiangmen's foreign trade export 14.2% over the same period. 1 - August statistics of Jiangmen's exports to the United States, trade volume, trade volume, and exports of clothing and accessories The export of state-owned enterprises to the United States dropped by nearly 30%. According to the statistics of Jiangmen customs, in this year, Jiangmen exported $900 million to the US in the form of processing trade, including 820 million US dollars in exports, an increase of 7.6%, an increase of 5.2 percentage points over the same period of last year, and an increase of 70 million US dollars, an increase of 22.9%.. The growth rate dropped 8.5 percentage points, private enterprises exported to the United States 220 million dollars, decreased by 0.7% percentage points, and the growth rate dropped by 9.1 percentage points. The export of state-owned enterprises to the United States dropped significantly against the US dollar. The customs data showed that, in the month of July, the export of the top 10 categories of goods exported to the United States decreased, the export value of clothing and clothing accessories was US dollars, the decline was 28.7%., the export of lamps and lighting equipment was US dollars, the decline was lower; the export of stainless steel kitchenware exported US dollars, the decline was 1-8; the export of footwear was US dollars, down by 22%.. In 1-8 months, foreign invested enterprises in Jiangmen increased 1 billion 120 million to the US $1 billion 120 million in imports and exports, accounting for 74.7% of the total volume of bilateral trade between Jiangmen and the United States in the same period, of which 1 billion 10 million US dollars for exports to the United States increased by 9.8% Imports of agricultural products amounted to US $48 million 240 thousand, an increase of 1.3 times, accounting for 40 million 770 thousand US dollars in total 21.7%. caprolactam imports from the United States in the same period, an increase of 31.7%; the imports of plastic imports of primary form increased by US $22 million 290 thousand, an increase of 35.6%; that of imports of coated paper was 15 million 400 thousand US dollars, an increase of 36.6%; that of imports of stainless steel was 7 million 900 thousand US dollars, an increase of 7.9 times; that the import of machinery and parts for manufacturing paper and paper products was 7 million 60 thousand dollars, an increase of 40 million 770 thousand times that of Jiangmen. The sub prime mortgage crisis and the appreciation of the renminbi are the main reasons. According to a person in charge of the Jiangmen Municipal Foreign Trade and Economic Cooperation Bureau, the subprime mortgage crisis and the appreciation of the renminbi are the main reasons for the weak export growth this year. It is reported that since the outbreak of the US subprime mortgage crisis last year, the growth rate of Jiangmen's exports to the United States has been showing a downward trend. The growth rate of Jiangmen's exports to the US in 2007 has dropped to 10.5%, down 21.3 percentage points from 2006. As the subprime crisis broke out, the US economy gradually weakened and consumer demand weakened. In addition, this year, the RMB exchange rate against the US dollar has reached a new high. As of the end of August, the appreciation of RMB against the US dollar has reached as high as 18.7%. yuan against the US dollar relative to the exchange rate reform. On the one hand, it has weakened the price advantage of our traditional products in the US market, led to the slowdown in China's export to the United States, on the other hand, it has also improved the price competitiveness of American products in China, and promoted our country's import from the United States significantly increased. At the same time, as domestic labor costs rise, raw material prices rise and the export tax rebate rate has been greatly reduced or canceled, coupled with tight monetary policy has increased the financial pressure on enterprises, the export profits of enterprises have been further squeezed, and export power has decreased significantly, which has become another important reason for the decline in US export growth. Liu: Xu Liyan, the newsletter of Liu Xue Jie, 1-8, Pengjiang's foreign trade exports increased by 15% over the same period last year. (reporter Liu Xue) recently learned from Pengjiang foreign economic and trade bureau that in this year, the foreign trade and economic cooperation in the Pengjiang region completed the task of exceeding the time schedule, and the import and export of foreign trade continued to grow steadily. According to statistics, in 1-8 months, 103 newly imported foreign investment projects in Pengjiang District, and 120 million 350 thousand US dollars in actual utilization of foreign capital, grew by 10.17%. compared with the same period last year. The total value of foreign trade and import and export totaled US $1 billion 973 million, an increase of 12.35% over the same period last year, of which 1 billion 563 million US dollars were exported, up 11.76% from the same period last year, and 410 million US dollars were imported, an increase of 14.64%. over the same period last year.