Manchuria'S Footwear Exports Continue To Decline, Reflecting Unfavorable Factors

In February 2009, the total value of imports and exports of Manchuria port was 402 million US dollars, down 50.50% from the same period last year, of which the total value of exports was US $37 million, down 45.83% compared with the same period last year, and the total value of imports was US $365 million, down 50.93% from the same period last year.

Since November 2008, the total value of imports and exports of Manchuria ports has been declining for the 4 consecutive month, and the total value of exports has been decreasing for the same period of 4 months. The total value of imports has declined for 4 consecutive months, but the ring ratio has been showing growth for the first time after 3 consecutive months. In February 2009, the total value of Manchuria port imports increased by 9.88%.

From the point of view of the trade value of the main import and export commodities, in February November 2008, the import of crude oil, logs, pulp, iron concentrate, fertilizer, n-butanol and isobutanol in Manchuria port decreased for the 4 consecutive month. The import value of crude oil and log decreased in February 2009 after a 3 month decline. The import saw lumber only decreased slightly in January 2009 compared with the same period in January 2009. The other 3 months grew year by year. The export of electromechanical products and footwear decreased for the 4 consecutive month, and the export of steel products increased slightly in February 2009 after 3 months of continuous decline. The export of vegetables, fruits and textiles increased for 4 consecutive months.

Russia's trade accounted for more than 99% of Manchuria port's foreign trade. Therefore, the import and export trade status of Manchuria port can reflect the development trend of Sino Russian trade to a certain extent, but there are still some unfavorable factors.

First, Russia's domestic economic performance is weak and exports to China have slowed down.

Since August 2008, after the conflict between Russia and Georgia and the fall in international oil prices, Russia's stock market has collapsed, rouble depreciates, residents' real incomes have declined, and economic growth has slowed down.

At the same time, the prices of energy raw materials, such as oil, non-ferrous metals, fertilizers, timber and so on, have dropped sharply in the international market. These two reasons led to a slowdown in Russian exports to China.

Two, the border trade between China and Russia is more obvious, and the cooperation of large projects has little effect.

The economic and trade impact of China and Russia is an inevitable reaction under the financial crisis.

But the key to Sino Russian economic and trade cooperation is the cooperation of large projects. The main reasons are: first, Russia has the intention of using China to resist the United States; two, China urgently needs to strengthen exchanges with Russia in space, nuclear technology and military fields.

Therefore, the cooperation between the two countries in petroleum, nuclear energy, aerospace and other fields needs each other and is effective for a long time.

Three. There will be no fundamental change in the structure of Sino Russian trade import and export commodities.

Owing to its distinct resource endowments, Russia mainly exports raw material products to China, of which oil is more than half. In addition, timber is an important part of Russia's exports to China. In China, traditional advantages such as clothing, textiles, household appliances and spare parts have always been in the forefront of exports to Russia.

The impact of the international financial crisis will not and fundamentally change the basic situation of Sino Russian trade import and export commodity structure and the trend of long-term complementary development.

Four, China and Russia are becoming more and more prominent.

China Russia relations are stable and developing relations, and there is a common interest in strengthening economic and energy cooperation. China and Russia have the need to cooperate with each other, so the strategic partnership of cooperation between China and Russia has been consolidated and developed.

The absolute value of trade volume between China and Russia is still very small, which is very incongruous with the status quo of the two big economies and the political relations between the two countries, and there is still much room for growth.

However, under the influence of the international financial crisis, the recovery of the Russian economy will take at least 2-3 years. During this time period, Sino Russian bilateral economic and trade cooperation is bound to be affected, and the situation of "political heat and cold" will intensify further in a short time.

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