The Canton Fair'S Export Orders To The US Decreased By 30%, And Half Of Its Export Enterprises Were Affected.

In November 5th, the first session

Opening in Shanghai, this is also the world's first large-scale national exhibition focusing on imports.

And just the day before,

The Canton Fair has always been a barometer for the import and export trade of the mainland. The pcript of this Canton Fair is of concern. Statistics show that the volume of exports to the US in the 124th Canton Fair fell by 30.3% compared to the same period last year, only 2 billion 790 million dollars.

Not only the United States, but also the number of other major developed economies.

Among them, the main developed economies and traditional markets were generally reduced, the number of purchasing merchants in the EU decreased by 3.93%, the number of purchasing merchants in the United States decreased by 4.07%, and the number of purchasing merchants in Hongkong decreased by 6.34%.

Obviously,

In October, the new export order index of PMI data has been the lowest since 2016. From the result of the entrepreneur survey, the impact of Sino US trade war has begun to appear.

This means that the over expected performance of recent export data is more likely to be due to grab export factors. The actual long-term order situation may not be optimistic. More market participants estimate that more trade frictions will be concentrated in the first half of next year.

The Canton Fair has always been a barometer of the import and export trade of the mainland.

Xu Bing, deputy director of the China Foreign Trade Center, said on the 4 day that the number of purchasers in the Canton Fair had dropped slightly.

The number of buyers attending the meeting was close to 190 thousand, which was 1.11% lower than that of the Autumn Fair in 2017.

Among them, the main developed economies and traditional markets were generally reduced. The number of buyers in the US decreased slightly by 4.07% compared with that of the traditional ones, while the number of purchasing merchants in the EU decreased by 3.93% and the number of purchasers in Hongkong in China decreased by 6.34%.

Compared with major developed economies and

The number of purchasing merchants and turnover decreased, but there was an optimistic trend of exhibitors and purchasers in all countries and regions along the belt and road. There were 77733 new purchasers in the Canton Fair.

Among the top ten buyers, the number of countries and regions along the "one belt and one road" account for 7.

Among them, the number of purchasers along the line grew by 0.16% over the same period last year, accounting for more than 44% of the total number of participants.

In terms of paction volume, there has also been a slight drop.

The total export turnover of the Canton Fair was 29 billion 860 million yuan (206 billion 494 million yuan), which was 1% lower than that of the Autumn Fair in 2017.

Sino US trade friction has also brought great uncertainty to the normal economic and trade cooperation between Chinese and American enterprises.

Judging from the operation of the Canton Fair, 10739 purchasers from the United States dropped 4.07% from the same period last year, and traded at US $2 billion 790 million, down 30.3% compared with the same period last year.

Xu Bing believes that with the further development of China's supply side structural reform, the new kinetic energy of China's foreign trade is accelerating and accumulating, and new progress has been made in the diversification of the market. These are all important foundations and powerful conditions for the development of foreign trade.

Exhibitors generally reflected that the export volume has steadily increased since the beginning of this year.

The Canton Fair survey shows that nearly 9 of the electromechanical enterprises said that the export volume of enterprises in the first three quarters of this year increased or flat compared with the same period last year.

Among them, 8 of the enterprises thought that the export situation in 2018 was better than that of last year.

But considering the continuous rising cost of domestic raw materials, labor and other factors and the external environment that the Sino US trade friction has increased, exhibitors also believe that the export situation next year is not optimistic.

Obviously, export enterprises have generally felt the tremendous impact of Sino US trade friction.

It is worth noting that at the end of October, in the Zhejiang province's investigation of export orders for exhibitors of Canton Fair, it was found that nearly half of the enterprises expected the export situation to be more severe next year.

From the bulletin of the Zhejiang Provincial Department of Commerce, during the 124th Canton Fair, Zhejiang province conducted a questionnaire survey of the participating enterprises in the province. Among the 4690 enterprises surveyed, 2138 enterprises (45.6%) were expected to face more severe export situation in 2019, and 1110 (23.7%) were expected to be flat in 2018, with 673 in advance (14.3%) in 2018, and 57 in 1.2% (1.2%) in 2018.

Nearly half of the enterprises expect the export situation to be more severe next year.

Of the 4690 enterprises, about 6 of the enterprises accounted for more than 10% of the US exports, of which 2 or more were between 10%-30%.

A total of 1882 enterprises' products are included in the list of goods that I am taxed by the United States.

Most of the enterprises (about 7 of them) accounted for less than 30% of the total exports of goods, but nearly 15% of the enterprises accounted for more than 80% of the total exports.

After the Levy of tariffs, from the new orders to the United States, 245 enterprises are expected to grow, accounting for 13% of the affected enterprises, 368 of them are flat, about 20%, and 1248 of them are down, accounting for 66%, of which 5 or more enterprises expect the new orders to be reduced by about 10% in the future.

From the US export situation in 2019, 199 enterprises are expected to grow, accounting for 11% of the affected enterprises, 395 of them are flat, about 21%, and 1264 of them are about 67%, of which half of them say that exports to the US will decline by about 10% in 2019.

It is worth noticing that in the Circular of Zhejiang Province, in October 26th, Sheng Qiuping, director of the Commerce Department of Zhejiang Province, made a special survey of the two phase of the Canton Fair exhibitors. Through the inspection hall and enterprise symposium, a thorough and thorough investigation was made on the enterprises' orders and the problems faced by enterprises in the Sino US trade friction situation and the corresponding measures.

Due to the requirements of us customers, the new US orders are basically required to be shipped before the end of November.

Many enterprises take advantage of

Before landing, we should rush to order and rush the shipping date to win some profit margins, so as to avoid 25% indefinite tariffs in 2019.

The orders for furniture products of Zhejiang energy travel products Co., Ltd., if all can be shipped before November 15th, will not be subject to customs duties. If the order can not be completed before this date or if there is a subsequent order, an additional 15% duty will be borne by the company itself.

2, buyers are obviously lowering prices. Some companies have not been directly affected by tax increases. However, the US clients are worried about the price and are worried that the products will be subject to taxation if they are to be taxed.

In addition, some other countries' purchasers also come to "join in the bustle" and "take advantage of trouble" to reduce prices to varying degrees.

Since the beginning of 8 and September this year, the group has been asking customers in the United States to make price cuts for all kinds of products, hoping to reduce sales prices to avoid possible impacts brought about by taxation, and to have customers specifically fly to China to negotiate with the company for further cooperation.

3. expect next year's reduction in us orders. Many companies have reported that the catch up phenomenon in the last two months of this year will have a stimulating effect on the growth of export data, but next year, US customer orders are expected to decrease significantly.

Huixin import and Export Group Limited by Share Ltd has a sharp decline in its orders and a decline in profit margins. The specific range is affected by factors such as products, customers, time and so on. Under the circumstances, it is now the order of the US customers, but now they are hesitant, waiting and waiting. Some of them have shifted their market suppliers, and the adverse effects are expected to appear next year.

4., there are other deductions. According to the survey, some American purchasers have made unreasonable demands for hedging tax increase, hoping that they will compensate the exporters for compensation.

Zhejiang Wang Bin decoration materials Co., Ltd. recently received several customers' questions about the quality and breakage of the mirror frame products, which had not happened before. The quality of the company's products has always been stable, and the additional cost that customers take this way to hedge the tax increase has led to the factory's failure to maintain the business of this product.