Tongxiang'S Export Footwear Industry Begins To Grow

In Zhejiang Ming Long Holdings Limited production workshop, workers are stepping up production of foreign trade orders.

In the first half of 2010, with the gradual recovery of the global economy, our city's foreign trade also continued to recover from the end of last year.

In the first half of this year, the total import and export volume of the city reached 1 billion 382 million 170 thousand US dollars, an increase of 58% over the previous year, of which exports were US $837 million 320 thousand, an increase of 39% over the previous year, and imports of US $544 million 350 thousand, an increase of 102% over the same period last year.

Moreover, the import and export, export and import of the three indexes in the whole city have maintained an increase of more than 30% for 5 consecutive months. The absolute value of imports and exports in a single month has reached a record high for 3 consecutive months. Compared with the first half of 2008 before the financial crisis, imports and exports, exports and imports increased by 8%, 2% and 17% respectively, indicating that our foreign trade has basically recovered to the level before the financial crisis.

In foreign trade, the city's large enterprises still occupy the leading position of the city's export, and the concentration of export enterprises is further improved.

In the first half of this year, the top 20 enterprises in the city exported 434 million 660 thousand US dollars, an increase of 49% over the same period last year, and the proportion of exports increased from 50% in the same period last year to 52%.

15 enterprises have maintained positive growth, and the export of 8 enterprises, including "Hua you co", "Boli technology", "Zhongchi chemical fiber" and "Zhongxin chemical fiber", have doubled.

The 9 main export commodities of the whole city increased year-on-year, and the export growth rate of pharmaceutical intermediate, plastic and rubber products, mechanical and electrical products and textiles were above 40%.

However, the export growth of traditional commodities such as clothing, footwear and fur is obviously lagging behind other commodities.

The recovery of traditional commodity exports is slow. On the one hand, the European Union accounts for nearly half of the garment exports in our city. However, since the beginning of this year, the exchange rate of the euro has dropped sharply, thus lowering the garment export volume measured in US dollars. At the same time, the fluctuation of the exchange rate has led some enterprises to make more cautious orders.

On the other hand, this year's "labor shortage" has led to inadequate start up of some enterprises, and to a certain extent, it has affected exports.

"Although the growth rate of import and export in the first half of this year is relatively large, this is achieved on the basis of the global economic downturn, the decline in import and export commodity prices and the low base of foreign trade in the same period last year."

Zhang Haiming, director of the foreign trade section of the Municipal Bureau of foreign trade and economic cooperation, analyzed the overall situation. At present, the foreign trade of our city is still in the stage of recovery.

The impact of the European debt crisis and the depreciation of the euro has lagged behind, and the negative impact has not yet appeared.

At the same time, the impact of various factors such as RMB appreciation, rising raw material prices and rising labor costs, and the rise of Global trade protectionism and other uncertain factors predict that the growth rate of foreign trade exports in the second half of this year will gradually slow down, and the trend of overall foreign trade in the whole year will be "high before and after low".