A Big Drop In Import And Export Trade In Jiangsu

In the past more than 10 years, the import and export volume of Jiangsu ranks second in China, second only to Guangdong, and the actual utilization of foreign capital is the first in the country.

Nanjing Customs issued Jiangsu's "report card" for foreign trade in the first half of this year.

The data show that Jiangsu, a big eastern province of China, which has the advantage of foreign trade, has not seen the import and export data, and has seen a deeper decline in coastal provinces and cities. Foreign enterprises are facing greater pressure to survive.

According to Nanjing customs statistics, in the first half of this year, Jiangsu Province

The amount of US $262 billion 530 million decreased by 3.9%, which was much deeper than that in Guangdong, Shanghai and Zhejiang.

Jiangsu's private enterprises, which are famous for their vitality, have shrunk by more than 8%, while state-owned enterprises and foreign-invested enterprises have followed closely, and their imports and exports have decreased by 4.4% and 1.4%.

From a regional perspective,

Once again, it overtook the European Union as Jiangsu's largest trading partner.

From January to June this year, Jiangsu's growth rate of imports and exports to the United States and ASEAN was very limited, which was 2.1% and 1.3%, while imports and exports to the EU, Korea and Japan fell, and the ratio of floating to Japan was 9.2%.

In terms of industry,

Exports of tablet computers and mobile phones rose sharply, exports of integrated circuits and solar cells fell, grain and pulp imports went against the trend, and imports of iron ore, coal and other resources and energy products had shrunk.

According to the analysis of customs officials in Nanjing, the poor foreign trade performance of Jiangsu and even the whole country is mainly constrained by the severe macro trade situation.

At present, the uncertainty of the EU economic outlook has increased, and the purchasing power of Japanese residents has declined.

Affected by capital outflows and commodity price slump, the average growth rate of the world's major emerging market economies is only 3.5%, the lowest point since the financial crisis.

At the same time, analysts believe that in Jiangsu, manufacturing is taking place in the "three superposition" effect: the traditional manufacturing industry is challenged, the backbone IT industry is in turmoil, and the emerging industries are incubating.

Due to the shrinking international market demand, frequent trade frictions and relative excess capacity, manufacturing industry is facing challenges.

In such an environment of economic operation, the pressure of Jiangsu foreign enterprises to survive is increasing.

Nanjing customs officials said that labor costs, exchange rate costs, financing costs, environmental costs, friction costs, etc. constitute the survival pressure of foreign trade enterprises.

In addition, the space for foreign trade links to tap potential has long been reduced, and the marginal effect of customs clearance on promoting growth has declined.