Clothing companies do not “force” Xiaoshan District’s slower exports in October

The monthly total import volume sharply increased, resulting in an increase in the total volume of foreign trade by 30% over the same period. The author learned from the Hangzhou Customs Office in Xiaoshan that the import of Xiaoshan's foreign trade grew rapidly in October. According to statistics, in October, Xiaoshan’s total import and export volume reached 1.145 billion U.S. dollars, an increase of 32.6% year-on-year. Among them, the total monthly imports amounted to 466 million U.S. dollars, an increase of 76.3% year-on-year, which was the highest monthly increase since the beginning of this year, which was 35.9 percentage points higher than the provincial average.

In Taiwan alone, imports fell, while private companies remained the main force for imports. Imports reached US$286 million, a year-on-year increase of 128.4%, far faster than other types of companies. In the import market, major markets such as ASEAN, South Korea and Japan have doubled, reaching 190.2%, 150.9% and 118.6%, respectively. However, imports to the Taiwan region were US$72 million, a decrease of 3.02% year-on-year, which was the only major import market to reduce. Imports of ethylene, terephthalic acid, caprolactam and other bulk raw materials have all shown a significant increase. Among them, the import volume of ethylene glycol was 139 million US dollars, an increase of 72% year-on-year; the import of terephthalic acid was 0.76 billion US dollars, an increase of 70.3% year-on-year.

Judging from the overall situation, this year's foreign trade shows a rapid growth. From January to October this year, the total import and export volume of the region was US$11.729 billion, which was a year-on-year increase of 27.1%, which was higher than the average increase of 3.5% in the province. Among them, total exports amounted to 7.391 billion U.S. dollars, a year-on-year increase of 22.0%, which was higher than the average increase of 0.9 percentage points in the province; imports totaled 4.338 billion U.S. dollars, an increase of 36.8% year-on-year, and 6.9 percentage points higher than the provincial average.

The garments did not "weaken" exports weak but it should also be noted that the region's export situation in October was not optimistic. The monthly export volume totaled 680 million U.S. dollars, a year-on-year increase of 13.4%, which was the second lowest monthly export value in this month. In February, the increase was 1.3 percentage points lower than the average increase in the province.

In terms of exports, general trade exports in October amounted to US$580 million, a year-on-year increase of 14.6%, and the feed processing trade reached US$95 million, a year-on-year increase of 12.2%. The export momentum of private enterprises was relatively good. The export value was 383 million U.S. dollars, an increase of 29%; while the foreign-invested enterprises' export value was 238 million U.S. dollars, a year-on-year decrease of 3.17%.

From the perspective of the export market, due to the European and American debt crisis, the developed markets in Europe and the United States are less booming, while the developing markets in Asia, Africa and Latin America are in a better situation. Among them, exports to the Asian market increased by 27.6%, exports to the African market increased by 46.3%, exports to the Latin American market increased by 50.9%, while exports to the United States decreased by 8.54% year-on-year, and the EU market decreased by 0.5% year-on-year. %.

From the perspective of export commodities, the region’s two main categories of export commodities—textiles and electromechanical products—still maintained steady growth, with increases of 14.8% and 13.8%, respectively. However, the export of apparel products was only US$73 million, down 12.5% ​​year-on-year, becoming the most important factor causing the slowdown in export growth. In addition, exports of furniture and parts decreased by 17.3%, and exports of high-tech products decreased by 21.9%, which caused concern. Among the major export products, automotive parts and steel products have grown rapidly, reaching 43.5% and 208.5% respectively.