Benefiting from the gradual recovery of the international economy and the stabilization and improvement of the domestic economy, with the joint promotion of domestic and foreign production and consumer demand, foreign trade in Wenzhou accelerated in the first half of the year. On the basis of a low base in the same period of last year, a substantial increase was achieved. The growth in total foreign trade volume and development was better than the same period in 2008, indicating a good recovery momentum.
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In the first half of the year, Wenzhou's merchandise exports were exported to 190 countries and regions. The EU, the United States, ASEAN, Russia, the United Arab Emirates and India were among the top 6 export markets in Wenzhou, and accounted for 59% of the total foreign trade exports of Wenzhou in the first half of the year.
“The recovery of Russian and Ukrainian exports has also made people see the dawn. Last year, Wenzhou shoes suffered a double blow of grey customs clearance and currency devaluation.†Huang Yi, deputy general manager of Dongyi Shoes Co., Ltd., told reporters that Cherky After the close of the Zuofu market, many Wenzhou shoe manufacturers have already moved to the Russian market to stay in the Ibero-Repugna market. According to the experience of previous years, the second half of the year will usher in the delivery season. However, compared with the relatively stable market in Europe and the United States, Russia’s trade policy is more volatile and it is a potential risk for the export of Wenzhou enterprises.
In terms of exports, labor-intensive commodities still dominated. The top five export value items are footwear, clothing, continuity protection circuit devices, eyeglasses, valves, and synthetic leather; while imports are made of plastic particles, chemical raw materials, logs, and raw materials. Leather and iron, nickel and other metal raw materials.
Wenzhou Customs reminded companies to pay attention to the expected impact of the European debt crisis. According to the export data of the first half of the year, the year-on-year growth rate of exports to the EU was 24.0%, which was 5.3 percentage points lower than that of Wenzhou as a whole. This represented the impact of the European debt crisis and the sharp depreciation of the euro on Wenzhou’s exports. The European debt crisis and the devaluation of the euro all occurred in the second quarter. According to the processing period of 3-5 months of the order processing period, the impact of the European debt crisis in the second half of the year on Wenzhou's foreign trade exports will further manifest itself. In addition, national policies are not expected to be optimistic, and international market price fluctuations affect the growth of imports should enter the vision of corporate risk management and control.