Affected by the European debt crisis, Yiwu's exports to the EU, the largest export market, have declined, which has dropped by 2.4% year-on-year in the first two months of this year. However, during the same period, the US market maintained sustained growth, with a total export of US$ 78.66 million, an increase of 17.2% year-on-year. From the perspective of export product structure, clothing and accessories, mechanical and electrical products, textile yarns, fabrics and products still occupy the top three of Yiwu's self-exports. In addition, the growth momentum of electromechanical products was rapid, with a total export volume of 58.16 million U.S. dollars, an increase of 34.4% year-on-year.
Yiwu customs relevant personnel analysis believes that this year, Yiwu self-export situation is not optimistic. Various types of factors unfavorable to foreign trade continue to exist. For example, the situation in the Middle East is still turbulent. Major consumer countries have not shown signs of a strong recovery and international market conditions are tepid. It is worth mentioning that the protectionist protectionism of European countries and the United States has apparently risen recently, anti-dumping investigations have been frequently launched against Chinese products, and punitive tariffs have been imposed, and trade barriers have been continuously upgraded. China has become the biggest victim of misuse of trade protection measures in Europe and the United States.
In this regard, the industry suggested that: to continue to maintain the price advantage of Yiwu small commodities, product innovation and value innovation can quickly enhance the profitability of small commodities. In addition, to make full use of the relevant tax policies of the country, it may be better to go out and invest internationally.
Data from Yiwu Customs show that in January-February this year, Yiwu's total foreign trade import and export value was 520 million U.S. dollars, an increase of 8.7% year-on-year, 5 percentage points higher than the average growth of Zhejiang's foreign trade import and export. Of which, exports were 470 million U.S. dollars, an increase of 7.3% year-on-year, and imports were 53 million U.S. dollars, an increase of 22.1% year-on-year. In February, Yiwu's self-supported import and export volume reached 130 million U.S. dollars, a year-on-year decrease of 7.9 percent; imports were 28 million U.S. dollars, an increase of 53.3 percent year-on-year. Among them, exports of clothing and accessories still occupy a leading position, with a total export value of US$210 million, accounting for 45% of Yiwu’s self-supported exports.
May 08, 2019