Faced with the foreign trade environment of internal and external difficulties, Zhongshan’s foreign trade has shown signs of shifting to the EU market. The reporter learned from Zhongshan Customs yesterday that in the first half of this year, Zhongshan’s trade with the Hong Kong and the United States and other trading partners slowed down or even declined. The trade with the EU has maintained rapid growth, reaching 17.6%. Many foreign trade companies are stepping up their efforts to expand the EU market.
According to the data of Zhongshan Customs, the foreign trade of the city maintained steady growth in the first half of the year. The total value of imports and exports was US$12.54 billion, an increase of 5.2% over the same period of last year, of which exports were US$8.96 billion, up 7.3%; imports were US$3.58 billion, up 0.2%. The surplus was $5.38 billion. Among them, Hong Kong is still the largest foreign trade partner of Zhongshan City, with the United States ranking second and the EU ranking third. In the first half of the year, the foreign trade volume between Zhongshan and Hong Kong was 2.73 billion US dollars, up 2.1%; the foreign trade volume with the United States was 2.18 billion US dollars, down 0.2%; the foreign trade volume with the EU was 1.91 billion US dollars, up 17.6%; the fourth is Japan, with its foreign trade volume of 980 million US dollars, fell 8%; the fifth is Taiwan, with its foreign trade totaled 810 million US dollars, down 0.4%, Zhongshan and the above five countries and regions' foreign trade accounted for the city's foreign trade. 68.7% of the total.
The reporter learned that in the first half of this year, the export of mechanical and electrical products still dominated, and some traditional commodities exports grew well. Among them, the export of clothing and clothing accessories was 970 million US dollars, up 8.2%; the export of footwear was 480 million US dollars, up 24.6%; the export of lamps, lighting fixtures and similar products was 390 million US dollars, up 3%. Customs officials analyzed that due to factors such as the appreciation of the renminbi, the US subprime mortgage crisis, the cancellation of the EU textile quota system, and the strong demand for stable economic operations in the EU, many companies have chosen to actively explore the EU market and stimulate rapid growth of EU trade. For example, clothing exports to Europe even surpassed the United States, which was the second largest trading partner. However, Zhongshan’s current exports to the EU are still dominated by traditional commodities. At present, the EU has set different thresholds for imported products, and will become more and more strict. Enterprises should familiarize themselves with and adapt to EU technical and environmental protection requirements as soon as possible, enhance the added value and competitiveness of their products, and do not arbitrarily satisfy the customers. Demanding requirements, blindly reduce the unit price; at the same time, customs officials suggest that companies should actively explore other emerging markets and avoid relying solely on the risks brought by the EU market.
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