In the overall downturn in Shunde's exports, from January to April this year, furniture exports achieved double-digit growth, which was 8.5 percentage points higher than the overall export growth rate over the same period. Among them, a 44% increase in exports to ASEAN.
According to statistics from Foshan Customs Office in Shunde, Shunde furniture exports from January to April were US $ 280 million, an increase of 13.8% year-on-year, making it the fourth largest export commodity in Shunde. The main export products are seats, with exports of US $ 140 million, accounting for 50.4%; metal furniture exports of US $ 50.26 million, and wooden furniture exports of US $ 48.91 million.
It is understood that more than half of Shunde's furniture is exported to the European Union and the United States, with exports of US $ 75.24 million and US $ 71.08 million from January to April, up 4% and 9.7% respectively. In addition, exports to ASEAN reached 19.31 million US dollars, a substantial increase of 44%. According to industry insiders, since the full launch of the China-ASEAN Free Trade Area, ASEAN has become an important market for Guangdong's furniture exports and is a new growth point for furniture exports. "There are no technical and trade barriers in the ASEAN market, and the requirements for furniture standards are not high. Compared with Europe and the United States, its export threshold is lower. Moreover, due to geographical proximity, transportation costs are lower."
According to the import and export data released by the General Administration of Customs on the 10th, the total value of China's imports and exports in May was 343.58 billion US dollars, an increase of 14.1%. The scale of imports and exports in the month set a new record of 334.11 billion US dollars set in November last year. The scale of imports and exports both hit a new monthly high. In the month, exports were US $ 181.14 billion, an increase of 15.3%; imports were US $ 162.44 billion, an increase of 12.7%.
From January to May this year, China's total import and export value was 1510.89 billion US dollars, an increase of 7.7% over the same period last year (the same below). Among them, exports were US $ 774.4 billion, up 8.7%; imports were US $ 736.49 billion, up 6.7%; cumulative trade surplus was US $ 37.91 billion.
The growth rate of imports and exports in May was significantly better than expected, which is a relatively consistent judgment in the industry. Many industry insiders interviewed by a reporter from the Economic Reference said that the foreign trade situation is expected to continue to improve in the coming months. At the same time, experts also pointed out that the uncertainty of the international economic situation makes China's import and export still face pressure.
Wang Jinbin, deputy dean of the School of Economics at Renmin University of China, told reporters that in the bilateral trade between China and major trading partners, in addition to the unfavorable trade between China and Europe, which increased by 1.3% in the first five months, the growth rate of Sino-US trade in the first five months has reached 12%. In addition, Sino-Russian trade, Sino-Pakistani trade, and China-ASEAN trade have also grown rapidly.
Liu Ligang, chief economist of Greater China in the ANZ Global Markets Department, said that unlike the May ’s real economic data released on the 9th, China ’s trade data is much higher than market expectations. May ’s foreign trade data shows that the Chinese economy has begun to stabilize to a certain extent. It also indicates that the Chinese economy will rebound soon.
"From the domestic situation, the inflation rate in May dropped significantly, leaving more room for the government to intervene actively. Recent policies such as interest rate cuts and investment increases, as well as the decline in resource product prices, will promote the next stage The growth of import and export trade. "Tu Xinquan said. According to his prediction, the trade deceleration has basically bottomed out, and since the trade has decelerated in the second half of last year and the base is low, the year-on-year growth rate in the second half of the year will continue to rebound, and a 10% annual trade growth rate is expected to be achieved.
Looking ahead to the import and export situation in the next few months, experts said that the next few months are expected to continue to improve but still face pressure. Lu Zhiming, a researcher at the Bank of Communications Finance Research Center, said that the international economic recovery is still very grim in the short to medium term. The economic recovery in the United States continues to slow, the euro zone economy is still hovering at the bottom, and the poor economic conditions in Europe and the United States have caused further deterioration in international trade conditions. The operating pressure of domestic export enterprises in the short term is still difficult to ease significantly, the exchange rate and labor costs are still on the rise, and corporate financing is still difficult. Exports in June are expected to stabilize at May levels year-on-year. Imports may increase slightly from May, mainly considering that the domestic economy will stabilize at the bottom in the second quarter and international commodity prices may continue to fall.
Han Xiushen, an associate researcher at the Research Institute of the Ministry of Commerce, pointed out that the current import and export are mainly facing four aspects of pressure. First, companies are generally facing the problem of insufficient orders. The short-term orders in the medium-term account for an important proportion, reaching 86.3%, while the long-term orders over 6 months account The ratio is very low, only 13.7%. Emerging markets are not enough to make up for the reduced orders in European and American markets. The second is the pressure of rising raw material prices, rising labor costs, RMB appreciation, difficulty in financing and fierce competition in the international market. Enterprises are struggling to develop, export prices are difficult to raise, and margins are low. Third, demand in the international market is shrinking and competition between enterprises is becoming more intense In order to compete for prices and compete for orders and customers, the market operation order is relatively chaotic; Fourth, the heavy trade barriers have a very adverse effect on enterprises.
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