Sichuan Shoes Exports Decreased By 10% For The First Time Negative Growth

According to the latest statistics from Chengdu customs, the global financial tsunami is having a negative impact on Sichuan's foreign trade.

Although the total export volume of Sichuan's foreign trade increased by 77.7% over the same period of October this year, which is far higher than the 19.2% overall export growth rate in the same period of the same period, the export volume of traditional bulk exports is being hit by data, and the export of clothing and footwear alone has decreased by nearly 10%.

Chengdu's customs and Excise Department said yesterday that the total export value of our province was US $1 billion 430 million, which exceeded the US $1 billion 400 million mark in one fell swoop. After April and July this year, we hit a record high export season, which is far higher than the 19.2% growth rate in the same period in October.

Compared with the coastal foreign trade suffered a sharp slowdown in the financial crisis, customs statistics show that large enterprises, large groups and mechanical and electrical products have become the main force to push forward the export of Sichuan in October.

According to statistics, in October, the total export volume of the province exceeded 10 million US dollars, including 12 Intel, Dongfang Electric Power, Honghua and Panzhihua Iron and Steel Co., 10 large production enterprises.

In October, all 12 enterprises achieved total export volume of US $670 million, an increase of 2.3 times compared with the same period last year, a net increase of US $470 million, accounting for 46.8% of Sichuan's total foreign trade export.

Compared with the rapid growth of export of large enterprises, the export of traditional bulk commodities is obviously affected by the global financial crisis, with clothing and footwear falling by 10%.

It is understood that in October, Sichuan exported garments and accessories $170 million, down 10.9% compared to the same period last year.

From a slight increase of 1.9% in September to a negative growth rate, the total export growth in the first 9 months increased by 31.1%.

At the same time, last month, our province exported footwear 18 million 530 thousand US dollars, down 10.5%, which is also the 18 consecutive month of positive growth. Sichuan's footwear exports are showing negative growth.

The provincial commerce department said that although the current economic operation of our province is less affected by the global financial crisis, with the gradual emergence of lagging effect and conduction effect, foreign trade exports may be affected to a certain extent.

In order to reduce the impact of the financial crisis on the export trade of our province, the Department of Commerce has formulated a series of measures to strengthen the development of markets such as ASEAN, Russia, Eastern Europe and the Middle East, expand the breadth and depth of attracting investment, and actively undertake industrial pfer and form an industrial chain.