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Wenzhou'S Synthetic Leather Exports Increased 25.67% Over The Same Period In April.

2008/5/29 0:00:00 10279

Synthetic Leather

After the fluctuations in the first three months of this year, the export volume of our city rebounded strongly, and its export volume was 965 million US dollars, an increase of 25.11% over the same period last year, an increase of 47.1% compared with the previous month in April. According to customs statistics, in April, the total amount of foreign trade and import and export in Wenzhou amounted to 1 billion 172 million US dollars, accounting for 6.25% of the total foreign trade import and export volume of Zhejiang Province, an increase of 21.63% over the same period last year. The recovery of exports has benefited from the strong export growth of traditional dominant commodities, and the main export commodities have maintained a two digit growth rate, of which the lighter export trend is particularly evident. In April, footwear exports in Wenzhou increased by US $178 million, up 111.25% over the same period last year. The export of mechanical and electrical products increased by US $458 million, up 42.75% over the same period last year. The export of protective devices at break through circuit increased by 61 million 210 thousand US dollars, an increase of 35.75% over the same period last year. The export of lighters was 10 million 240 thousand US dollars, up 46.45% over the same period last year, and the export of synthetic leather was 25 million 320 thousand US dollars, up by 25.67% over the same period last year. In April, Wenzhou's commodity exports to 167 countries and regions, the European Union, the United States, Russia and ASEAN ranked the top 4 in the export market of our city. Exports to the EU amounted to 255 million US dollars, an increase of 26.51%; exports to the United States were US $94 million 160 thousand, an increase of 19.62%; exports to Russia amounted to US $55 million 560 thousand, an increase of 92.46%; exports to ASEAN were US $77 million 410 thousand, an increase of 62.9%. It can be seen that the market development effect of Wenzhou enterprises is obvious. The rapid growth of the EU, Russia and ASEAN markets has effectively compensated the US market affected by the subprime crisis. In April, Wenzhou's foreign trade imports amounted to US $207 million, an increase of 7.65% over the same period last year. Import of mechanical and electrical products has become a bright spot in imported commodities. Analysts believe that although the impact of snowstorm on the export of our city is gradually being eliminated, but in the context of the accelerating pace of RMB appreciation, the increasing pressure of macroeconomic regulation and the gradual increase of the possibility of the US economy going into recession, the trend of the whole year is still not optimistic.
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