City Foreign Trade Imports And Exports In The First Quarter Started Well

Zhuhai foreign trade import and export volume in the first quarter of this year to 2.34 billion dollars, an increase of 5.5% and exports 1.97 billion yuan, an increase of 14%, imported 370 million dollars, down by 24.7%.

So far this year, foreign trade, I started well, but the fluctuation range of the RMB exchange rate rising expansion, neighboring countries, the manufacturing industry, “along the way” and the construction of Sino-Korean free trade area under the influence of multiple factors such as stacking, foreign trade to 2015 and confusing.

Traditional markets pick up, profit margins are compressed. Data show that exports to the US $ 370 million in the first quarter, an increase of 30%. Exports to the EU market of 600 million dollars, an increase of 8.1%. But the traditional market rally does not bring greater profit margins. To 2015, the sharp weakening of the euro, while the city’s exports to Europe accounted for city’s one-third, Euro direct compression already export profits export also has profound influence on next. According to March to the city’s statistical analysis of 120 major monitoring foreign trade enterprises this year, gross profit ratio rose enterprises accounted for only 14.1%, were up by the end of 2014 and to a different degree drop.

Industries were strong, but in annual foreign trade expected to be positive. Since the first quarter of this year, household appliance and bearing two pillar industries continued to maintain solid growth momentum, export dominance have been consolidated and strengthened. According to City electrical appliances exported 640 million US dollars in the first quarter, an increase of 14.5%; bearings exported 120 million US dollars, an increase of 18%, growth rates were higher than the city average of 0.5 and 4%. Exports of home appliances exports accounted for 32.6%, up from 0.2% a year earlier; bearing exports exports accounted for 6.3%, up from 0.2% a year earlier. Top ten products in front of the city’s export species, home appliances products occupy six seats, of which heating water dispenser 25.3%, lamp 22%, toaster 21.7%. Although industries stand out, but optimistic about the exports were expected to behave erratically. According to statistics, 35% monitoring companies expected exports for the year would be an appropriate increase, 14.2% of enterprises expressed optimism about export prospects, these two figures are the lowest in the first quarter this year; 52.5% unstable companies said external demand affects exports, rose 19.2%.

Post time: May-14-2015
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