China's foreign trade exports still need to work hard out of the bottom hardware industry
On November 25th, Zhou Xuehai, secretary-general of the China International Chamber of Commerce, said that China’s foreign trade exports will fall between 15% and 20% this year, which is significantly better than expected at the beginning of the year. This shows that China's foreign trade export situation has improved from the beginning of the year. However, as domestic economic indicators stabilized and rebounded, and the decline in foreign trade exports narrowed, the export situation of China's hardware industry was in an unstable state, and related enterprises still need further efforts. D Latch And Striker,Farm Fence Gate D Latch,Steel Q235 Or Ss D Latch ,D Latch For Swing Gate Jiaxing Gates Hardware Products Co.,Ltd , https://www.888gates.com
In October and October, foreign trade exports narrowed compared with the decline in September.
On November 23, the General Administration of Customs announced relevant data. The data shows that in the first 10 months of this year, China's foreign trade exports were 957.36 billion US dollars, down 20.5% year-on-year; imports were 798.13 billion US dollars, down 19% year-on-year.
Among them, in October of that month, China’s foreign trade exports reached 110.76 billion U.S. dollars. After deducting the price factor, the number of exports decreased by 5.6%, which was 1.1 percentage points lower than the decline in September. Imports reached 86.78 billion U.S. dollars, after deducting the price factor, the import volume increased by 6.8%. It was 7.1 percentage points lower than that in September.
At the same time, customs statistics also show that from January to October, the total bilateral trade volume between China and the United States was US$239.36 billion, down 14.9% year-on-year. The bilateral trade volume between China and the United States fell less than the same period of the same period, 3.8 and 4.4 percentage points lower against the EU and Japan. , accounting for 13.6% of China's total import and export value during the same period. This shows that although China's exports are declining, other countries have fallen more, and China's export share is actually increasing.
Second, B2B transactions show that international buyers favor Chinese exports
According to BKB, the chief operating officer of B2B media company Global Sources, in October 2009, nearly 300 buyers from around the world were surveyed. The survey shows that although the economic situation is still unclear, buyers are active, with as many as 74% of buyers said they will increase their purchases in 2010, with 79% of buyers predicting that they will increase their purchases in China in 2010. This shows that China's export market is still favored by buyers, and optimism begins to emerge.
At the same time, the survey also showed that buyers from emerging markets are increasing in enquiries. In the eyes of these buyers, Chinese suppliers still have three absolute advantages, such as good quality and low price. This shows that Chinese manufacturers' efforts to develop diversified markets have begun to pay off.
Third, China's hardware products export status "cold and warm" alternate
The "warm" of China's hardware exports is mainly reflected in the export of Zhejiang Jiande hardware tools. It is understood that from January to October, the growth rate of Zhejiang Jiande's foreign trade export value has turned positive, with a year-on-year increase of 1.01%, ending the negative growth for 10 consecutive months. Especially in September and October, hardware tools rebounded strongly with a year-on-year increase of 49.28% and 96.77%.
From the data point of view, Jiande City's chemical and pharmaceutical, home textiles, hardware tools, low-voltage electrical appliances, four large block economic exports have accounted for 90% of the city's total exports. Among them, hardware tools in September and October were rebounded by 49.28% and 96.77% year-on-year.
In addition, the "cold trend" of China's hardware exports is mainly reflected in the export of mechanical and electrical products in Jiangsu Province. According to the news of the Ministry of Commerce website on November 23, from January to October, the number of mechanical and electrical products that Jiangsu Province focused on increased by one, and only 7 decreased, and the decline was higher than the average level of Jiangsu Province. This export-exported product is a ship: exports of 4.7 billion US dollars, an increase of 39.5% over the same period, higher than Jiangsu Province's mechanical and electrical products exports 59 percentage points.
The other seven products with a deeper decline in Jiangsu Province are: automobiles and their accessories, portable power tools, wire and cable, hardware tools, motorcycles, metalworking machine tools, containers, etc. The decline in the export of these products is deeper than the average level of Jiangsu Province, which shows that the overall situation of the export of mechanical and electrical products in Jiangsu Province in the first 10 months is not optimistic.
To sum up, from the perspective of cold and warm conditions in the export of hardware products nationwide, it shows that the overall situation of China's hardware industry exports is still in an unstable stage. Then, the hardware foreign trade enterprises will make timely response measures when they are in the trial, for example, actively participate in international exhibitions, improve product quality, increase product innovation, vigorously create low-carbon products according to the international economic situation, and understand the EU directive standards for export of hardware products. This has opened up the banner of foreign markets and increased the international market share of China's hardware products.