Statistics from the Customs show that Yongkang’s self-supported exports in August reached 28,231 million US dollars, an increase of 54.12% over the same period of last year, 18.318 million US dollars. From January to August, Yongkang exported a total of 1,963.39 million US dollars, an increase of 59.72% over the same period of the previous year, which was 1.298 billion US dollars. Exports still ranked first in Jinhua counties and cities, and accounted for a quarter of the total exports of Jinhua City (Yiwu Second, The amount was US$1.8648 billion, an increase of 37.99% year-on-year; Wuyi was the third, with US$1002.52 million, an increase of 60.98% year-on-year.
Export growth is faster than the national level in the province
According to customs statistics, from January to August, Yongkang achieved a total import and export volume of 2.067 billion U.S. dollars, an increase of 56.46% year-on-year, and an increase of 2 percentage points from the first six months of growth. Of which, exports were 1.964 billion U.S. dollars, an increase of 59.72% year-on-year. The export volume ranks first in all counties and cities in Jinhua, with an increase of 12.03 percentage points over Jinhua, 20.32 percentage points in Zhejiang, and 24.22 percentage points across the country. In May, June and July, the monthly export volume hit record highs repeatedly. The cumulative export volume and import and export volume have exceeded the levels before the financial crisis.
Previously, Lou Lizhen, deputy director of the Yongkang Foreign Trade Bureau, once stated that Yongkang's self-export value has stabilized and stays at a level of 200 million U.S. dollars per month. From the export data in the past two months, the momentum of rapid growth in foreign trade exports shows that Still hopeful to keep.
Increased share of exports to emerging countries
Another basis for the continued rapid growth of Yongkang's exports is the growing share of exports to emerging countries.
Although from the perspective of export data, the EU, the United States, and Japan are still three major trading partners of Yongkang, at the same time, Yongkang’s exports to emerging economies such as ASEAN, Iran, Russia, and Brazil have also increased significantly, with an increase of 80%. Above, the proportion of exports has increased.
Zhao Guiwa, director of the Municipal Foreign Trade Bureau, said that since 2004, Yongkang has actively guided enterprises to explore emerging markets and organized delegations to participate in the Cologne Hardware Show, the Middle East Hardware Show, the South Africa Building Materials Exhibition, and the Brazilian Gift Show, giving the exhibitors a focus and supporting participation. Scale, help companies get a large number of emerging market orders.
From the export data, after the financial crisis, due to the better implementation of Yongkang's trade diversification strategy, the proportion of exports to emerging markets has increased, the proportion of exports to Europe and the Americas has decreased, and the proportion of exports to Asia, Latin America and Africa has It rose. The strategy of trade diversification steadily advanced by Yongkang in recent years has made up for the impact brought by shrinking consumer demand in developed countries. Since the beginning of this year, production has been very busy.
Consumer hardware is the most profitable
When people meet, they often ask: What is the best product business for Yongkang Enterprises this year?
From the perspective of self-exports, the export of consumer hardware products is the best. For example, stainless steel products, kitchen pot products and so on.
The data show that from January to August, Yongkang stainless steel products exported 159 million U.S. dollars, an increase of 47.03 percent year-on-year; exports of aluminum pots for emerging products homes were 164 million U.S. dollars, an increase of 84.75% year-on-year; toys and sporting goods exports were 140 million U.S. dollars, up 61.77% year-on-year; Outdoor furniture exports reached US$94 million, an increase of 32.63% year-on-year.
Of course, driven by the global economic stimulus policies, the investment in infrastructure in countries around the world has increased, and exports of electric tools and electromechanical equipment are also improving. Since the beginning of this year, the export of electric tools of Yongkang's traditional export products has been growing rapidly, with an increase of 74.6% from January to August.