European Debt Crisis Is Likely To Drag Zhejiang'S Import And Export Trade For A Long Time.

08, 14, the past six months.

The growth of the province's imports and exports is slowing down. This trend is still continuing.

According to customs statistics, Zhejiang's exports and exports both suffered negative growth in July, which is the first time in recent years.

The European debt crisis has affected exports.

Data show that in July, Zhejiang achieved a total import and export value of US $27 billion 250 million, down 5.6% from the same period last year, and the growth rate was 2.6%.

Among them, exports of US $19 billion 820 million, down 5.2% compared to the same period, and imports of US $7 billion 430 million, down 6.7% compared to the same period last year.

From the perspective of the main export markets, Zhejiang exported $29 billion 500 million to the EU in the first 7 months, down 8.7% from the same period last year, of which exports to the euro area were 21 billion 520 million US dollars, down 12.8% from the same period last year, accounting for 72.9% of the total value of EU exports.

It is noteworthy that the first four categories of commodities exported to the euro area (mechanical and electrical products)

Exports of high-tech products and textile yarn fabrics and products decreased by 14.9%, 18.5%, 28.2% and 9.8% respectively. This shows that the shrinking market demand in the euro area is the main reason for the continued weakness of exports.

Other markets are also not optimistic. In July, Zhejiang's export growth to the United States and ASEAN was 5.2% and 5.3% respectively, much lower than the cumulative export growth rate of the two markets in the first 7 months, and even a decline in Russian exports.

Reporters found that the overall weakness of Zhejiang's exports was mainly due to textiles and clothing.

Such as low-end products and high-tech products and other high-end products export downturn.

In terms of imports, Zhejiang has been "one of the most outstanding" importing from ASEAN.

In the first 7 months, Zhejiang Province imported 6 billion 290 million US dollars from ASEAN, an increase of 11.9% over the same period last year. ASEAN has become the second largest source of imports in Zhejiang.

The analysis of customs statistics shows that the rapid growth of imports of refined oil and crude oil (respectively, imports of 970 million US dollars and US $240 million, respectively, increased by 46.4% and 2.3 times) is the main reason for the rapid growth of ASEAN imports.

Foreign trade may be longer.

At present, the continuous weakening of external demand and the increase of comprehensive cost lead to the weakening of the competitive advantage of export commodity prices and the increase of trade frictions, which are the main factors that are perplexing China's foreign trade exports.

Among them, trade protection continues to escalate, making exports and imports more difficult.

On the other hand, China's export commodities are constantly encountering technical barriers and double counter investigations in the export market.

The most obvious one is photovoltaic industry.

If the United States carries out "double reverse" on China's photovoltaic industry, the EU will also conduct anti-dumping investigations against China's photovoltaic industry, because 74% of China's photovoltaic products are exported to the EU, which will bring heavy blow to China's photovoltaic enterprises.

In the first 7 months, the export of solar cells in Zhejiang province was US $1 billion 160 million, a significant decrease of 38.9% over the same period last year.

On the other hand, the continuous measures of resource protection abroad have also increased the difficulty of importing the relevant commodities.

In order to get rid of the influence of high inflation in China and change the current situation of the sale of mineral products and other resource products, some ASEAN countries began to strictly control the export of some resource commodities.

Thailand, Indonesia, Malaysia and other Southeast Asian major rubber producing countries have established price alliances to control the market price of natural rubber, and Russia has increased tariffs on logs to 80% since 2010.

According to the survey of foreign trade export pilot index, it is generally reflected by Zhejiang enterprises that the shortage of foreign demand, the decline of orders, the difficulty in receiving orders, the difficulty in collecting foreign exchange and the rising cost of labor.

In addition, enterprises mainly exporting to the European market are more sensitive to the decline of the euro exchange rate. Some enterprises reflect the instability in the Middle East and increase their operational risks in the region.

Customs Statistics analysts say that Zhejiang's foreign trade is in the throes of pformation and upgrading. The low end sector has been lost because of cost reasons and active pformation, while the advanced field has made progress, but it has not yet established an absolute competitive advantage, and its export performance is also in the doldrums.

From the current internal and external environment, the slowdown in export growth and the increase in export production and operating costs will not be a short-term phenomenon, and the duration of the "labor pains" may be longer.