Zhejiang Exports To Russia In November, A Slight Drop In Wenzhou'S Economy.

The export situation of Geely is only a microcosm of Zhejiang, a traditional economic province. According to the data provided by the Hangzhou customs to the reporters, Zhejiang exported to Russia in October this year, 4 billion 110 million yuan, an increase of 3% over the same period, a decrease of 20.8% compared to the same period, but by November, it exported 3 billion 830 million yuan, down 9.1% from the same period last year, down 6.8%.

Zhang Handong, President of Zhejiang Business Research Institute, told reporters that Russia's economic instability and ruble depreciation brought certain risks to Zhejiang's import and export trade. These risks include breach of trade contract, refuse to pick up goods in time, payment on time and temporary demand reduction.

Shoe industry in Wenzhou or "suffer disaster"

Wenzhou shoes with many styles are Zhejiang's main products for Russian trade.

The relevant person in charge of Wenzhou shoe leather industry association told reporters that Russia is the third largest traditional export market after Wenzhou's footwear industry is second only to the European Union and the United States. In 2013, the export value of footwear industry exceeded 800 million yuan. The export value is expected to decrease significantly this year. The sharp depreciation of the rouble will affect the actual consumption of Russia, which will further affect the export of Wenzhou's footwear industry.

"The export enterprises that took orders from Russia in recent years are basically losing money, especially the shoe factories in Wenzhou. They may die. A number of quality enterprises will have to pay the United States dollars for orders, and they will pay in advance, or they will not take orders." recently, many Wenzhou financial institutions have stopped the letter of credit of Russia's foreign trade, an unnamed business person said.

Zhou Dewen, deputy director of the Central Committee for economic development and chairman of the Wenzhou SME Development Promotion Association, told reporters that according to his understanding in Russian and Zhejiang businessmen, with the decline of rubles, consumption decreased. Market order The volume decreased by 30% to 40%.

except footwear industry Besides, Zhejiang's main exports to Russia also include mechanical and electrical products, clothing, textiles, small commodities and consumer goods. As Zhejiang's other export to Russia, Yiwu is also affected by many other factors.

Jin Jianfeng, President of Yiwu auger import and Export Co., Ltd., said that the company started trading with Russia more than ten years ago, and exports accounted for 20%~30% of the total company. As at December, at least a few million yuan did not come back. Some buyers asked for a delay in shipment, some directly cancelled orders, and some had already been sent to Russia without being picked up at the port. This month, his company just had two cabinet products (including shoes, toys, etc.), and shipped from Ningbo to Russia.

China News Network quoted Yiwu customs as saying that there are many problems in Yiwu's export to Russia. The first thing to do is to accelerate the depreciation of Russian rouble and increase trade risks between China and Russia.

　　 Future trade dispute Or will increase

Russia has turned its attention to China since the sanctions measures adopted by Europe and the United States. Zhejiang's fruits and vegetables and aquatic products are expanding exports.

However, Shen Yuejun, general manager of Xiaoshan Yue Teng aquaculture Co., Ltd., Hangzhou, told the media that the sales of the white shrimp were reduced by half, compared with last year, by nearly 20 million yuan because of the significant depreciation of the rouble and the decline in the consumption power of local residents and the fact that many imported goods could not afford it.

Zhou Dewen believes that besides the reduction of orders, the ruble's depreciation will cause new trade conflicts and disputes. When the economy is in bad condition, some buyers in Russia appear to be in arrears or ask for price cuts. The profit return in Russia and Zhejiang is obviously down, with the highest decrease of 50%.

Reporters noted that at present, with the Russian trade brought about by the ruble depreciation of trade disputes, some foreign trade enterprises find export credit insurance companies trying to claim insurance compensation, in order to reduce trade losses.