Abstract Recently, the Foreign Trade and Economic Cooperation Bureau of Nan'an announced the foreign trade situation in the first half of 2015. From the data point of view, Nanan's total import and export value in the first half of the year was 933.46 million US dollars, down 6.7% year-on-year. Of which, exports were 62.278 million US dollars, up 7.4% year-on-year; imports 3106...
A few days ago, the Foreign Trade and Economic Cooperation Bureau of Nan'an announced the foreign trade situation in the first half of 2015. From the data point of view, Nanan's total import and export value in the first half of the year was 933.46 million US dollars, down 6.7% year-on-year. Of this total, exports were 62.278 million US dollars, up 7.4% year-on-year; imports were 31.068 million US dollars, down 29.0% year-on-year. The stone industry has seen a slight rebound. Ye Yisi, head of the Foreign Trade Section of the Municipal Foreign Trade and Economic Cooperation Bureau, believes that due to the continued sluggish external demand and the downward pressure on the domestic economy, the total value of imports and exports of Nan'an will decline. It is expected that the decline in foreign trade will continue to expand in the second half of the year. â—Hardware machinery is firmly in the export champion
In addition to the sharp increase in exports in February, Nanan's exports in the first half of the first half of the year increased by about 10% year-on-year, and the month-on-month decline slightly.
From the perspective of the top ten export commodities, the export value of hardware machinery was US$129.09 million, down by 0.07% year-on-year, continuing Nanan’s status as the largest export commodity. Daily products, plastic rubber, furniture wood products, knitwear, and stone show growth. Among them, daily products and furniture wood products are the most eye-catching. After using hardware machinery, the daily-use products became the second largest export commodity in Nanan with a record of 84.9 million US dollars, up 40.47% year-on-year; furniture wood products exported US$29.19 million in the first half of the year, up 40.88% year-on-year; plastic rubber exports reached US$12.8 million. The year-on-year growth was 13.78%; the export of knitted garments in the first half of the year was 34.37 million US dollars, an increase of 5.20%. The stone industry, which continued to decline in exports last year, successfully countered this year, and its export growth rebounded, up 0.42% year-on-year.
From the perspective of export regions, North America and Oceania grew rapidly, up 39.03% and 42.13% respectively. The two regions are mainly targeted at the three markets of the United States, Canada and Australia.
â—In the first half of the year, imports fell by 29%.
Different from the overall growth trend of exports, the decline in imports in the first half of the year was more serious, with a drop of 29%. This data indicates that domestic demand is still weak.
Although the stone block is the largest import category in Nan'an, the decline is still not small, down 30.39% in the first half of the year. In addition, plastic raw materials and textile raw materials declined by 24.83% and 31.25% respectively; the three categories of metal and accessories, sanitary ware, logs and pulp contributed to the import volume. The data showed that the three increased by 66.37%, 64.49% and 4.87% in the first six months. Import data is in a state of polarization.
In Ye Yisi's view, the overall decline in the import of Nan'an City is not only due to poor sales in the domestic market, but also to the tight capital chain of the company. "Some companies have no money to buy raw materials." He said that the tight capital chain has become a common problem in the development of enterprises in the city, especially in the sanitary industry, which is the most serious.
The stone blocks have a large decline, and Xiao Bian believes that this is made by history and reality. The import of stone blocks in the past few years is very large. The decline this year is mainly due to the fact that enterprises are digesting inventories and are also inextricably linked to the market. In the sluggish market, companies have reduced their imports, focused on digesting their inventory and increasing their liquidity.
In addition, from the perspective of the import market, Asia is still the largest import market in Nanan. The import volume in the first half of the year was 187.32 million US dollars, but the decline was significant, with a decrease of 31.01% in the first half. The number of imports from North America and Oceania is not much higher than that of traditional import markets such as Asia, but the growth is good. In the first half of the year, Nanan imported US$19.24 million from the United States, a year-on-year increase of 43.55%.
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