Hebei’s Foreign Trade Continued to Slide and Steel Products Export Setback

Since the second half of 2008, by the international financial crisis, Shijiazhuang City’s foreign trade has been severely affected, Shijiazhuang City, is still showing an overall decline in foreign trade situation. According to customs statistics, 1-Shijiazhuang, Shijiazhuang City in October total imports and exports 4.34 billion U.S. dollars, than the same period last year (the same below) decreased 28.4%, of which exports 3.47 billion U.S. dollars, down 28.3%, imports of 860 million U.S. dollars, down 28.9%. Mainly as follows: monthly size gradually shrinking, foreign major market demand, with steel and other commodity-based export setback. However, the import and export in the city of Hebei province, Shijiazhuang, Tangshan home after ranking second. While retaining its position as the top exports, accounting for 27% of the province, and the export decline was better than the province fell about 11 percent over the same period, a turnaround.

In July 2008, the Shijiazhuang City, the scale of foreign trade, export volumes are high-ranking, then showed a continuous downward trend. In February of this year, import and export, export volumes have fallen to the lowest point, only 340 million U.S. dollars import and export of the month, exports 280 million U.S. dollars, compared with July 2008 decreased by about 50%. From the city’s foreign trade since March began the spiral of the situation showed a small, first 34 months of the chain growth, but continuous growth in May showed the chain down, import and export, export chain were down 6.2% and 4.7% . Entered in June, foreign trade, export volumes started rising continuously, September import and export of breaking 510 million U.S. dollars, exports of 410 million U.S. dollars, were the highest during the year. Dropped again in October. October Shijiazhuang City import and export 430 million U.S. dollars, down 15% of the chain, which exports 380 million U.S. dollars, the chain fell 7.1%, imports 56.49 million U.S. dollars, the chain fell 45%.

From January to October, total U.S. exports of 650 million U.S. dollars, down 16.9%; exports to the EU ranking the first, total exports of 840 million U.S. dollars, down 29.3%, exports of these two markets account for 43% of the city. Other major foreign trade partners: exports 190 million U.S. dollars to Russia, down 26.6%; on Japanese exports 160 million U.S. dollars, down 23%, exports to India 160 million U.S. dollars, down 12.1%, South Korea exported 130 million U.S. dollars, down 63%.

From January to October imports of 110 million U.S. dollars from Japan, up 32.6%, far better than the same period in other markets. Imported 160 million U.S. dollars from the EU, down 38%; from Australia imports 150 million U.S. dollars, down 19%.

Import and export around the city in Hebei Province, the Tangshan, Shijiazhuang, home after the second place. While retaining its position as the top exports, accounting for 27% of the province, and the export decline was better than the same period in the province fell about 11 percentage points.

The main export commodities, clothing as the first category, the first 10 months of total exports of 820 million U.S. dollars, down 2.3%; electromechanical exports 680 million U.S. dollars, down 39%; Chinese exports 640 million U.S. dollars, down 6.6%; textile exports 290 million U.S. dollars, down 12.6%; steel export 270 million U.S. dollars, down 69%. Agricultural exports 190 million U.S. dollars, down 1%.

The main commodities imported mechanical and electrical products import 210 million U.S. dollars, down 28%; iron ore imported 1.93 million tons, 1.5 million, were down 14% and 60%. Import 750,000 tons of coal, 99.27 million U.S. dollars, last year no import. Growth of high-tech commodities imported 92.82 million U.S. dollars, up 15.7%.

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