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The first quarter of Yiwu's exports sing good voice

Source: wow yiwu    Author: Nancy      Date: 2013-04-22

As a barometer of the domestic export markets, Yiwu market has attracted a lot of attention. Reporter learned yesterday, Customs statistics show that in the first quarter of this year, Yiwu's exports amount to $ 3.68 billion, an increase of 3.8 times over the same period last year (the same below). But as the related people said that the impact of the unceasingly rising RMB exchange rate can not be ignored. "Africa, Europe, Latin" is the main export market It’s known that the keynote of the first quarter of Yiwu exports still the maintain the Tourist Commodities export as the main pattern, amounted to $ 2.79 billion.
As for the export destination, African growth is very obvious, followed by which is the European Union and Latin America. In the first quarter, Yiwu exports to African amount 820 million U.S. dollars, an increase of 7.9 times; exports to the EU 460 million U.S. dollars, an increase of 2.1 times; exports to Latin American $ 470 million, an increase of 4.3 times; exports American to the U.S. $ 210 million, an increase of 63%. The pressure of exchange rate further squeeze profit margins. As the related people said that Yiwu Foreign Trade seems great, but the problem can not be overlooked. Such as: the burden of company will be heavier on the Pressure of the exchange rate. A lot of factors liking the surging of the International speculative capital and the ups and downs of the international commodity market price lead to further increasing pressure on the appreciation of the RMB and continue to cause imported inflation.
The role of imports of boosting exports and stimulating economic growth should be focused on. To expand imports not only can provide more adequate consumer goods for the consumer market, but also conducive to promoting the upgrading of technology related industries.

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