Fujian September negative growth in exports

The latest published foreign trade data shows that under the stimulation of Christmas orders, China exported 186.35 billion US dollars in September, an increase of 9.9%, and the monthly export scale reached a record high. However, the reporter learned yesterday that as a major foreign trade province, Fujian’s exports in September fell 3.8% year-on-year, and no rapid growth was seen in the country. This situation is not unique to Fujian. Due to the sluggish foreign trade situation, many coastal provinces with large export bases have encountered the situation that “National data is better than local”.

Fujian's export growth declines month by month

As one of the troika that has driven the economy, foreign trade has attracted much attention. In the first three quarters of this year, the total value of imports and exports in China increased by 6.2% over the same period of last year, which was lower than the 9.1% in our province. In the first three quarters, the total value of imports and exports in the province reached 111.28 billion U.S. dollars.

In the first nine months, the country's exports increased by 7.4% year-on-year, of which 9.9% in September. The monthly export volume hit a record high. As a major province of foreign trade, the growth rate of our province's exports has declined month by month. In the first nine months of this year, our province exported 69.17 billion US dollars, an increase of only 4.9% year-on-year. Our province exported 60.48 billion US dollars in the first eight months, an increase of 6.3%, and the rate of increase in the first seven months still reached 7.6%.

As a result, our province exported 8.69 billion U.S. dollars in September this year, which is 3.8% lower than the 9.04 billion U.S. dollars in September last year. According to analysts from the Chamber of Commerce of the Ceramic Resin Crafts Export Base in Fujian Province, the reason why export growth is not as good as import and export growth is that the province’s imports have increased at a faster rate.

Inland railway resources imported from Fujian

The reporter was informed that enterprises and enterprises in the inland provinces are importing raw materials and large-scale resource commodities, and that the province’s imports of resources through the ports of the province are particularly noticeable. A person from the Fujian Inspection and Quarantine Bureau stated that many mainland companies have used the "Fu" import mineral product co-regulatory agreement to bring benefits and import it from Fujian ports. In the first nine months of this year, the Fujian Inspection and Quarantine Bureau tested a total of 28,831,100 tons of imported minerals and US$9,049 million, an increase of 15.14% and 15.65% year-on-year. Among them, 4,451,100 tons, 567 million US dollars of coal, and iron ore were transferred to Jiangxi, Hubei and other inland provinces after they entered the country, an increase of 90.4% and 1.22 times.

The growth rate of grabs in the central and western regions far exceeds the national level

The import and export value of the seven major foreign trade provinces and cities such as Guangdong, Jiangsu, Shanghai, Beijing, Zhejiang, Shandong, and Fujian accounted for 80.1% of China's total import and export value. Among the 7 major provinces and cities, from the perspective of exports, only the export growth of Guangdong, Jiangsu, and Zhejiang in the first 9 months increased compared with the previous 8 months. Shandong maintained a decline of 0.2%, and Shanghai changed from positive growth. With negative growth, Beijing and Fujian, like the increase, fell. In spite of this, Fujian’s import and export growth rate for the first nine months was 9.1%, ranking first, but export growth was only 4.9%, ranking second in the seven major provinces and cities, while the increase in the first eight months remained unchanged. The first one.

On the contrary, exports from the central and western regions have maintained rapid growth, of which Chongqing’s export growth rate in the first nine months was 1.5 times, and that of Henan, Sichuan, and Jiangxi were 62.8%, 42.8%, and 39.1%, respectively. A number of foreign trade clothing companies in the province believe that the export base is relatively small, and some foreign trade companies have shifted their factories to the Midwest. This is the main reason why the increase of exports in the central and western regions is much higher than the national average. It is reported that with the increase in labor and raw material costs, some labor-intensive industries are moving factories to the Midwest.