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Foreign Trade of Shaoxing in the First Half of 2021

2021-08-31

On July 21st, Shaoxing customs reported the import and export situation of Shaoxing in the first half of 2021: the total import and export value was 131.78 billion, 25.4% more than 2020. Among them, exports increased by 24.2% and imports increased by 37.9%. The overall situation was stable and positive, which has laid a good foundation for the steady and qualitative increase of foreign trade throughout the year.

The data showed that in the first half of the year, Shaoxing's foreign trade improved quickly, and the import and export of major markets achieved double-digit growth. ASEAN, the United States, the European Union, Africa and Latin America were the main foreign trade import and export markets of Shaoxing, with import and export increasing by 16.1%, 22.1%, 12.2%, 22.8% and 45.9% respectively. In terms of exports, exports to India and the United Arab Emirates were eye-catching, increasing by 65.6% and 79.6% respectively; In terms of import, Japan and the United States were the top two import source countries of Shaoxing, with an increase of 73.8% and 230% respectively.

In addition, Shaoxing's trade with countries along the line of “One Belt One Road” was active, and the growth was obvious. In the first half of the year, Shaoxing's import and export to the countries along the line of “One Belt One Road” amounted to 55.67 billion, increasing by 31.4%, and the pulling effect was obvious. The export of textiles and steel increased significantly, and the import of resource commodities and mechanical and electrical products also increased rapidly.

The sustained release of foreign trade vitality benefited from the positive response and active breakthrough of Shaoxing enterprises.

The current COVID-19 epidemic was still spreading worldwide, and the trend was perplexing. Facing the export pressure, many enterprises launched new products and new technologies to attract customers with superior technology and special functions. Statistics showed that in terms of commodity structure, textiles were still the main driving force for export growth in Shaoxing in the first half of the year, and the export performance of household appliances was also very eye-catching, with an increase of 52.1%, which has maintained double-digit growth for 15 months.

The import of high-tech products in Shaoxing also showed a rapid growth trend.

In the first half of the year, the import of machines and devices for manufacturing semiconductor devices or integrated circuits increased by 3.5 times, and the average monthly import price of unwrought copper and copper products hit the highest value in recent ten years. “Since last month, the state has gradually implemented macro-control, and the reserve copper has been released one after another. " Zhu Lin, director of the Storage and Transportation Department of Zhejiang Hailiang Co., Ltd., said that in the face of uncertain and unstable factors in the development of foreign trade, the domestic business environment has been continuously optimized to ensure the development of enterprises. As the largest copper material purchasing enterprise in Shaoxing, Zhejiang Hailiang Co., Ltd. was taking multiple measures to actively respond to market fluctuations.

"In the second half of 2021, Shaoxing's import and export growth toughness will be strong, but the growth rate may slow down." A relevant person from Shaoxing Customs said that in the next step, Shaoxing customs will continue to give full play to its functional advantages, strengthen departmental cooperation, to boost the four "National Brand" foreign trade platforms as a breakthrough, pay close attention to reform and innovation, make full use of policy advantages such as tax reduction and exemption, Certificate of Origin and AEO Certification, seize the opportunity of RCEP signing, and continuously improve the problem assistance and difficulty solving mechanism of "One Enterprise One Policy", service efficiently for the development of Shaoxing's foreign trade.