Chengdu Customs released statistical data yesterday, showing that in the first half of this year, Sichuan Province exported a total of 65.4 million pairs of shoes, worth 300 million US dollars, respectively, an increase of 5.7% over the same period last year and a decrease of 7.2%, the average export price of 4.6 US dollars per pair, a decrease of 12.3% . The relevant person in charge of Chengdu Customs believes that factors such as rising costs and exchange rate changes will have a lasting impact on Sichuan footwear exports in the future.
Exports fell for two consecutive months. According to relevant officials from Chengdu Customs, since May of this year, Sichuan shoe exports have been declining for two consecutive months. In June, exports were 11.38 million pairs, a decrease of 5.2% from the previous month. In the first half of this year, other trade export shoes dominated by tourism and shopping in Sichuan were 41.34 million pairs, an increase of 44.5%, accounting for 63.2% of the total export volume, and became the most important trade method for Sichuan shoe exports; during the same period, 13.8 million shoes were exported through general trade. Double, down 45.4%, accounting for 21.1% of total exports.
Three major factors caused difficulties in exporting: "The rising cost of raw materials caused by rising prices of raw materials, the continuous appreciation of foreign exchange, and international trade barriers are the three major factors that currently affect Sichuan shoe product exports." Related officials of Chengdu Customs stated that the The price of raw materials for footwear such as cotton, leather, rubber, plastics, and chemical fiber continued to rise, causing the cost of footwear to continue to rise.
At present, under the influence of high pork prices, the price of raw pig skin has also risen. The price of a raw pigskin has risen from last year's 40 to 50 yuan and has now exceeded the one hundred yuan mark.
In addition, the continuous rapid appreciation of ***, making the shoe company's profit margins are compressed. "This year, the pace of renminbi appreciation has apparently accelerated. The acceleration of the renminbi appreciation rate has not only led to a further reduction in the company's profit margins, but also has become one of the most uncertain factors in the export enterprises' bargaining orders, out of concerns about exchange rate risks. Companies are reluctant to accept long lists."
(** Morning Post reporter Hong Wei)
Exports fell for two consecutive months. According to relevant officials from Chengdu Customs, since May of this year, Sichuan shoe exports have been declining for two consecutive months. In June, exports were 11.38 million pairs, a decrease of 5.2% from the previous month. In the first half of this year, other trade export shoes dominated by tourism and shopping in Sichuan were 41.34 million pairs, an increase of 44.5%, accounting for 63.2% of the total export volume, and became the most important trade method for Sichuan shoe exports; during the same period, 13.8 million shoes were exported through general trade. Double, down 45.4%, accounting for 21.1% of total exports.
Three major factors caused difficulties in exporting: "The rising cost of raw materials caused by rising prices of raw materials, the continuous appreciation of foreign exchange, and international trade barriers are the three major factors that currently affect Sichuan shoe product exports." Related officials of Chengdu Customs stated that the The price of raw materials for footwear such as cotton, leather, rubber, plastics, and chemical fiber continued to rise, causing the cost of footwear to continue to rise.
At present, under the influence of high pork prices, the price of raw pig skin has also risen. The price of a raw pigskin has risen from last year's 40 to 50 yuan and has now exceeded the one hundred yuan mark.
In addition, the continuous rapid appreciation of ***, making the shoe company's profit margins are compressed. "This year, the pace of renminbi appreciation has apparently accelerated. The acceleration of the renminbi appreciation rate has not only led to a further reduction in the company's profit margins, but also has become one of the most uncertain factors in the export enterprises' bargaining orders, out of concerns about exchange rate risks. Companies are reluctant to accept long lists."
(** Morning Post reporter Hong Wei)
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