China's shoes export not optimistic
Friday, 11 July 2008
BEIJING, July 10 (Xinhua): China's export of shoes was 3.39 billion pairs in the first five months of this year, dropping 3.6 per cent year on year, according to statistics from the customs.
The average export price was three dollars per pair, jumping 15.8 per cent.
May's export of shoes was 690 million pairs, down 4.9 per cent year on year, and 7.1 per cent month on month, with average price standing at 3.2 US dollars per pair, up 22.8 per cent year on year.
Shoes export to the United States dropped, but that to EU increased.
China's export of shoes to the USA was 880 million pairs, down 4.5 per cent, and accounting for 26 per cent of the country's total export of shoes; and export to UE was 640 million pairs, up 6.8 per cent, 18. 9 per cent of the country's total.
The customs analysts listed the following four factors affecting China's export of shoes in the first five months.
Export rebate rate adjustment. China cut export rebate rate on shoe products by two per centage points as of July 1, 2007, adding more pressure on shoemakers besides appreciation of RMB.
Decrease of number of shoe production enterprises.
According to statistics, China's shoe exporting companies decreased 1,719 in the first five months of this year on the basis of the 9,856 in the same period last year.
Impact of the subprime crisis. The USA has long been a major destination of China's shoes export. But the subprime crisis has affected consumption in the States, and also China's export to the USA.
Trade barrier. EU launched anti-dumping measures against leather shoes imported from China by collecting 16.5 per cent anti-dumping tax in October 2007, which was followed by some other countries such as Pakistan, Peru and Canada.
The average export price was three dollars per pair, jumping 15.8 per cent.
May's export of shoes was 690 million pairs, down 4.9 per cent year on year, and 7.1 per cent month on month, with average price standing at 3.2 US dollars per pair, up 22.8 per cent year on year.
Shoes export to the United States dropped, but that to EU increased.
China's export of shoes to the USA was 880 million pairs, down 4.5 per cent, and accounting for 26 per cent of the country's total export of shoes; and export to UE was 640 million pairs, up 6.8 per cent, 18. 9 per cent of the country's total.
The customs analysts listed the following four factors affecting China's export of shoes in the first five months.
Export rebate rate adjustment. China cut export rebate rate on shoe products by two per centage points as of July 1, 2007, adding more pressure on shoemakers besides appreciation of RMB.
Decrease of number of shoe production enterprises.
According to statistics, China's shoe exporting companies decreased 1,719 in the first five months of this year on the basis of the 9,856 in the same period last year.
Impact of the subprime crisis. The USA has long been a major destination of China's shoes export. But the subprime crisis has affected consumption in the States, and also China's export to the USA.
Trade barrier. EU launched anti-dumping measures against leather shoes imported from China by collecting 16.5 per cent anti-dumping tax in October 2007, which was followed by some other countries such as Pakistan, Peru and Canada.