Sichuan Clothing And Footwear Exports First Negative Growth

From the Sichuan Provincial Department of Commerce, it was learned that the total export volume of Sichuan's foreign trade amounted to US $1 billion 430 million in October. After April and July this year, the export volume of New Zealand's exports reached a record high. Among them, the mechanical and electrical products became the pillar products, accounting for 76.8% of the total net export growth in October.

But at the same time, clothing, footwear and other traditional bulk export products for the first time in 18 months negative growth.

In October, Sichuan exported mechanical and electrical products to US $760 million, accounting for 76.8% of the total net export growth in October.

Among them, the main export of electrical and electronic products is integrated circuits and TV sets.

The export garments and accessories were reduced by 10.9% from 170 million US dollars, from a slight increase of 1.9% in September to a negative growth.

Exports of footwear 18 million 530 thousand dollars, down 10.5%, this is the 18 month of continuous growth, Sichuan footwear for the first time negative growth.

It is learnt that clothing and footwear industry are labor-intensive industries. Due to the rising labor costs, some small businesses are not competitive enough, resulting in the weakening of product competitiveness.

On the other hand, influenced by the global financial turmoil, the foreign consumer market is weak for the bulk products exported by clothing, shoes and other provinces.

These problems are the important factors leading to the negative growth of clothing and footwear exports in our province.