Dongguan bags, shoes and other export growth and stability

Last year, Guan 113.3 billion U.S. dollars worth ofand exports, an increase of 29.4%, an increase of
imports and exports, the growth rate fell 20.7drop 9.2 percentage points. Professionals pointed out
percentage points; overall slowdown in processingthat the slowdown in processing trade, the total
trade.value of a direct drag on growth in foreign trade, and
According to customs statistics, in 2008, Dongguanthe general trade is the only way in a variety of
City, the value of total imports and exports 113.3trade, decline in the growth control within 10
billion U.S. dollars, compared with 2007 (the samepercentage points.
below) grew by 6.1%, growth rate down 20.7Shoes, bags export growth and stability
percentage points. Around the city in GuangdongIn 2008, Dongguan exports 65.54 billion U.S. dollars, an
Province, Dongguan's foreign trade import and exportincrease of 8.9% growth rate down 18.1 percentage
value, export value, import value is ranked second,points. Among them, mechanical and electrical
behind Shenzhen's foreign trade growth, but lowerproducts exported 48.37 billion U.S. dollars, up 10.8%,
than that in Guangzhou, Zhuhai and Foshan, the threeaccounting for 73.8% of export value, the proportion
cities.of slight 1.3 percentage points; export hi-tech
Among this, exports 65.54 billion U.S. dollars, anproducts (with the mechanical and electrical products
increase of 8.9% growth rate down 18.1 percentagehave cross) 23.53 billion U.S. dollars, an increase of
points; imported 47.76 billion U.S. dollars, an increase3.9%, an increase of drop 60.5 percentage points.
of 2.5% growth rate down 23.9 percentage points;Traditional bulk commodities, footwear, bags
to realize an annual trade surplus of 17.78 billion U.S.maintained a double-digit growth, but furniture,
dollars, an increase of 30.7%.textiles, toys and plastic products are stagnating or
In August, after a marked decline in foreign tradefalling. Of these, total exports of furniture and parts
growththereof was 27.8 billion U.S. dollars, Bi Zeng 1.3%; toy
Early 2008, subject to international energy prices andexport volume was 14.7 billion U.S. dollars, down 3.7%;
the depreciation of the dollar impact of 1-Julytextiles (including clothing and textile yarn) exports of
Dongguan's foreign trade rose by 19.6% since August4.66 billion U.S. dollars, Bi Zeng 1.6% plastic products
last year, began a marked decline in trade growth1.07 billion U.S. dollars, compared with 8.7% down.
and even decline, showing a "pre-heat, cool" trend.The major trading partners, both exports and
Dongguan, in August last year, import and exportimports are slowing
growth fell to 4.3%; imports into a negative growthIn 2008, Dongguan on both exports and imports of
of 0.7%. The next four months, import and exportall major trading partners are slowing. Hong Kong, the
decline is widening, in October last year the value ofUnited States, the European Union is still in 2008,
imports and exports since February 2005 appearedDongguan's foreign trade import and export of key
the first time since negative growth.partners and major export markets.
Processing trade in 2008, Dongguan full deceleration.Imports, the Chinese mainland China Taiwan and
Dongguan last year 99.33 billion U.S. dollars ofJapan continues to occupy a pre-3 source of imports.
processing trade imports and exports, up 4.3%, anDongguan's industrial structure due to the "two out"
increase of 20.8 percentage points decline in theas the mainstay, the international financial tsunami on
import and export value of Dongguan's foreign tradethe main source of imports and key market data on
import and export value accounted for 87.7%.the performance of exports is equally clear, an
General trade reached 9.43 billion U.S. dollars importsincrease largely down to single digits or even declined.