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China's first 10 months of home appliances export growth sharply down - Led DJ Lights by rtryu weyhjk





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China's first 10 months of home appliances export growth sharply down - Led DJ Lights by
Article Posted: 06/13/2011
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China's first 10 months of home appliances export growth sharply down - Led DJ Lights


 
Business,Business News,Business Opportunities
China 08 years ago in October exports of major home appliances 36.32 billion U.S. dollars, up 12.5%, down 65.1 percent growth rate significantly, in October month, 3.92 billion U.S. dollars export of household electrical appliances, down 3.2%, for the first time since 2008 monthly down.

General Administration of Customs on December 3 messages, customs statistics, China's exports from January to October of 2008 the major household appliances (include electric fans, air conditioners, refrigerators, electric household appliances, players, washing machines, microwave ovens, televisions, digital cameras, etc., hereinafter referred to as home appliances) 36.32 billion U.S. dollars, higher than the same period in 2007 (year on year, the same below) increased 12.5%, down 65.1 percent growth rate substantially.

2008 January-October exports of Chinese home appliances major features:

1, October is the month the first decline in exports during the year. October 2008, 3.92 billion U.S. dollars of Chinese exports household appliances, down 3.2%, decreased 2% for the year 2008, the first monthly decline since.

Second, export-oriented processing trade, general trade exports stagnated. 2008 January-October, exports of processing trade in China Home Appliances 30.21 billion U.S. dollars, up 12.2%, accounting for the same period in the Chinese home appliance exports (units) 83.2%; to general trade export of 4.78 billion U.S. dollars, a slight increase of 1.1% 13.1%. The two together account for 96.3%.

Third, the United States, Europe and occupy half of the export market, faster growth in emerging markets. From January to October 2008, the Chinese home appliance exports to the U.S. 10.1 billion U.S. dollars, up 14.9%; on EU exports of 6.54 billion U.S. dollars, up 10.8%. These two markets accounted for 45.8% of total exports. In addition, Latin American exports of 2.84 billion U.S. dollars, up 18.9%; on Russian exports of 1.45 billion U.S. dollars, up 53.4%; on African exports 1.19 billion, an increase of 24.1%.

Fourth, foreign-invested enterprises export dominated. From January to October 2008, the Chinese foreign-invested enterprises exported 26.74 billion U.S. dollars appliances, up 12.9%, 73.6%. Over the same period, exports of state-owned enterprises and private enterprises were 4.86 billion U.S. dollars and 2.93 billion U.S. dollars, up 18.4% and 11.1%.

5, Guangdong, Jiangsu provinces total more than 7 percent. From January to October 2008, Guangdong exported 19.41 billion U.S. dollars appliances, an increase of 7.8%, 53.4%; exports of 6.56 billion U.S. dollars in Jiangsu Province, an increase of 15.7%, 18.1%; two provinces together account for the same period exports of the country's total exports of home appliances 71.5 %.

Chinese home appliance exports currently facing major challenges are: First, rapidly rising costs since 2007, the plight of the financial crisis intensified. Since the beginning of 2007, a stronger yuan, rising raw materials costs, the impact of unfavorable factors, household electrical appliance enterprises tend to severe export situation. With the deepening U.S. subprime mortgage crisis led to the export situation is even worse. Order to reduce the lag effect in view of expected some time to come home appliances in China will face greater difficulties. China household electrical appliances in Latin America, Russia and Africa, while sales in emerging markets grew rapidly, but the level of consumption in these areas is limited, the market is still relatively small capacity for the time being.

Second, technical barriers, such as increasing anti-dumping restrictions on exports of Chinese home appliances. The abroad by the technical standards, identification, authentication and other non-tariff barriers composed of endless, such as the EU's WEEE Directive ("Waste Electrical and Electronic Equipment Directive") and the ROHS Directive ("on the electrical and electronic equipment directive restricting the use of certain hazardous substances" ), etc. The introduction of the export of home appliances in China formed a greater conditionality.

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