May 13, Hangzhou Customs data shows that Zhejiang province exports decline again.
In April, Zhejiang’s total imports and exports are 15.1 billion U.S. dollars, fell 19.6% over the same period last year, while the imports fell 20.6% and exports fell 19.1%. The trade has surplus of 5.99 billion U.S. dollars, fell 17.8%.
According to customs statistics, Zhejiang Province foreign trade dropped for asixth consecutive month from last September, the cycle length is more than 1998 Asian financial crisis. Some import-export companies told the main reasons are shrinking overseas markets, appreciation of RMB.
In addition, as a result of the economy downturn, employment pressure, intense market competition and trade protectionism, in 2008, Zhejiang has suffered anti-dumping and countervailing from 19 countries include United States, EU Union, India and others. The main export commodities such as textiles, iron and steel, mechanical and light industrial products became the focus of protection by other countries.
