Compared with Jiangsu, Zhejiang and Guangdong, Shandong's imports, exports and imports ranked first in the first three quarters

Source: Poster News

On the afternoon of October 25, the Information Office of the Shandong Provincial Government held a press conference to report on the economic and social operation of Shandong Province in the first three quarters of 2021. (Photo: David Zhang)

Mass network poster news reporter Man Qianqian Jinan report

On the afternoon of October 25, the Information Office of the Shandong Provincial Government held a press conference to report on the economic and social operation of Shandong Province in the first three quarters of 2021.

Among them, in the first three quarters, Shandong's foreign trade import and export achieved a rapid growth of 36.8%. The province's import and export, export and import completed 2.12 trillion, 1.23 trillion and 885.46 billion yuan respectively, an increase of 36.8%, 39.3% and 33.4% respectively year-on-year, and the three growth rates were higher than the national average, ranking first compared with Jiangsu, Zhejiang and Guangdong.

In response to a reporter's question, Lu Wei, deputy director of the Department of Commerce of Shandong Province, mentioned that since July, affected by the high base of the same period last year, the growth rate of the province's foreign trade imports and exports has narrowed for three consecutive months. Through the recent analysis of the key industries and enterprises in Shandong Province, the province's foreign trade will remain in a stable growth range in the fourth quarter, but the growth rate will continue to decline, and it is expected that the import and export will achieve double-digit growth throughout the year.

Lv Wei analyzed that the main support point of growth, on the one hand, lies in the current repeated epidemic situation in some countries and regions, especially in Southeast Asia, the epidemic situation is more severe, the recovery of production capacity is slow, the return of manufacturing orders, and the major industries such as electronic appliances, machinery and equipment, textiles and clothing, agricultural products and other major industries in Shandong Province have sufficient orders in hand, such as Haier, Hisense, Goertek, Lutai, Weiqiao, etc. The exports of leading enterprises represented by Haier, Hisense, Goertek, Lutai and Weiqiao will maintain rapid growth in the fourth quarter. On the other hand, the price of international commodities such as crude oil and iron ore will remain high, and price factors will still support the rapid growth of imports in Shandong Province.

Lü Wei introduced that the current difficulties facing foreign trade mainly have four aspects:

First, the recovery of international market demand is weak. The spread of the new Delta virus has further raised uncertainty about the global economic recovery. Foreign trade monitoring data show that the overall export orders are still growing but the growth rate is contracting, and the proportion of enterprises without new export orders in September reached 36.3%, rising for five consecutive months, an increase of 5.6 percentage points over April, indicating that the current difficulty of enterprises to receive orders has increased.

Second, the high sea freight rate and the difficulty of booking space squeeze the export growth space. At present, the price of the main routes from Qingdao Port to Europe and the United States has increased by 6-8 times year-on-year, the average delay in booking and shipping time is 1-2 months, and the inventory of enterprises has increased by 30-50% year-on-year. In the first three quarters, the order volume of key industries such as mechanical and electrical, textile, light industry, and agricultural products in Shandong Province was affected by poor international logistics by about 2%-10%, and it is expected that the execution rate of orders in hand in the fourth quarter will drop by about 20 percentage points on average compared with the previous three quarters.

Third, the rise in raw material prices and insufficient supply affect the acceptance of orders by enterprises. For example, the price of natural rubber rose by 18% year-on-year in the first three quarters, and it is expected to rise by 5% in the fourth quarter, but the price of finished products was only raised by 4%-5%, and enterprises were forced to reduce orders. The textile and garment industry expects cotton prices to continue to rise by 20% in the fourth quarter, fabric prices to rise by 15%, and small and medium-sized enterprises dare not sign long orders. Automobile, electronics and other enterprises are affected by the "chip shortage" in the international market, and export orders have declined to varying degrees.

Fourth, the increase in the cost of electricity, natural gas and other energy use has led to the loss of some orders. Shandong textile fabric supporting mostly for Jiangsu and Zhejiang enterprises, since September, the power ration has led to unstable supply of fabrics, accessories and other unstable impact on export delivery. Since October, the comprehensive energy cost of glass, ceramics, tires and other industries has risen by 20%. Some companies have reported that they have raised export prices for three consecutive times this year, an increase of about 10%, and some old customers have transferred orders to other countries. In addition, due to factors such as capacity integration and policy adjustment, the import and export volume of bulk commodities such as crude oil and steel will be reduced.

Lv Wei said that in the next step, Shandong will focus on opening up a diversified international market, cultivating new impetus for foreign trade, strengthening bailout services, etc., and strive to maintain a rapid growth momentum in foreign trade throughout the year and strive to achieve the goal of foreign trade development.

Editor-in-charge: Guo Kai

Review: Yin Yutao

This article is from [Poster News] and represents the views of the author only. The National Party Media Information Public Platform provides information dissemination services.

ID：jrtt