Trading Export
Frbiz.com reports The guangdong toy exports dropped overall re-warmer faced two industries obstacles
Despite the current global economy has warmed signs, however, China’s toy exports comprehensive recovery is still faced with two big barriers. The 23rd, according to figures released in October 2009 guangdong toy exports than last month dropped 13.3%, exports for 6.7 billion dollars.
Since February this year, month since the guangdong toy exports back in October, but fell back quickly to monthly shipments fell $6.7 13.3%, annulus. 1-10 months of guangdong toy 46.6 billion, compared with the same period last year (the same below) dropped by 11%.
The United States, the European Union and Hong Kong is still the major export markets, export growth in asean. 1 to October this year, guangdong province in the United States, the European Union and the Hong Kong exports of toys 19.3 million dollar respectively, $1.14 billion and $4.1 billion respectively, and 10.9% and 12.4% decline 15.2, the combined toy exports of guangdong province (hereinafter the same) 74.7%of. In addition, the asean export $210 million, 75.3% increase.
Export processing trade, export generally dominant rapid growth. 1 to October this year, guangdong province on processing trade exports of toys 30.2 billion dollars way down, 18.3%, 64.7%and 70.5%, General trade, export 8 billion us dollars, accounting, 32.8% growth.
According to the analysis of current professionals, the global economy has warmed signs, however, China’s toy exports comprehensive recovery is still faced with two big barriers.
One is the enterprise exports increased trade barriers. Two big market and greatly enhances their safety standards, July the European Union and the United States were unveiled a new toy safety instructions and the toy safety certification program, only from August to September, the United States, Canada, Germany and other countries successively five times reported on chinese-made toys recalled. U.S. toy industry association (hereinafter referred to as TIA) in October 2009 (TSCP) launched toys authentication, all safety toy manufacturers to use electronic certification system for the TIA American market entrance product safety certification toys. Canada and Malaysia, recently released from the toys imported new regulations. Security At the same time, Chinese toy inspection to detect cost rising cost of enterprise, to go up, looking for new raw and auxiliary materials, light this let procurement costs have risen about 15%.
Price is rising cost increase pressure. Toys for hardware products and raw materials are tasted, the product oil additional current market prices rising, especially since this year, the international crude oil, 1.12%, 78.34 (0.87) price fast rebound. From the beginning of oil has 35 dollars a barrel to $80 per barrel, a financial crisis during the downturn 32 dollars a barrel, up to 150% processing “high into the lower” of losses. Plus human resources and transportation cost, increasing the toy industry profit margins are shrinking, enterprise capital chain is fragile, technology of funds. From the Chinese toy association survey: the internal and external pressure, toy production cost of enterprise in recent years, but generally increased by 25% for demand and competitive price, product can also increased.
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