Manchuria Port Footwear Exports Continued To Decline For 4 Months

Manchuria port footwear exports fell for 4 months on a year on year basis

In February 2009, the total value of imports and exports of Manchuria port was 402 million US dollars, down 50.50% from the same period last year, of which the total value of exports was US $37 million, down 45.83% compared with the same period last year, and the total value of imports was US $365 million, down 50.93% from the same period last year.

Since November 2008, the total value of imports and exports of Manchuria ports has been declining for the 4 consecutive month, and the total value of exports has been decreasing for the same period of 4 months. The total value of imports has declined for 4 consecutive months, but the ring ratio has been showing growth for the first time after 3 consecutive months. In February 2009, the total value of Manchuria port imports increased by 9.88%.

From the point of view of the trade value of the main import and export commodities, in February November 2008, the imports of crude oil, logs, pulp, iron concentrate, fertilizer, n-butanol and isobutanol in Manchuria port decreased for the 4 consecutive month. The import value of crude oil and logs decreased in February 2009 after a 3 month decline. The import saw lumber only decreased slightly in January 2009 compared with the same period in January 2009. The other 3 months grew year by year. The export of electromechanical products and footwear decreased for the 4 consecutive month, and the export of steel products increased slightly in February 2009 after 3 consecutive months of decline. The export of vegetables, fruits and textiles increased for 4 consecutive months.

Trade with Russia accounts for more than 99% of Manchuria port's foreign trade. Therefore, the import and export trade status of Manchuria port can reflect the development trend of Sino Russian trade to a certain extent, but there are still some unfavorable factors.

　　一、俄国内经济表现疲软，对华出口放缓。

Since the conflict between Russia and Georgia in August 2008 and the fall in international oil prices, the Russian stock market has fallen sharply, the rouble has depreciated, residents' real incomes have declined, and economic growth has slowed down.

　　二、中俄边贸受影响较明显，大项目合作影响不大。

The Sino Russian economic and trade impact is an inevitable reaction under the financial crisis.

　　三、中俄贸易进出口商品结构不会发生根本改变。

Because of its distinct resource endowments, Russia exports mainly to China's raw and processed materials, of which oil is more than half. In addition, lumber is an important part of Russia's exports to China, while China has traditionally been the leading exporters of clothing, textiles, household appliances and spare parts.

　　四、中俄双边“政热经冷”局面更趋突出。

Sino Russian relations are stable and developing relations, and there is a common interest in strengthening economic and energy cooperation. China and Russia have the need to cooperate with each other, so the strategic partnership of cooperation between China and Russia has been consolidated and developed.

The absolute value of trade volume between China and Russia is still very small, which is very incongruous with the status quo of the two big economies and the political relations between the two countries, and there is still much room for growth.

Editor in chief: Xu Qiyun