Export values fall but overseas market shares up

10 Nov '09

2 min read

Mr Yao Jian, spokesman of the Chinese Ministry of Commerce said recently that China's exports to the United States, Japan and the European Union have declined after the outburst of international financial crisis, but market share of China in imports and exports of these countries have increased.

Speaking at the “2009 Forum of China International Trade Society and International Trade Development” in Tianjin, Mr Jian said that, that the financial crisis has reduced demand for Chinese goods and that the foreign trade is facing severe challenges.

Statistics show, in the first three quarters of this year, China's total foreign trade volume reached US $1.5578 trillion, down 20.9 percent year on year.

"However, China's share in international market is increasing." Mr Jian said. Statistics show that from January to September this year, imports of the United States from China touched $184.92 billion, down 14.9 percent year on year, but China's share in the U.S. import market stood at 18.84 percent, an increase of 3.88-percent year on year.

In the first nine months, the United States imported 12.43 billion square meters of fabrics from China, down 0.3 percent year on year, but China's share in the U.S. import market totaled to 40 percent, up 3.8-percent year on year.

In Japan, from January to September this year, Japan's imports from China stood at $87.92 billion, down 14.66 percent year on year, but China's share in Japanese import market accounted for 22.27 percent, an increase of 3.99 percent year on year.

Similarly, in the first seven months of this year, imports of the European Union from China fetched $161.43 billion, down 21.6 percent year on year, but China's share in the EU market increased by 2.94 percent to reach 17.41 percent.

He concluded by saying that, despite the fall in export values, export share of Chinese enterprises in international market has increased, indicating that China's foreign trade still possesses a strong competitive edge.

Fibre2fashion News Desk