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Wenzhou’s Export Booming in Past 3 Months
【Fonts: Large Medium Small 【Source: Wenzhou·China 【Date: 2020.06.18】

According to the data released by the Wenzhou Customs on June 15, Wenzhou’s total import and export volume in May this year was 15.95 billion yuan, up 7.0% year on year, among which exports reached 14.58 billion yuan, a rise of 10.6% year on year, showing a recovery growth in the past three consecutive months.

Booming export played an overwhelming role in the rapid recovery growth of the city’s total  import and export volume in May. Specifically, export from market procurement trade (EMPT) , mechanical and electrical products, and epidemic prevention materials have become the highlights of export growth. EMPT in May amounted to 2.95 billion yuan, a year-on-year increase of 2.1 times, showing a redoubled growth with a month-on-month growth rate of 31%.

According to the customs, the significant growth of EMPT is attributed to the   counties’ (county-level cities’) and districts’ strengthening their efforts recently to promote EMPT by implementing related incentive policies to promote foreign trade export growth, resulting in the increase in the number of enterprises engaged in EMPT and in the sources goods for the export mode.  For example, from January to May, 178 enterprises adopted EMPT,and increased their export volume by 14.8% in May compared with that from January to April. In the past five months, county-level cities, Rui’an and Yueqing have ranked among top two in the value of EMPT.

It is noticeable that the monthly export of mechanical and electrical products increased significantly, showing a trend of recovery growth, while among the export of epidemic prevention materials, that of face masks continued to increase considerably month on month, and that of rest medical materials doubled month on month.

However, in the same period, Wenzhou's general trade export reached 11.5 billion yuan, down 3.3% year on year, among which the export of shoes, clothing and its accessories, bags and similar containers dropped sharply, down 57.7%, 38.9% and 46.3% respectively year on year .

In addition, according to the import and export data, Wenzhou’s  import and export in the first five months this year were generally stabilized but enterprises varied widely in export volume.

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