Euro Depreciation Hits European Shoe Exports

Reporters learned from Shenzhen Customs on 21 th that 1 billion 480 million pairs of shoes exported by Shenzhen port in the first half of this year increased 51.5% compared with the same period last year; the value was 3 billion 30 million dollars, an increase of 31.4%.

The volume of exports in the first 6 months increased by 58.7% compared with the first half of 2008 before the financial crisis, and the value of exports increased by 51.9%. The main reason is that the volume of exports to ASEAN has doubled and doubled due to the completion of the bilateral free trade zone, while the traditional markets in Europe and the United States have been growing more rapidly.

　 Shoes exports double to ASEAN

According to statistics, in the first half of the year, 410 million pairs of shoes exported to ASEAN from Shenzhen port increased by 1.3 times, accounting for 27.7% of the total export volume of shoes. At the same time, exports to the United States 240 million pairs, the growth rate reached 25.2%, exports to the EU also have 150 million pairs, an increase of 45.2%. Among them, the export performance of private enterprises is better. In the first half of the year, the private sector exported 990 million pairs of shoes from Shenzhen port, an increase of 72.2%, an increase of 20.7 percentage points. The proportion increased from 58.9% in the same period last year to 66.9%.

　 Euro depreciation hits European shoe exports

"Because the economic outlook for Europe and the United States is still uncertain, the future export of footwear commodities will still be affected by a variety of negative factors." Customs trade experts told reporters, "the appreciation of the RMB exchange rate has depressed the profit margins of export enterprises. In addition, this year's continued depreciation of the euro also makes domestic footwear exports to Europe face enormous pressure. Shenzhen customs data also confirmed this point. The continued depreciation of the euro made Shenzhen port export volume to the EU 22 million 980 thousand pairs last month, an increase of 21.7% over the same period last year, lower than the overall growth rate of 52 percentage points.

According to customs, the European Union announced that it will begin to restrict the use of specific organotin compounds in consumer products starting from July. Organotin compounds in the new directive are widely used in the insole of shoes. If the standards are specified in violation of instructions, products will be subject to a refund or a more severe recall penalty.