According to the China Machine Tool Industry Association (CMTBA), the export delivery value of the whole industry in the first five months of 2009 decreased by 35.9% compared with the same period of last year. The export volume of a group of export-oriented enterprises has dropped by 50-90% year-on-year, and since the beginning of this year, the decline has been maintained at double digits.
According to CMTBA research, there are three reasons for the impact of product exports: First, demand in markets such as North America, Europe, and Japan, which account for 40% of China's exports, has shrunk dramatically; second, due to exchange rate changes, rising raw materials and labor costs, and difficulty in financing. Increased factors, such as the export profits of ordinary machine tools and low-end tool products, some export products fell into a loss; third, the rise of trade protectionism, the influx of products from overseas, and the difficulty of entering the foreign market Increase.
According to feedback from some export-oriented machine tool companies, due to the financial crisis, the decline in exports once reached more than 70%. For example, more than 60% of the abrasive abrasive enterprises relying on exports, in the first four months of this year, the artificial corundum exports a total of 30,000 tons, silicon carbide exports 27,000 tons, down 80-90%, the company's operating rate is only 10%, 90% of the furnaces in the industry are in suspension. Some abrasive companies have seen layoffs.
According to Fu Depu, secretary of the Party Committee of China Abrasives Import and Export Corporation, the company’s exports last year earned 179 million U.S. dollars. The export value in the first four months of this year was only 12 million U.S. dollars, which is only equivalent to the export value of the previous month. 80%.
According to CMTBA research, there are three reasons for the impact of product exports: First, demand in markets such as North America, Europe, and Japan, which account for 40% of China's exports, has shrunk dramatically; second, due to exchange rate changes, rising raw materials and labor costs, and difficulty in financing. Increased factors, such as the export profits of ordinary machine tools and low-end tool products, some export products fell into a loss; third, the rise of trade protectionism, the influx of products from overseas, and the difficulty of entering the foreign market Increase.
According to feedback from some export-oriented machine tool companies, due to the financial crisis, the decline in exports once reached more than 70%. For example, more than 60% of the abrasive abrasive enterprises relying on exports, in the first four months of this year, the artificial corundum exports a total of 30,000 tons, silicon carbide exports 27,000 tons, down 80-90%, the company's operating rate is only 10%, 90% of the furnaces in the industry are in suspension. Some abrasive companies have seen layoffs.
According to Fu Depu, secretary of the Party Committee of China Abrasives Import and Export Corporation, the company’s exports last year earned 179 million U.S. dollars. The export value in the first four months of this year was only 12 million U.S. dollars, which is only equivalent to the export value of the previous month. 80%.
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