Jinhua's Exports To Ukraine Declined By 12.9%

P and Ukraine have been in turmoil for months, and relations between Russia and Ukraine are also deteriorating. The complex political situation has a comprehensive impact on Jinhua's export enterprises. The investigation report released recently by the customs fully confirms this point. Statistics show that in the 1~2 months of this year, Jinhua's exports to Ukraine fell by 12.9%. In order to avoid risks, the number of Ukraine enterprises in Jinhua has dropped to 227. The negative effects continue. < /p >
< p > < strong > exports to Ukraine declined rapidly, < /strong > /p >
< p > "there are so many uncertain factors that enterprises are very cautious about taking orders from Ukraine, even if they do not dare to do business." Jinhua customs staff in the visit found that since this year, because of the situation in Ukraine, enterprises become difficult to receive foreign exchange, they have to reduce the export orders to the Ukrainian region, many enterprises in February no new orders. < /p >
< p > Ukraine is the main market for Jinhua's foreign trade enterprises in Eastern Europe. In 2013, 1054 enterprises in Jinhua realized a total export value of 420 million dollars to the Ukrainian foreign trade, mainly from steel doors and windows, aluminum products, electric tools, cotton shirts and other daily necessities. However, along with the changes in local political situation and the increasingly tense situation in the Russian border area, the risk of foreign trade exports to Ukraine has increased, and the risk aversion of enterprises has been spreading. < /p >
< p > Jinhua customs chose some foreign trade enterprises to carry out a quick investigation. It found that in the first two months, exports to Ukraine were only 62 million 900 thousand US dollars, down 12.9% compared with the same period last year, and some of the shipments have suffered losses. The 310 enterprises in the city's business accounted for 54.5% of the total number of export enterprises in the same period last year. < /p >
< p > < strong > 227 enterprises suspend shipment to Ukraine < /strong > /p >
Less than P, the products exported to Ukraine are mainly transported by sea for about 45 days. In order to avoid risks, some enterprises have suspended shipment to the local market. < /p >
In the < p > report, customs officers mentioned a Jinhua company's < a href= "//www.sjfzxm.com/news/index_c.asp" > children's products < /a > production company. In 2013, the company exported to Ukraine for 450 thousand US dollars, and with the Ukrainian customers, it also reached an order intention of 200 thousand US dollars. But taking into account the situation, enterprises decided to suspend the signing of the contract, continue to wait and see; some enterprises have signed orders, require the other party to pay the full amount of goods, only after shipment. < /p >
< p > 1~2 this year, there are 227 enterprises in Ukraine who have given up exporting to Jinhua to avoid risks, accounting for 39.9% of the total number of export enterprises in the same period last year. < /p >
< p > the industry says that the reason why enterprises suspend exports is mainly considering the risk of withdrawal of loans. Since the political turmoil, the banking system in Ukraine has seen a lot of evidence of deposits and withdrawals. On February 18~20, the cash withdrawal of the banking system in the country amounted to 30 billion gross (about $3 billion 100 million), liquidity was tight, the cost and difficulty of local importers' financing rose sharply, and capital turnover was difficult. < /p >
< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > Eastern Europe > /a > are all obviously affected < /strong > /p >
In the < p > report, Jinhua also involves the export of Ukraine's neighboring countries and regions. < /p >
< p > "the neighboring countries of Ukraine have strong mutual radiation, and export declaration has strong correlation." Customs officers said that since the Ukrainian conflict, Jinhua's exports to Russia, Belarus and other countries of the Commonwealth of Independent States and other neighboring countries have declined in the past. < /p >
< p > statistics show that in February, exports to Russia amounted to 6988 US dollars and exports to Belarus for 57 US dollars, down 24.9% and 9.9% respectively from the same period last year. The exports to neighboring countries such as Poland, Hungary, Romania and Moldova were US $15 million 30 thousand, 270 thousand US dollars, 3 million 300 thousand US dollars and 480 thousand US dollars, down 11.1%, 80.5%, 70.9% and 70.9% respectively. For example, a footwear company in Zhejiang exported only 2 million 260 thousand dollars to neighboring countries in Ukraine in February, down 43.7% from the same period last year. < /p >
< p > < strong > enterprises should timely adjust export plans < /strong > < /p >.
< p > a Wuyi enterprise mainly exports steel doors to < a href= "//www.sjfzxm.com/news/index_c.asp" > Ukraine < /a >. Last year, a considerable portion of the order was still in storage. After the suspension of the shipment, the company increased its efforts to develop emerging markets such as Africa and Latin America. < /p >
< p > customs officers suggest that Jinhua enterprises should adjust their plans for the import and export of Ukraine in a timely manner in the light of the steady signs of the political situation, and intensify efforts to explore new international emerging markets. When exports are blocked, they will be transferred to domestic market in a timely manner to reduce inventories, revitalize capital turnover, enhance endogenous economic growth and reduce export risks. < /p >
< p > on this basis, enterprises should rationally adjust the proportion of deferred collection and prepayment, and reduce the risk of trade settlement for Ukrainian export enterprises. Export enterprises are encouraged to speed up product innovation and promote transformation and upgrading of enterprises. < /p >
< p > customs will further refine the import and export monitoring and early warning of the enterprises, track and pay attention to the impact of foreign political turbulence on bilateral trade, and provide early warning information timely to prevent and control the risk of foreign exchange remittance and import remittance. < /p >