Guangdong Shoe Exports To ASEAN Market Value Increased By 2 Digit

The Latin American economy has gradually recovered and the China ASEAN Free Trade Area has been built, providing a positive factor for the expansion of export scale in Guangdong Province, which accounts for 40% of China's footwear exports. Statistics released by Guangzhou customs 2 showed that 1 pairs of shoes exported from Guangdong in 2010 to May increased by 26% compared with the same period last year, but the export proportion to the traditional markets in Europe and America showed a downward trend.

Since October 2009, the volume of exports of shoes in Guangdong has basically shown an upward trend compared with the same period last year. In addition to the 2 digit growth in February, the growth rate in May increased further, and exports increased to 400 million pairs, an increase of 56%, an increase of 13%, the highest monthly export volume since 2009.

Data show that Guangdong shoes on the traditional European and American markets increased slightly and the proportion of exports declined. From 1 to May, Guangdong shoes exported about 2 billion US dollars and more than 600 million US dollars to the traditional market, the United States and the European Union respectively, which increased by 9.9% and 9.8% respectively. The increase is less than the total increase of Guangdong shoe exports in the same period. The above two markets account for 59% of the total value of Guangdong's footwear exports in the same period, down 2.4 percentage points from the same period last year.

Over the same period, the export value of Guangdong shoes to ASEAN and Latin America increased by 2 figures, with exports of US $380 million and US $280 million respectively, representing an increase of 70% and 49% respectively. It is mainly driven by the export growth of low price plastic shoes, and the export of plastic shoes to ASEAN accounts for 87% of the export value of Guangdong shoes to ASEAN in the same period, and plastic shoes exported to Latin America account for 77% of the total value of Guangdong shoes exported to Latin America in the same period.