Guangdong Exported Shoes, QTY Down & Price Up, in Aug 2017

According to China Customs statistics, a total of 1.81 billion pairs of shoes were exported from Guangdong Province in January-August 2017, representing an increase of 3.3% over the same period of last year (YOY); worth RMB 69.09 billion yuan, up 12.9% YOY; average export price at 38.2 yuan per pair, up 9.3% YOY.

Export Characteristics:
(1) In August alone, the export quantity was 190 million pairs of shoes, down 10.3% YOY and down 15.3% from July (MOM); average price at 38.8 yuan per pair, up 0.9% YOY. (See the chart below)

 

(2) Nearly 60% were exported by ordinary trade.
In August, 120 million pairs were exported by ordinary trade mode, down 19.1% YOY, accounting for 62.1% of the total export; processing trade exported 20.386 million pairs, down 7.6% YOY, accounting for 10.5%.

(3) Dominated by private enterprises.
In August, private-owned enterprises exported 150 million pairs, down 7.2% YOY, accounting for 77.2%; foreign-invested enterprises exported 36.982 million pairs, down 16.2% YOY, accounting for 19.1%.

(4) Exported more to Africa and less to the United States.
In August, the export to Africa increased by 14.2% YOY to 47.059 million pairs; the export to the USA reduced 7.2% YOY to 34.879 million pairs; the export to the EU reached 25.599 million pairs, down 7.4% YOY; the export to the ASEAN reached 24.56 million pairs, down 24.2% YOY; the export to Latin America reached 11.751 million pairs, down 27.7% YOY; the five markets together accounted for 74.2% of the total.