Shiyan Automobile & Parts Export Increase 50% in the First Half

www.chinaspv.com: It is learned from Department of Commerce of Shiyan that export increased strongly as a reversal, which was almost 85 million USD of automobile & parts export increasing over 50%. Taking advantage of foreign capital of 142.62 million USD, Shiyan was ranked the first of the whole Hubei province in its process.

Based on statistics collected by Department of Commerce, in the first half export of Shiyan realized its strong increase of 185.946 USD, increasing 43.4% year on year and ranked as the third of Hubei in its growth. Its taking advantage of 142.62 million USD foreign capital help year-on-year increase come to 8.4%, ranked the first of Hubei in the process. Retail sales of consumer good were 22.985 billion Yuan, increasing 11.7% compared with the same period of last year. Newly approved overseas investment enterprises made the total number to 10 with its own 4, which was of 67.86 million USD and increased 70%. Foreign economic cooperation with Central Asia and South America realized new breakthroughs.

Since the year of 2012, our automobile & parts export increased slowly with an obvious lack of increasing power. In order to expand export, we positively adjust export product structure by implementing the strategy of ensuring quantity of large order and ensuring profits of small order. Thus, both market scale and profits can be ensured. It is learned that Double Star Tyre exported tyres of 7 million USD monthly. Accumulative export is 41.248 million USD increasing 26 year on year in the first half.

Led by Double Star Tyre, automobile and parts enterprises contribute a lot to export of all the automobile and paarts enterprises with its total export sum of nearly 85 million USD—45.7% of the total, increasing over 50%. Additionally, influenced by recovery of edible mushroom export drawback policy, Agricultural products achieved almost 20 million USD narrowing its decrease. Hence, it means export of agricultural products is recovering gradually in Shiyan.

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