As a boy, I used to like electric toys like Transformers when I was a child. Of course, electric toys have always been a very popular market. China’s Shantou is a region with a large export of electric toys in China. According to the report, the latest year The export of Shantou electric toys is obviously growing at a large rate, which shows that the Chinese toy market is constantly improving.
Shantou actively implements the strategy of opening up and driving development, tries every means to expand import and export, expand investment, and strive to become a bigger and stronger foreign economy. This year, foreign trade and economic cooperation continues to show a good development trend. The latest statistics show that from January to July this year, the city's total import and export volume was 3.359 billion US dollars, an increase of 12.82%. Of this total, exports were 2.145 billion US dollars, an increase of 14.65%; imports were 1.214 billion US dollars, an increase of 9.72%. The city has newly approved 27 foreign direct investment projects, and the cumulative contract absorbed foreign direct investment of 198 million US dollars, an increase of 31.7%; the actual absorption of foreign direct investment amounted to 93.36 million US dollars, an increase of 10.5%.
The export of mechanical and electrical products has been encouraged and supported by the state because of its high technical content and added value and relatively small impact on trade barriers. Shantou has taken measures to vigorously adjust the structure of export products in response to the unreasonable structure of export products and the export of traditional products such as textiles and garments. In recent years, it has achieved certain results. The export of mechanical and electrical products ranks first in the city for export products for several consecutive years. In the first seven months of this year, the cumulative export was 612 million US dollars, an increase of 17.25%, accounting for 28.53% of the city's total exports. Shantou's current export of mechanical and electrical products mainly include auto parts, electronic products, electric toys, optical discs, food packaging machinery, and hardware. Followed by clothing, the first seven months of this year, the cumulative export of 446 million US dollars, an increase of 18.6%, accounting for 20.8% of the city's total exports. The fastest growing is high-tech products. Although the total export value is only 120 million US dollars, it has increased by 74.82% over the same period of last year. Secondly, the export of toy products has also increased by 44.51% to reach 177 million US dollars.
Judging from the overall situation, Shantou’s foreign trade exports have grown steadily this year, and the growth rate in the second quarter is relatively fast. Private enterprise exports maintained a strong growth momentum, with a cumulative export of 881 million US dollars, an increase of 22.23%. The major exporting countries and regions are Hong Kong, the United States, the European Union, Japan, etc., with the largest increase in exports from the US market.
The import growth rate of Shantou was slower. The growth rate in June was good. In July, the monthly import was US$168 million, an increase of 16.82%. In the first seven months of this year, private enterprises imported 468 million US dollars, an increase of 20.43%. From the perspective of imported product structure, the number of mechanical and electrical products and high-tech products was relatively large, 353 million US dollars and 104 million US dollars respectively. The bulk imports of plastic raw materials, textile machinery, textile yarns and styrene all maintained double-digit growth.
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