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US
Dollar Exchange Rates of 30th Mar. 2008
China Yuan
7.012
Report from China
China NTFP exports chalked up hefty gains in 2007
According to statistics from China Customs, China¡¯s
exports of grass, willow, bamboo and rattan products
(Customs code: 4601 and 4602) rose in value 22% in 2007
to about USD1.6 billion. Their volume grew 11% to 616
million tons. The unit price increased about 10% to
USD2.6 per ton. The export value of grass, willow,
bamboo and rattan products processed with imported
materials grew 5% to USD73 million. The export volume
rose 2% to 34 million tons. In 2007, the EU was the
largest destination market, most exports originating from
private enterprises in Shandong, Guangdong and Zhejiang
Provinces.
The export value of grass, willow, bamboo and rattan
products to the EU rose to USD510 million, making up
32% of exports. The export value to the US rose 16% to
USD310 million, while the export volume to the US
increased 4% to 100 million tons. The export value to
Japan rose only 1% to 112 million tons. The export value
to Hong Kong, SAR fell 19% to USD152 million.
Private enterprises augmented their share of outputs of
grass, willow, bamboo and rattan products in 2007 to 34%
or USD690 million. The volume from private enterprises
grew 23% to 265 million tons, representing 43% of
exports. The value of exports of grass, willow, bamboo
and rattan products from state-owned enterprises jumped
12%, but their volume fell 3%.
Finally, Shangdong, Guangdong and Zhejiang provinces
were the three most important provinces exporting grass,
willow, bamboo and rattan products. Shandong Province,
which ranked first, produced products worth USD436
million and its volume grew 15% to USD137 billion tons.
Guangdong Province ranked second in terms of exports,
while Zhejiang Province ranked third.
EU is largest market for Shandong furniture exports
According to statistics from China Customs, 2007
furniture exports through Shangdong Port rose rapidly, up
25% to USD1.07 billion. Of the total, the EU¡¯s share of
exports grew 32% to USD333 million, making up 31% of
the total value of exports from Shangdong Province and
exceeding the US¡¯s share. Shandong furniture exports to
the US, Japan and South Korea rose 24%, 9% and 20% to
USD329 million, USD140 million and USD130 million
respectively. Shangdong exported 87% of its furniture to
the EU, the US, Japan and South Korea in 2007.
Furniture exports through Kunshan City valued at USD477 million
The Kunshan City Entry-Exit Inspection and Quarantine
Bureau said the value of furniture exports in Kunshan city
was USD477 million, representing 9% of the national
total. Kunshan City is located on the Yangtze River Delta
and is the east gate of Jiangsu Province. Kunshan furniture
enterprises export to the US, EU, Canada, New Zealand,
Japan, Singapore and Taiwan, SAR. There are 12 furniture
enterprises in Kunshan City that have an annual value of
exports exceeding USD10 million. Most furniture
enterprises in Kunshan are original brand manufacturers
(OBM). They manufacture international brands such as
Royal Garden and Furnishing, HTL, GoodBaby and
Senco. Three furniture enterprises have created their own
brands and sold their products in the domestic market
since 2007. About 15 furniture enterprises were
established in 1993. Since that time, the US, South Korea,
Hong Kong and Taiwan SAR have opened factories in
Kunshan City and manufacture various categories of
products.
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