Recently, in Zhejiang Minglong Holdings Co., Ltd. production workshop, workers are stepping up production of foreign trade orders. At present, the company is mainly concentrated in Europe and the United States, the Middle East and Southeast Asia, the steady growth of foreign trade business, the number of orders gradually increased, the operating conditions continue to improve.

In the first half of 2010, with the gradual recovery of the global economy, the city’s foreign trade has also continued its rapid recovery growth since the end of last year. In the first half of the year, the city’s total import and export volume reached US$1.33817 billion, an increase of 58% year-on-year, including exports of US$8333.2 million, an increase of 39% year-on-year, and import of US$5.4435 billion, an increase of 102% year-on-year. Moreover, the city’s import, export, export, and import indicators maintained an increase of more than 30% for five consecutive months, and the absolute value of imports and exports for the third consecutive month hit a historical high for the third consecutive month, compared with the first half of 2008 before the financial crisis. Imports, exports, imports and imports increased by 8%, 2% and 17%, respectively, indicating that the city’s foreign trade has basically recovered to its pre-crisis level.

In foreign trade, large enterprises in the city still occupy the dominant position in the city's exports, and the concentration of export companies further increases. In the first half of the year, the city’s top 20 export-oriented enterprises exported a total of US$434.66 billion, an increase of 49% year-on-year, and the export share increased from 50% in the same period last year to 52%. Fifteen enterprises maintained positive growth, and the exports of eight companies, such as “Huayue Cobalt Industry”, “Polytech”, “China Chichi Chemical Fiber” and “Zhongxin Chemical Fiber”, have doubled. The city's nine major export categories all achieved year-on-year growth, and the export growth rates of pharmaceutical intermediates such as pharmaceuticals, plastics and rubber products, mechanical and electrical products and textiles were all above 40%.

However, the growth rate of exports of traditional products such as clothing, footwear, and suede lags behind other commodities. The slow pace of recovery of traditional merchandise exports is partly due to the fact that the European Union accounts for nearly half of the city’s apparel exports, but the exchange rate of the euro has fallen sharply since the beginning of this year, which in turn has reduced the value of clothing exports in United States dollars. At the same time, the sharp fluctuations in the exchange rate have caused some Corporate orders are more cautious. On the other hand, the "labor shortage" that has emerged this year has caused some companies to start underemployment, which has affected exports to some extent.

“Although the increase in imports and exports in the first half of the year was relatively large, this was achieved on the basis of the global economic downturn, the drop in the prices of import and export commodities, and the low base of foreign trade in the same period last year.” Zhang Haiming, Head of the Foreign Trade Section of the Foreign Trade and Economic Cooperation Bureau, analyzed. On the whole, the current foreign trade of our city is still at a stage of recovery growth. Due to the certain lag in the impact of the European debt crisis and the depreciation of the euro, the negative impact has not yet emerged. At the same time, the appreciation of the renminbi, rising prices of raw materials, rising labor costs, and the rise of global trade protectionism have all caused uncertainties. It is expected that the growth rate of foreign trade exports will gradually slow down in the second half of the year, and the overall foreign trade trend for the whole year will be It is "before high and low."