Power tools are the first major export commodities in Jinhua, but this boss has not been good in the past three years. Due to the European debt crisis and the slow growth of the US economy, both the number of exports and the amount of money have dropped significantly. However, this phenomenon has now improved.
According to the statistics of Jinhua Entry-Exit Inspection and Quarantine Bureau, from April to May 2013, the export of power tools in Jinhua area was 4533 batches, with a value of US$162.63 million. The batch and amount increased by 17.4% and 12.4% year-on-year. Growth, the export situation bottomed out.
The staff said that the European and American markets are still weak, but the demand in emerging markets is strong, Russia has become the country with the largest export value, and Southeast Asian countries have also increased a lot.
In addition, in recent years, Jinhua's related enterprises have updated their automation equipment and improved their production processes. In particular, the brand awareness of key key enterprises has increased, and they are no longer blindly exporting. The independent brands have entered the mainstream markets in Europe and America.