Leather Products Industry Maintained Stable Development In The First Quarter Of 2008

In the first quarter of 2008, the export growth rate of China's leather industry dropped slightly compared with the same period last year, but production still maintained a relatively high growth, and the linkage between production and marketing was good, and the economic efficiency was stable.

In the first quarter of 2008, the total industrial output value of all state-owned enterprises and annual sales income of more than 5 million yuan, and those of non state leather, fur and products enterprises (hereinafter referred to as above scale enterprises) were 110 billion 900 million yuan, an increase of 22% over the same period last year, accelerating by 1 percentage points, 98% of the production and sales rate, 0.1 percentage points lower than the previous year; the output value of new products accounted for 3.5% of the total industrial output value, 0.3 percentage points higher than that of last year; the sales profit margin of products was 4.3%, which was equal to that of the same period last year; export value accounted for 40.6% of sales value, and decreased by 5.3 percentage points over the previous year.

In the first quarter of 2008, exports of leather, fur and products were 8 billion 940 million and US dollars, an increase of 6.9% over the same period last year, the growth rate slowed down 4.5 percentage points, and imports of US $1 billion 230 million, an increase of 2.6% over the same period last year, slowing down 16.5 percentage points.

The surplus of imports and exports is US $7 billion 710 million, which accounts for 18.6% of China's total trade surplus, a decrease of 7.2 percentage points over the same period last year.

Looking forward to 2008, the main market of China's leather products has entered a recession. The domestic CPI is still high, the money is tight, the RMB appreciation rate is accelerating, and all kinds of costs continue to rise.