Japan'S Strong Earthquake And Tsunami&Nbsp& Nbsp; Zhejiang Textile And Garment Exports May Suffer

　　 Japan Strong earthquake and trigger tsunami , causing great damage to the country's economy. As one of the world's largest industrial countries and exit The impact of the earthquake on the world economy and industry in Japan, a major country, can be seen.

Overall, it has little impact on China's economy

From the incomplete information analysis at present, it can be judged that the earthquake will not have a great impact on China's economy.

The earthquake is not fatal to the Japanese economy. The earthquake occurred near the sea near the northeast of Honshu Island, not on the land of core economic zones such as Tokyo or Osaka. Compared with the 1995 Banshen earthquake, this earthquake may have less damage and impact on the economy.

The earthquake has a wide impact on China's economy, but the overall impact is small. Japan is the third largest trading country in China, and has extensive and close economic ties with China, which will inevitably have an impact on China's economy. However, due to China's large trade deficit with Japan, in 2010, China's exports to Japan were $121.06 billion, imports were $176.71 billion, and the trade deficit was as high as $55.65 billion. Therefore, for China, Short term supply shortage will have some impact.

After the earthquake, Japan may further loosen its monetary policy to further ease the international monetary environment, which will undoubtedly increase inflationary pressure. From the perspective of the financial market, Japanese insurance companies will sell international financial assets to raise insurance claims, and the yen may return periodically, leading to short-term decline in the international stock market and short-term appreciation of the yen. From the perspective of commodities, the short-term decline in demand may lead to a decline in prices, but in the long run, the rising trend of commodity prices will not be changed due to the increase in reconstruction demand.

Exports of textiles and clothing may be impacted

As far as the impact of specific industries is concerned, the Japanese earthquake will directly affect the industries that China needs for export products, such as textile and clothing, agricultural products, etc.

Wang Dingying, vice president of Ningbo Taipingbird Group and general manager of Taipingbird Import and Export Company, said that she was receiving customers when she got the news of the earthquake in Japan. She immediately asked the salesperson to contact the customer, but many of the phones had been blocked.

Taipingbird's annual export is nearly $100 million, of which the Japanese market is about $67 million annually, accounting for about 8%. The market has been very stable. On the day of the earthquake, two batches of goods just went out, and there has been no news so far. "It is not clear how the loss will be, but we have insurance," said Wang Dingying.

"It doesn't matter if there are large container ships on the sea. The most worried thing is that the tsunami will hit the wharf, and the cargo ship will not be able to land or will be swallowed up directly." Last night, Mr. Pan, the sales person of China Shipping Japan Line, talked most about the Japanese earthquake.

"A batch of goods just shipped last Friday, from Ningbo to Kanto, should arrive at the port on this Monday." Mr. Pan is a little worried, because Kanto Port is a severely damaged port. Yesterday, he kept calling and emailing customers to see if the goods were lost.

In addition, many foreign trade companies are worried about the aftereffects of the earthquake on the market. Zhejiang Xinda Group's annual export value is 500 million dollars, of which the Japanese market accounts for nearly 1/3, mainly clothing and bedding. "Fortunately, it is the off-season for shipment recently, which has little impact, but the psychology of the next step is still not clear," said Jiang Yimin, the head of the group.

According to the analysis of Zhejiang Provincial Department of Commerce, in the short term, the Japanese earthquake may have a certain negative impact on the export of Zhejiang foreign trade companies, but because the number of exports to Japan is small, the impact is limited. On the other hand, when short-term demand is suppressed, there will be a need to replenish inventory. In the medium and long term, due to the earthquake damage in Japan, there is a great demand for post earthquake reconstruction. Relevant companies may get more orders from Japan, but it will take time to prove this. {page_break}

However, the Japanese earthquake has little direct impact on China's textile and clothing listed companies.

Logistics is under pressure of price rise

According to Jiaxing Customs, a batch of cargo ships bound for Kansai, Japan, have arrived at the port safely, while those bound for Kantung have not yet docked at the scheduled port. "Now the feedback is that several ports in western Kansai are very busy, and the goods have been detained to varying degrees," said a relevant person from Jiaxing Customs.

In addition to worrying about the safety of goods, many freight forwarders and foreign trade companies are also worried about whether the later shipping costs will rise. "It is not ruled out that the price of some routes may rise due to risk factors." The sales manager of another large shipping company in Ningbo expressed his concern. It is understood that the end of March every year is the financial settlement month for many Japanese companies, and it is also reasonable for the Japan Airlines Association to issue relevant emergency surcharges before that.

Yiwu, as a logistics center, many goods to Japan are transported by sea. It is learned from several large logistics companies in Yiwu that the port of Sendai is not a business cluster and has little impact on the logistics industry in Yiwu at present.

Jin Xufeng, the general manager of Yiwu Jinlong International Freight Forwarding Co., Ltd., said that Yiwu's shipping to Japan was mainly concentrated in Tokyo, Osaka, Nagoya and other cities and ports, and was basically unaffected by the transportation through the East China Sea. It is reported that few Japanese traders in Yiwu are near Sendai, and there are only two companies. "At present, the communication between the relevant representatives of these two companies has been interrupted, and they can not be contacted, and the company has no backlog of goods shipped to this port."