China’s leather exports down 37.9% in 2007
China’s leather exports declined 37.9% year-on-year to 113,000 tons in 2007, mainly attributed to the government’s policy to restrict the leather export, according to the General Administration of Customs on Sunday.
The value of the leather exports in 2007 declined 33.1% to US$1.18 billion. Of the total sales, 62%, or 70,000 tons of the leather were made up by foreign-funded companies. 91.3% of Chinese mainland’s leather was exported to Hong Kong, the European Union, ASEAN members and the Republic of Korea.
In 2006, the country prohibited the imports of rawhide for re-export processing and discontinued export rebates for leather, in a bid to protect the environment and conserve resources.
In April 2007, China began to forbid leather processing trade, which made the year’s leather sold abroad in processing trade declined 41.7% to 76,000 tons, accounting for 67.1% of the country’s total leather exports. The proportion was down from 87.3% in 2005.
Tags: export, exports