July 2007 broke out in America's subprime crisis, to the American economic developemnt causing disastrous loss, etc, while also through the global financial conduction mechanism, the rapid propagation, spread to other mature and emerging market economies. Developed countries jointly taken interest rates of monetary policy and to financial institutions into a large amount of money to a series of measures and ways to ease the subprime crisis caused by the international monetary tightening situation. Today, the us subprime mortgage crisis may be moderate, but global economic form is still severe, the its profound impact are increasingly prominent. It is not just the global economy, the subprime crisis also in to the car, transportation, the international energy field and other economic entity fields spread. Our country as emerging market economies, the inevitable in foreign trade, the stock market, overseas investment etc by the influence of different level. Based on financial risk financial crisis theories as the foundation, study the subprime crisis to our export trade influence, promote the domestic financial system reform, but also on macroeconomic adjustment immediate effect. This paper is divided into four parts: The first part is the financial risk and financial crisis of basic theories. Mainly system elaborated the subprime crisis, the definition, cause, conduction mechanism, and the consequences, based on the theory of financial crisis to research and analysis. The second part is a summary China's export trade status, use the relevant international trade theory analysis of China's export trade advantages and disadvantages. The third part analysis the subprime crisis to our export trade influence, The fourth part to dig deeper into the subprime crisis lessons. Keywords: the subprime crisis; Financial risk, Export trade