2023-09-20 11:31:25

The latest developments in the foreign trade market

In a blink of an eye, the "uncertain" 2022 has become history. In this year, the world's major changes unseen in a century have accelerated. Although there are many difficulties, China's foreign trade has withstood the pressure and achieved stable growth.

 

In any case, many large and small foreign trade companies have finally persevered in this three-year environmental turmoil. Now that the epidemic is open, the domestic epidemic policy has undergone three years of changes, and no strict prevention and control measures have been taken. For our foreign trade enterprises, it can be described as a major benefit.

 

Affected by cost-push inflation and economic recession expectations, the downward pressure on the global economy and trade will increase in 2023.

 

In the short term, the game of great powers is accelerating its entry into the energy and technology fields, and the kinetic energy driven by consumption is gradually stalling. The weakening of external demand will directly lead to the transfer of my country's foreign trade orders, the slowdown of import and export growth, and even the restructuring of some international industrial chains and market share. However, in the long run, the advantages of my country's strong supply chain resilience and complete industrial chain still exist, and the fundamentals of China's economic potential, vitality, and long-term positives outweighing short-term negatives remain unchanged.

The opening of the country has enabled domestic and foreign suppliers and customers to establish offline communication, and foreign trade companies of all sizes will eventually see the moon and the moon.

 

· Traffic recovery
During the period of epidemic control, transportation was blocked, domestic prevention and control measures became stricter, and flight suspensions, dock closures, and border blockades have become the norm, resulting in blockages in international freight; resulting in a large number of cancellations or sharp reductions in orders. Due to the opening up of the epidemic, domestic transportation will also quickly return to normal operations, foreign trade companies will have many opportunities to go abroad to participate in offline exchanges, and establish more offline exchanges with suppliers and customers. Most foreign trade export companies The situation where orders are canceled or reduced will gradually improve.

 

· Transportation recovery
With the spread of the epidemic, measures such as traffic control and delays in resumption of work adopted at home and abroad will gradually alleviate the impact of raw material prices, labor costs, logistics, etc., and issues such as order transaction cycle, completion rate and cost will basically rebound.

 

· Supply chain recovery
Upstream and downstream coordination is not smooth; raw materials are in short supply, prices are rising, and supply cycles are lengthening, especially the manufacturing industry is facing severe challenges; and a strong supply chain system is one of the important advantages of my country's foreign trade. With the complete liberalization of policies, the resumption of work of enterprises The resumption of production will gradually resume, and our super strong supply chain will gradually recover, and the trend will gradually improve.

 

In addition, 2023 is the second year of RCEP implementation, and the tariff reduction bonus and trade facilitation will continue to strengthen. In 2022, my country will import and export 12.95 trillion yuan to the other 14 member countries of RCEP. Entering 2023, as the RCEP parties further implement the agreement’s opening commitments, the regional economic and trade potential is expected to be further stimulated and make greater contributions to the recovery of the global economy and trade.

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