Foreign trade exports pick up business is still difficult to do existing enterprises "go to sea to grab orders"


Since the beginning of this year, China's two major foreign trade centers, the Pearl River Delta and the Yangtze River Delta, have been affected by the epidemic, but the foreign trade industry still shows strong resilience, in May this year, China's export data recovered beyond expectations, exports 1.98 trillion yuan, an increase of 15.3%, becoming a bright color in the shadow of the epidemic in China's economy. In particular, the export data of high value-added products such as automobiles and mobile phones are bright, showing that the upgrade of the export structure is accelerating.

But at the same time, some of the orders to Southeast Asian countries have been discussed. It cannot be ignored that the current situation of foreign trade is complex and changeable, and some foreign trade enterprises have declining orders, rising costs, and falling profits.

According to Yunqi Capital estimates, Europe, the United States, Japan and South Korea in the shoes and clothing, furniture, motor, communication category of the four categories from China a total of about 72 billion US dollars a year to transfer orders, accounting for about 16.3% of the corresponding category of exports to Europe, the United States, Japan and South Korea. Vietnam, Malaysia, Thailand, Indonesia and the Philippines received about 53 billion U.S. dollars in orders, of which Vietnam received about 45 billion U.S. dollars in orders. However, while accepting orders, Southeast Asian countries have also expanded imports of raw materials and spare parts from China, and China's supply chain advantages are still obvious.

"China could become the world's number one exporter of cars." Xiang Songzuo, a famous economist and president of the Guangdong-Hong Kong-Macao Greater Bay Area Financial Research Institute, said in an interview with a Securities Times reporter that China's status as a manufacturing power will not be replaced by Vietnam, India, etc., but the current need to resume the normal management of international exchanges as soon as possible.

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Foreign trade exports pick up business is still difficult to do existing enterprises "go to sea to grab orders"

Since the beginning of this year, China's two major foreign trade centers, the Pearl River Delta and the Yangtze River Delta, have been affected by the epidemic, but the foreign trade industry still shows strong resilience, in May this year, China's export data recovered beyond expectations, exports 1.98 trillion yuan, an increase of 15.3%, becoming a bright color in the shadow of the epidemic in China's economy. In particular, the export data of high value-added products such as automobiles and mobile phones are bright, showing that the upgrade of the export structure is accelerating.