General

Foreign trade orders fell "precipitously"? Here comes the real data. Since 2023, the situation of the epidemic situation has improved rapidly, but it is surprising that there have been reports that foreign trade orders have declined "precipitously". According to industry insiders, foreign trade orders have declined by about 40%. Major major ports such as Shanghai Port, Guangzhou Port, Ningbo Port and Shenzhen Yantian Port have piled up empty containers, and traditional export manufacturing bases such as the Yangtze River Delta and the Pearl River Delta have seen a rapid decline in labor demand and wages, Enterprises have changed from the difficulty of recruitment in previous years to the current surplus of employment. Some enterprises even shouted at the recruitment site, "Those who were 86 years ago can go".

The situation of the foreign trade industry is not optimistic, but what is the official real data like? On March 7, the data of foreign trade orders released by the General Administration of Customs showed that in the first two months of 2023, the total import and export value of China's goods trade fell by 0.8% year-on-year to reach 6.18 trillion yuan, of which the export increased by 0.9% to 3.5 trillion yuan, and the scale reached a record high in the same period; Imports fell 2.9% to 2.68 trillion yuan, and the trade surplus expanded 16.2% to 810.32 billion yuan.

Foreign trade orders fell "precipitously"? Here comes the real data. From the data released by the General Administration of Customs, it can be seen that the overall foreign trade situation is relatively resilient, the export has achieved positive growth, the overall has achieved a stable start, and continues to play a supporting role in the economy. The data also shows that the import and export scale of ASEAN reached 951.93 billion yuan, which is China's largest trading partner, with a year-on-year increase of 9.6%, accounting for 15.4% of China's total foreign trade.

The overall resilience of the foreign trade situation is strong, but what we need to pay attention to is the transfer of some foreign enterprises' industrial chains to Southeast Asia, which is indeed the market law of economic development. After all, the labor costs of Southeast Asia and India are far lower than those of China. With the continuous improvement of infrastructure in these countries, it is bound to attract the transfer of labor-intensive industries.

In addition, it is reported that Foxconn plans to invest US $700 million to build a new factory in India. Analysts predict that Apple's share of iPhone assembly in India may increase from less than 5% to 10-15%. Apple industry chain is crucial to the development of China's science and technology industry. The transfer of Apple industry chain needs to be paid enough attention.

Foreign trade orders fell "precipitously"? Here comes the real data. In 2023, as the Russia-Ukraine conflict continues to worsen, the world economy will face a greater test. As the largest source of China's trade surplus, the U.S. market is crucial to China's foreign trade industry. Every year, China's trade surplus with the United States will be as high as $300 billion to $400 billion. If the Sino US relations continue to deteriorate, the impact on China's foreign trade industry will gradually emerge, and the test of the foreign trade industry will become more and more serious. Of course, we also need to develop domestic demand market and expand domestic demand, but the position of foreign trade industry cannot be replaced.