General

The foreign trade industry has been in dire straits in recent years, facing the tide of Amazon store closures, Paypal account closures, and the conflict between Russia and Ukraine, which have brought a lot of pressure to all walks of life. At present, many people are pessimistic due to recent negative news such as layoffs, production stoppages, and closures. But totally unnecessary! Judging from China's overall economic import and export data, it still maintains a good growth trend! Especially in the context of the declining performance of many leading manufacturers and brands, there will definitely be some demand flowing into small and medium-sized enterprises. Isn't it an opportunity?

1. my country's foreign trade import and export data soared by 10.4%!

According to the import and export data, in the first seven months of this year, the total value of my country's foreign trade import and export was 23.6 trillion yuan, a year-on-year increase of 10.4%! Among them, exports were 13.37 trillion yuan, a year-on-year increase of 14.7%; imports were 10.23 trillion yuan, a year-on-year increase of 5.3%.

2. B2B has become the next cross-border growth point!

A few days ago, Statistics Canada released the wholesale trade data for May, achieving sales of 81.1 billion Canadian dollars, an increase of 11.7% year-on-year; a month-on-month increase of 1.6%, the 8th increase in the past 10 months. Among them, the food, beverage and tobacco industry sales of 14.7 billion Canadian dollars, an increase of 7.8%, while the machinery, equipment and supply industries also increased.

Import and export data show that in China's cross-border e-commerce transaction model in 2021, cross-border B2B transactions will account for nearly 80%! In recent years, under the background of the continuous increase of input-output ratio, many factories and brands have chosen to join emerging platforms to find opportunities, and the most eye-catching one is known as the "troika" of foreign trade in 2022, together with Tiktok and Shopee. FOBGOODS platform now. Since its launch, it has alleviated some of the order vacancies of many merchants, and the new business model has undoubtedly brought new opportunities for cross-border B2B!

3. Reasonable assessment of risks! Inflation rates in many countries hit record highs!

According to a joint announcement by the Monetary Authority of Singapore and the Ministry of Trade and Industry, the country's headline inflation rate was 6.7% in June and core inflation was 4.4%, both reaching the highest levels since September 2008. Among them, services, food, retail goods, and electricity and gas bills saw the biggest price increases.

Import and export data show that, coincidentally, US inflation hit a 40-year record! The U.S. CPI rose 9.1% year-on-year, higher than market expectations and breaking the record in nearly 40 years. Among them, gasoline, housing and food prices rose the most, indicating that the cost of living for the American people is rising. On July 29, local time, preliminary estimates released by Eurostat showed that the annual rate of inflation in the euro zone reached 8.9% in July, continuing to hit a record high, and the previous value (June) was 8.6%.

The country is vigorously supporting Chinese brands to go overseas. In the process of manufacturing in China, the construction of the Belt and Road Initiative and RECP, we have also seen many brands similar to SHEIN and Anker emerging one after another. Facing the future, which directions do you think we can seize?