General

The "Export Trade (B2B) Index Report of Small, Medium and Micro Enterprises in the First Three Quarters of 2022" jointly released by the Commercial Industry Committee of the China Council for the Promotion of International Trade and XTransfer on November 9 shows that in the first three quarters, the collection volume of China's small, medium and micro international trade enterprises increased by 12.8% year-on-year. %, slightly higher than the 12.5% year-on-year increase in national export volume released by the General Administration of Customs. In the first three quarters, China's international trade has achieved steady growth in a complex environment; at the same time, the collection volume of China's small, medium and micro foreign trade enterprises has continued to increase, and the competitiveness of enterprises has steadily improved.

The report pointed out that since the beginning of this year, the global economic growth has slowed down, and inflationary pressures in some economies have further intensified; the new crown pneumonia epidemic has continued to invade, and many key foreign trade cities in China have been affected by the epidemic; The decline in demand has brought risks and challenges to foreign trade exports. Nevertheless, there are many favorable factors to support China's foreign trade to withstand the pressure and achieve steady growth.

Foreign trade export is expected to achieve new breakthroughs

The "China's Foreign Trade Export Leading Index in the First Three Quarters of 2022" contained in the above report shows that in the first three quarters, the index has increased compared with the same period in 2021, demonstrating the resilience and flexibility of China's small, medium and micro foreign trade enterprises in the face of external pressure sex. In the fourth quarter, although there are still many uncertainties in the external environment, there are also favorable factors such as the continuous implementation of bailout policies for enterprises and the improvement of resilience of international trading companies through digital means to support the high-quality development of foreign trade exports. Considering that the fourth quarter is the peak season for global seasonal consumption, the report predicts that China's foreign trade exports are expected to continue to achieve new breakthroughs during this period.

According to the above report, under the severe and complicated foreign trade environment, China's small, medium and micro foreign trade enterprises not only got off to a steady start in the first quarter, but also quickly reversed the index decline caused by the frequent outbreaks of the epidemic in the second half of the second quarter. Entering the third quarter, under the influence of many factors such as intensified inflation and currency depreciation, overseas demand slowed down. In addition, July and August coincided with the summer holidays of my country's major export destinations such as Europe and the United States, and the relevant indexes fluctuated to a certain extent. Compared with the same period last year, it still showed a positive growth trend.

"On the one hand, my country's traditional advantages such as a complete manufacturing system, complete supporting facilities, and high cost performance have played a supporting role in the rise of the leading index; Advantages, actively seeking changes. For example, some companies develop new customers by building independent websites, social platforms, search engine marketing, etc.,” the report said.

Facing the challenge of the epidemic, my country continued to promote the overall planning of epidemic prevention and control and economic and social development, and introduced a series of policies to stabilize foreign trade, creating a good environment for international trade exports. The governments of Zhejiang, Guangdong and other places arrange business jets to fly overseas to enhance exchanges between enterprises and foreign businessmen; the governments of Jiangsu and other places actively hold online matchmaking meetings, inviting small, medium and micro foreign trade enterprises and overseas buyers to participate in online exhibitions to help enterprises Speed up the pace of going to sea...

Affected by this, in the first three quarters, North America, the European Union, and ASEAN became the top three destination regions for the collection volume of small, medium and micro foreign trade enterprises in China. Among them, the collection volume of China's small, medium and micro foreign trade enterprises increased by 23.6% year-on-year to ASEAN countries, and increased by 10% year-on-year to North American countries. In the context of the weakening of the euro and the slowdown in European demand growth, the continued high prosperity of my country's exports to ASEAN and North America has become an important driving force for the steady improvement of exports.

At the same time, China's small, medium and micro foreign trade enterprises can adjust their strategies more quickly by virtue of their own flexibility, dare to jump out of the comfort zone, and actively expand into emerging markets such as Africa and Latin America. From the perspective of the proportion of collection volume, Africa increased by 15.5% compared with the same period last year, and Latin America increased by 11.7%. This reflects the increasing number of trading partners of China's small, medium and micro international trading enterprises, and the further optimization of overseas market layout.

The above report believes that, as China's largest trading partner, the cooperation between ASEAN and China's industrial chain supply chain is deepening, and there is a certain complementary relationship. Provided strong support.

In addition, in the first three quarters, my country's automobile exports increased by 55.5% year-on-year. "China has become the world's second largest automobile exporter, which has significantly boosted the export of automobiles and other transportation equipment spare parts. Small, medium and micro foreign trade enterprises have therefore become an important supplementary force behind it," the report said.

The competitive advantages of small, medium and micro enterprises are highlighted

According to the "Competitiveness Index of China's Small, Medium and Micro Foreign Trade Enterprises in the First Three Quarters of 2022" included in the report, the competitiveness of China's small, medium and micro foreign trade enterprises has steadily improved over the same period. The report believes that Chinese small, medium and micro foreign trade enterprises are actively expanding new channels and new customers while strengthening their technical level and service capabilities, making their advantages in international competition more diverse and significant. It is expected that in the fourth quarter, China's small, medium and micro foreign trade enterprises will continue their previous excellent performance.

The "Competitiveness Index of China's Small, Medium and Micro Foreign Trade Enterprises in the First Three Quarters of 2022" conducted a comprehensive evaluation from three dimensions: buyer trust, product attractiveness, and export operation efficiency. The report found that at the beginning of 2022, the above-mentioned competitiveness index continued the momentum at the end of 2021, and remained stable as a whole; from March to April, despite frequent domestic epidemics, it did not have much impact on the competitiveness index. From May to June, as the epidemic was effectively controlled, the competitiveness index rose rapidly, and reached the highest point in the first half of the year in June; from July to September, due to the slowdown in overseas demand and my country's main export purpose Influenced by factors such as local summer holidays, the competitiveness index fluctuated slightly; however, as the transportation costs and other issues that have plagued small, medium and micro foreign trade companies have been alleviated to a large extent since the outbreak, the operating efficiency of enterprises continued to improve, and the competitiveness index rebounded. And reached the highest point in the first three quarters in September.

The report pointed out that in the first three quarters, the frequent occurrence of domestic epidemics did not have much impact on the competitiveness index. The survey shows that China's small, medium and micro foreign trade companies are actively improving their digitalization level and trying to resolve the negative impacts of overseas exhibitions and offline transactions brought about by the epidemic; risk capacity.

Although the international situation is complex and changeable, while actively responding to the challenges brought by the external environment, China's small, medium and micro international trading enterprises also take the initiative to examine themselves and continuously improve their core competitiveness, thus turning crisis into opportunity. The survey found that small, medium and micro foreign trade enterprises are gradually leapfrogging the development stage of price competition. By improving product technology content, building brand influence, strengthening service capabilities, innovation capabilities are continuously enhanced, and new international competitive advantages are gradually formed.