Foreign Trade Enterprises Orders Rebound, Profits Are Not As Good As In Previous Years, What Are The Reasons?

With the arrival of the peak season of foreign trade, a series of exhibition and trade fair intensive opening. mid to late October, in addition to the 2023 autumn Canton Fair, Hong Kong, Shenzhen and Yiwu and other places have opened gifts, toys, electronics and other areas of the international exhibition. Foreign trade people also turn to many places, "see the needle" to grasp to get orders.

For the foreign trade people, after last year's trough, the number of orders this year, the general year-on-year rebound, which makes them busy not only in the exhibition, get orders, the supply side of most of the state in the rush. Whether it is the Canton Fair or the Fair, the international businessmen to come to the inquiry, the flow of customers, so that the exhibition site looks like a fire.

However, in the face of the complex and severe external environment and multiple domestic challenges, China's foreign trade is still under pressure. Behind the scene of the fire, different foreign trade people's feelings there is a big difference, and the relatively common concern is that, although the number of orders has rebounded, profits are not as good as in previous years.

According to the data released by the General Administration of Customs on October 13, in RMB, the first three quarters of this year, China's total import and export value of 30.8 trillion yuan, a slight decrease of 0.2% year-on-year. Among them, exports were 17.6 trillion yuan, up 0.6% year-on-year, and imports were 13.2 trillion yuan, down 1.2%.

Compared with the data of the previous eight months, the growth rate of the total value of imports and exports continued to be negative, with the rate of decline expanding slightly from 0.1% to 0.2%, and the growth rate of exports shrinking slightly by 0.2 percentage points.

From a single month, September's foreign trade decline has been a significant contraction. Among them, the total value of imports and exports in September fell by 0.7% compared with last year, exports and imports fell by 0.6% and 0.8%. September imports and exports rose by 4.3% compared with the previous month, has been ringing the second consecutive month of growth, the scale of the year's single-month high. Meanwhile, exports and imports grew by 5.5% and 2.7% respectively in September from the previous month.

Corresponding to the overall data and trends, is actively exploring the market in the exhibition of foreign trade people have ushered in most of the order recovery. Increase or decrease is not unrelated to the base of different periods last year, but the market is warming up is the majority of foreign traders in the front line of the feeling, but also for them to rivet, make full use of the exhibition to get orders injected into the power.

Although the total number of orders than last year has rebounded, but compared with the peak of previous years, is still in the recovery stage. Foreign trade people relatively common "body feeling" is that this year's overall profit is not as good as last year. This has become China's import and export data stabilized under the foreign trade people's feelings are still not so optimistic about the important reasons.

General Administration of Customs Statistics and Analysis Division Director Lv Daliang said at a press conference held by the State Council Information Office on the 13th, the unstable momentum of the world economic recovery is still the biggest challenge to exports, and China's comprehensive competitive advantage in exports is still solid.

China Customs Trade Prosperity Statistics Survey results show that in September, reflecting the export orders remain stable or increase in the proportion of enterprises in August to improve 0.8 percentage points, the proportion of enterprises expressed optimism about the future of exports increased by 1.3 percentage points. Overall, the policy, enterprise efforts, all parties work together, exports in the fourth quarter is expected to continue to consolidate the momentum of stabilization and improvement.

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