Towards the end of the year, foreign trade orders are now rebounding, or will basically return to 2019 levels!

Date:

2023-12-29

Recently, according to the analysis of the small commodity index network, the price index fell slightly in the second week of December, and offline transactions were hot, driving up the on-site trading price index and export trading price index. The popularity of military coats has brought about a sales boom that has led to the production of related clothing accessories and accessories. In addition, skin care and beauty products, sanitary and cleaning daily necessities and other products are also sold in the market.
Foreign trade performance increased year-on-year
The reporter randomly visited 8 merchants and learned that this year's performance has increased year-on-year. A shopkeeper who specializes in the export of lamps and lanterns revealed that this year's performance is expected to increase by 30%-40% year-on-year, and demand in overseas markets has picked up. However, when it comes to whether the performance will return to the 2019 level, the merchants vaguely said that "there is still a distance". As for the market expectations for next year, merchants are cautious in their words and reply "unclear", "difficult to say" and "hope is getting better and better".
It is reported that the eight merchants interviewed are all traditional foreign trade merchants, who are mainly responsible for docking with overseas merchants to complete orders. The follow-up production, logistics and storage links are all followed up by factories and foreign trade companies. In addition, they will also rely on small commodity cities to build chinagoods platforms to expand online business, which is also the mainstream foreign trade mode of the trade city.
Among the main markets, Yiwu has closer trade with countries along the "Belt and Road" and other RCEP countries. From January to November this year, Yiwu's imports and exports to countries along the "Belt and Road" totaled 292.47 billion yuan, an increase of 22% year-on-year. The warming of "the belt and road initiative" trade is also reflected in the transportation link. Fan Xiaohong, head of the East China International Intermodal Port, told reporters that the number of trains sent next year is expected to continue to grow. In order to meet the growing demand, plans are being made to increase the number of China-Europe trains to Central Asia.
Textile and clothing exports will welcome good
Recently, there are signs of increasing foreign trade orders in the textile market in Jiangsu and Zhejiang. A textile trader said: "Recently, I received an order for 100000 meters, which were sent to Vietnam to make garments. November orders were much better than the previous 10 months. There were really no orders before, and there were also small orders for several kilometers. Since November, the order volume has been in the tens of thousands of meters, and the number of orders has also increased significantly. There have been several orders, and the employees have been working overtime for more than a month."
Towards the end of the year, there are signs of a rebound in foreign trade orders, indicating that this decline may change in the first half of next year. Industry insiders generally believe that next year, China's clothing exports also have opportunities. On the one hand, the continuous efforts of the Chinese government in terms of policy benefits, the implementation of many new trade regulations, and the entry into force of some trade agreements will jointly promote the stabilization of China's clothing exports. In addition, since the beginning of this year, China's clothing exports to emerging markets have grown rapidly, which has promoted a more diversified clothing export market structure, which will have a positive driving effect on future clothing exports. On the other hand, after a year of small-scale order mode, overseas customers gradually digest their clothing inventory, overseas replenishment demand will rebound, which will bring new export orders for garment enterprises. The orders received so far are all new models for next year and are being gradually developed.
In addition, the future will usher in the annual Spring Festival holiday, overseas enterprises will also prepare goods in advance, so as not to be unable to place orders during the Spring Festival and delay the progress of garment production.
Vietnamese factories offer salaries of 7 million to 10 million Vietnamese dong, equivalent to about 2100-3000 yuan, much higher than the level in 2021. This wage level is actually increasing globally, and Vietnam no longer has the advantage of low cost. As a result, European and American customers have transferred their orders back to China. Moreover, we also found that some markets such as the European Union have put forward green and environmental protection requirements for imported textiles, and have strict requirements on product quality and raw material sources. Other countries simply do not meet this requirement, and only domestic products can pass through customs. China still has a competitive advantage.

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Towards the end of the year, foreign trade orders are now rebounding, or will basically return to 2019 levels!

Recently, according to the analysis of the small commodity index network, the price index fell slightly in the second week of December, and offline transactions were hot, driving up the on-site trading price index and export trading price index. The popularity of military coats has brought about a sales boom that has led to the production of related clothing accessories and accessories. In addition, skin care and beauty products, sanitary and cleaning daily necessities and other products are also sold in the market. Foreign trade performance increased year-on-year

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