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Home > News > Valuable News > Foreign trade: 90% of the disappeared orders are back

Foreign trade: 90% of the disappeared orders are back

ECHEMI 2020-10-15

2020 is destined to be an extraordinary year for Chinese foreign trade practitioners.

The impact of the epidemic has forced the relevant industrial chain to enter a period of suspension, and the argument that foreign trade has been bad-mouthed has also been one after another. "90% of orders are canceled", e-commerce's going overseas has fallen from the "golden age" to the "black iron age", and "the collective predicament of foreign trade companies is coming" and other views have begun to flood the overseas circle.

During the most severe period of the epidemic, some media reported that in order to save themselves, many foreign trade players had to send emails to overseas customers one by one in exchange for delayed delivery. However, the widespread spread of the epidemic made orders have to be postponed repeatedly. It is almost difficult for their factory to receive new orders. All trades and industries affected, foreign trade have undoubtedly become the hardest hit areas.

With the economic recovery, the situation seems to be changing. On October 13, a set of data released by the General Administration of Customs gave the industry a shot in the arm.

From the data point of view, foreign trade is stabilizing quarter by quarter after entering and exiting, and the cumulative growth rate has turned negative to positive. In the first and second quarters of this year, my country’s import and export growth rates were -6.5% and -0.2% respectively, but it ushered in a strong recovery in the third quarter. Imports and exports were 8.88 trillion yuan, a year-on-year increase of 7.5%, of which exports were 5 trillion yuan. An increase of 10.2%.

The moment of foreign trade craziness is approaching, and China’s exports seem to have experienced a "reversal drama": work resumed in March, no stock in April, ship cuts in May and June, price increases in July, shortage of containers in August, and September Burst the cabin.

"As the peak season at the end of the year approaches, the entire international capacity is in rush, freight rates have soared, and there are frequent container dumps," said Alex, the business director of Shenzhen Gaofeng Luggage Co., Ltd.. Since August, the peak season has to be half a month or one earlier Monthly subscription.

"From the data point of view, the international platform platform shows that overseas demand has not weakened, and the new digital foreign trade has entered a period of rapid growth." At the 2020 Ali Cross-border E-commerce Conference, Ali International Station General Manager Zhang Kuo expressed this trend to the outside world. He gave a set of data. In the past three years, the average growth rate of Ali International Station was 70%. Compared with last year, the growth rate exceeded 100% this year.

"Serving 1 million TEU (sea freight) and 1 million tons (air freight) incremental trading products." Wang Tiantian, head of cross-border supply chain at Ali International Station, said that this is their double million goal.

However, how to achieve this goal requires stronger logistics service capabilities to support.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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