Development of foreign trade situation after the Canton Fair

 

 

The popularity of this year's spring Canton Fair reflects the trend of overseas buyers returning quickly after the epidemic. From the Canton Fair that just ended in May, the data showed that the growth momentum of foreign trade is still strong, and the number of customers and exhibitors has increased significantly. It can even be said that it has become the hottest event in the Canton Fair in recent years.

 

This also fully proves that as the epidemic is gradually brought under control, the global market is gradually regaining its vitality. Among them, China, which has a full industrial chain, is naturally the first choice for global buyers.

 

In recent years, the changes in the global economy have been astonishing, and traditional developed countries have gradually lost their former glory.The BRICS countries (Brazil, Russia, India, China and South Africa) have emerged as a new force, challenging the established structure of the global economy.

 

The center of gravity of the global economy has shifted. The era when Western countries dominated the world is gone forever.

 

Today, the BRICS countries are gradually emerging on the global economic stage, on par with developed countries, and China is the leader among the BRICS countries.

 

This is undoubtedly exciting news for foreign trade people!

 

 

CCTV: Exports of this type of goods are booming!

 

 

 

Yiwu is the world's largest and most comprehensive distribution center for Christmas supplies. Two-thirds of the world's Christmas supplies are produced here, including Christmas trees, Santa hats, Christmas costumes, Santa Claus, sleighs, greeting cards, lights, colored strips... everything is available.

 

Recently, with the liberalization of the market and shipping prices, overseas customers have come to Yiwu to purchase in advance, kicking off this year's Christmas shopping season, which is at least two months earlier than the purchasing season in previous years. This has also made manufacturers busy in advance, and many manufacturers' orders are scheduled for three months later.

 

It is understood that in addition to the major European and American markets, many new orders have been added to the Middle East and South American markets this year, and the orders will be shipped to emerging markets such as India. In addition, customers' requirements for product quality have also led to the continuous introduction of new Christmas supplies this year, such as Christmas lights of various shapes, Christmas glasses inlaid with gilded powder, decorative belts with bright colors and superimposed prints, etc., adding many small details to the design.

 

According to statistics, from January to April this year, Yiwu exported 200 million yuan of Christmas products, a year-on-year increase of 32.5%. In the first quarter of this year, the average number of foreign businessmen in Yiwu International Trade City exceeded 1,600 per day, a year-on-year increase of about 30%.Yiwu is a weather vane for foreign trade exports. The recovery of the "world market" also indicates that foreign trade, logistics and other links are gradually warming up.

 

 

Foreign trade information

 

 

Brazil's continuous tax cuts and RMB settlement have created huge potential

 

In order to save the economy and ease inflation, Brazil has continuously lowered import tariffs in recent years.

In 2022, Brazil's imports amounted to US$272.702 billion, a year-on-year increase of 24.29%.

 

As of 2022, China has been Brazil's largest trading partner for 14 consecutive years, and China is Brazil's largest importer and exporter.

 

According to Chinese Customs statistics, China's exports to Brazil in 2022 amounted to US$61.97 billion, an increase of 27.48% over the previous year.

 

In January this year, when Brazilian President Lula visited Uruguay, he proposed that the Southern Common Market as a whole could sign a free trade agreement with China.

 

After Brazilian President Lula's visit to China in April, the statements made by both sides gave foreign traders who were looking forward to the Brazilian market more room for imagination.

 

As the largest country in South America, Brazil has 53% of the local population (more than 200 million) and almost half of the land area (about 8.55 million square kilometers). It has the best market potential in South America and plays a pivotal role in economic influence.

 

 

Panama Canal announces shipping restrictions

 

Panama Canal introduces new restrictions due to drought.

 

Starting May 24, neo-Panamax vessels - the largest ships transiting the waterway - will be allowed to have a maximum draft of 44.5 feet (13.56 meters), down from the previous limit of 45 feet; by May 30, the draft limit will be reduced again to 44 feet.

 

The change could reduce cargo on some container ships by 40 percent, which will have to lighten their loads and pay higher fees to pass through the Panama Canal.

 

In response to the canal's restrictions, at least four ocean carriers have announced weight limits or increased container fees per box starting June 1 in response to the canal's measures.

 

The cost of shipping goods through the Panama Canal is expected to rise further this summer, and cargo may face delays.

 

France takes the lead in announcing the cancellation of subsidies for Chinese electric vehicles

 

Recently, French President Macron announced that car purchase subsidies will only be provided for pure electric vehicles manufactured in Europe.

 

Previously, purchasing an electric car in France could receive a subsidy of up to 5,000 euros (about 38,000 yuan). Due to the low prices and excellent performance of electric cars produced by Chinese companies, 40% of France's electric car subsidies went to Chinese car brands in the first quarter of this year.

 

The French government believes that this situation is not conducive to the development of the electric vehicle industry in Europe, so it decided to adjust the subsidy policy to strengthen Europe's battery and electric vehicle production capacity.

 

This policy is not only aimed at Chinese manufacturers, but will also affect American brands such as Tesla.

 

 

Source: Focus Vision, CCTV Finance and the Internet

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