As the end of the year approaches, foreign trade orders are rebounding and may return to the level of 2019!

Recently, according to the analysis of the Small Commodity Index website, the price index slightly declined in the second week of December, and offline transactions were hot, driving up the on exchange trading price index and export trading price index. The popularity of military coats has brought about a sales boom, driving the production of related clothing accessories and accessories. In addition, products such as skincare and beauty products, hygiene and cleaning daily necessities, etc. have also been selling well on the market.

Year-on-year growth in foreign trade performance

The reporter randomly visited 8 merchants and learned that their performance has increased year-on-year this year. A shop owner who specializes in exporting lighting fixtures revealed that the year-on-year growth rate of performance this year is expected to reach 30% -40%, and demand in various overseas markets has rebounded. But when it comes to whether the performance has recovered to the level of 2019, merchants often subtly state that “there is still a way to go.”. As for the expected market situation for next year, merchants are cautious in their words and often reply with “unclear”, “difficult to explain”, and “hope it will get better and better”.

It is reported that the 8 interviewed merchants are all traditional foreign trade merchants, mainly responsible for coordinating with overseas merchants to complete orders. The subsequent production and logistics warehousing are all handled by factories and foreign trade companies. In addition, they will also rely on the small commodity city to build the Chinagoods platform to expand online business, which is also the mainstream foreign trade model of the commercial city.

Among major markets, Yiwu has closer trade relations with countries along the “the Belt and Road” and other RCEP countries. From January to November this year, Yiwu’s imports and exports to countries along the “the Belt and Road” totaled 292.47 billion yuan, up 22% year on year. The “the Belt and Road” trade is also warming up in the transport sector. Fan Xiaohong, the relevant person in charge of East China International Intermodal Port, told reporters that the number of scheduled trains to be sent next year is expected to continue to grow. In order to meet the growing demand, plans are being made to increase China Europe scheduled trains to Central Asia.

Textile and clothing exports will welcome favorable conditions

Recently, there are signs of an increase in foreign trade orders in the textile market in the Jiangsu and Zhejiang regions. A textile trader said, “Recently, I received an order for 100000 meters, which was sent to Vietnam for garment production. The orders in November were much better than the previous 10 months. There were really no orders before, and there were also small orders for thousands of meters. Since November, the order volume has been in the tens of thousands of meters, and there has been a significant increase in the number of orders. There have already been several orders, and employees have been working overtime for over a month.”

As the end of the year approaches, 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 there is also an opportunity for Chinese clothing exports next year. On the one hand, the continuous efforts of * * * in policy benefits, the implementation of numerous 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, promoting 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 long small-scale order model, overseas customers gradually digest their clothing inventory, and overseas restocking demand will rebound, which will bring new export orders to clothing enterprises. The orders received so far are all new models for next year and are gradually being developed.

In addition, the annual Spring Festival holiday will be celebrated in the future, and overseas enterprises will also prepare their goods in advance to avoid being unable to place orders during the Spring Festival period and delaying the production progress of ready to wear clothing.

The salary offered by the Vietnamese factory during recruitment ranges from 7 million to 10 million Vietnamese dong, equivalent to approximately RMB 2100-3000, which is much higher than the level in 2021. This salary level is actually constantly increasing globally, and Vietnam no longer has the advantage of low costs. Therefore, European and American customers have been transferring their orders back to China. And we have also found that some markets such as the European Union have put forward green and environmentally friendly requirements for imported textiles, with strict requirements for product quality and raw material sources. Other countries simply cannot meet this requirement, only domestic products can pass through customs. Therefore, China still has a competitive advantage. Source: Global Textile Network

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