Small, medium and micro foreign trade enterprises will continue to improve in the future
On May 26, CCPIT and XTransfer, a one-stop cross-border financial and risk control service platform for foreign trade enterprises, jointly released the April 2022 Export Trade (B2B) Index Report for Small, Medium and Micro Enterprises (hereinafter referred to as the "Index Report"). The report pointed out that under the influence of multiple unfavorable factors, China's small and medium-sized foreign trade enterprises continued to increase their exports in April compared with the same period last year, and their competitiveness continued to rise. With the further control of the new crown pneumonia epidemic, the internal and external pressures faced by China's small, medium and micro foreign trade enterprises are expected to gradually ease, and will continue to develop in the future.
The reporter learned that the above-mentioned index reports include the "China's Foreign Trade Export Leading Index in April 2022" and the "Competitiveness Index of China's Small, Medium and Micro Foreign Trade Enterprises in April 2022". By citing the representative sample data of the same batch of customers in April 2022 and the same period in previous years, combined with the collection performance of small, medium and micro foreign trade enterprises on the XTransfer platform and the export data of China Customs, the index report tries to reflect the sudden change of Chinese small, medium and micro foreign trade enterprises at home and abroad. The export performance under the influence of factors provides important guidance and strategy formulation basis for Chinese small, medium and micro foreign trade enterprises to expand their businesses globally in the next three months and the whole year.
In April this year, China's foreign trade industry continued to face multiple challenges. Since March, the new crown pneumonia epidemic has broken out in many places in China, which has caused a series of problems such as poor logistics circulation, increased supply chain jam points, and difficulty in taking jobs. At the same time, affected by the international situation, the supply and prices of bulk commodities continued to be greatly impacted, and the prices of raw materials remained high. The high inflation that China's important export destinations such as the United States and Europe are experiencing also bring uncertainty to China's foreign trade exports.
According to the first part of the index report, "China's Foreign Trade Export Leading Index in April 2022", in the face of complex and volatile domestic and foreign environments, especially when the epidemic in many places in China has not been fully controlled, the leading index in April is higher than that in January and March. All have declined to a certain extent, but they have remained stable and increased compared to the same period last year.
It is understood that the "China Foreign Trade Export Leading Index in April 2022" is based on the representative sample data of the same batch of customers in April this year and the same period in previous years, combined with the performance of small, medium and micro foreign trade enterprises on the XTransfer platform in April, and normalized after processing. weighted calculation.
XTransfer Business Intelligence Center said that this index remained stable as a whole, showing a relatively consistent trend compared with the same period last year, showing the strong resilience of China's small, medium and micro foreign trade enterprises in exporting.
According to statistics released by the General Administration of Customs, in April this year, the total value of China's import and export of goods trade was 3.16 trillion yuan, a year-on-year increase of 0.1%. Among them, the total export value was 1.74 trillion yuan, a year-on-year increase of 1.9%.
According to the statistics of the XTransfer platform, the amount of money received by China's small, medium and micro foreign trade enterprises increased by 7.8% year-on-year during the same period. Although the growth rate fell by 7.9 percentage points from March, it was significantly higher than the year-on-year growth in the total value of China's trade in goods in April announced by the General Administration of Customs.
According to the XTransfer Business Intelligence Center, as the current round of the epidemic has entered the "normalization" of prevention and control, some small, medium and micro foreign trade enterprises have a more flexible response mechanism in the face of the epidemic, which can timely reduce the impact of domestic single-point outbreaks. to the minimum. For example, the supply chains of some small, medium and micro foreign trade enterprises are relatively scattered, and the impact of the domestic single-point outbreak is limited; some small, medium and micro foreign trade enterprises change the shipping port in time, thereby reducing the risk of delayed delivery of goods.
In addition, since receipt data in B2B export trade tends to show trends ahead of customs data and logistics data, the index report predicts that, in the next three months, as the epidemic further eases and the resumption of work and production progresses in an orderly manner, a series of assistance The relief policies and measures for enterprises are gradually taking effect, and the foreign trade exports of Chinese small, medium and micro enterprises are expected to gradually get out of the influence of unfavorable factors.
Flexibility to adapt to help small, medium and micro foreign trade enterprises "start stable"
The "Competitiveness Index of China's Small, Medium and Micro Foreign Trade Enterprises in April 2022" shows that under the challenges brought by multiple unfavorable factors, the competitiveness of China's small, medium and micro foreign trade enterprises showed a steady growth trend in April. Small, medium and micro foreign trade enterprises have shown strong flexibility and adaptability in the face of difficulties and challenges, and achieved a "stable start".
The index is comprehensively evaluated from three dimensions: buyer trust, product attractiveness, and export operation efficiency. According to the index report, the "Competitiveness Index of China's Small, Medium and Micro Foreign Trade Enterprises in April 2022" continued the momentum of March and maintained steady growth. Although the logistics warehousing, truck transportation and port transportation in key foreign trade cities were temporarily under pressure, the average delivery time still decreased from 31 days in March to 30 days in April, showing a shortening trend. Despite the unstable external environment, small, medium and micro foreign trade companies continue to "practice internal skills", the overall operational efficiency has continued to be optimized, and the average delivery time is still showing a positive trend.
In terms of export destinations, the top three export destinations of small, medium and micro foreign trade enterprises in April were: North America, ASEAN, and the European Union. Among the major trading partners, the growth rate of China's small, medium and micro foreign trade enterprises to ASEAN over the same period was faster than that of other regions, with a month-on-month increase of 6.3%. According to the analysis of the index report, the impact of the epidemic on foreign trade exports in April was more focused on the Yangtze River Delta region, and had less impact on the Pearl River Delta and other regions, while the industrial chain in the Pearl River Delta region was highly related to ASEAN trade.
In terms of export product categories, in April, the export value of small, medium and micro foreign trade enterprises increased significantly in plastic rubber products and metals and their products, which increased by 23.4% and 11.4% year-on-year respectively. The main export destinations of these two types of products are North America, and the plastics, rubber and metal products production industries have always been my country's dominant industries for exports to North America. Despite the influence of multiple unfavorable factors, the export-advantaged industries continued to grow significantly.
According to the analysis of the index report, as the epidemic situation is further controlled, the internal and external pressures faced by China's small, medium and micro foreign trade enterprises are expected to gradually ease, and the long-term positive fundamentals will not change.