Characteristics and Enlightenment of Foreign Trade Development in 2021

In 2021, the scale of my country's trade in goods will reach 39.1 trillion yuan, a year-on-year increase of 21.4%. The annual import and export scale will exceed 6 trillion US dollars for the first time, ranking first in the world; the total import and export of service trade will reach 5,298.27 billion yuan, a year-on-year increase of 16.1%. Continuing to decline, foreign trade methods, products and regional structures have been continuously optimized, and their contribution to high-quality economic development has become more apparent. Summarizing the causes of foreign trade achievements and responding to relevant challenges will be of great benefit to stabilizing the fundamentals of foreign trade in the next step.

Relevant achievements are mainly due to the following factors: First, the continuous promotion of high-level opening to the outside world, the gradual implementation and promotion of various innovative reform measures in the Pilot Free Trade Zone, the issuance of my country’s first negative list for trade in services, and the continuous degree of trade liberalization and facilitation. Second, new progress has been made in international regional economic cooperation, RCEP has come into effect as scheduled, and the “Belt and Road” circle of friends has expanded, which has promoted trade connectivity and overseas market diversification; third, cross-border e-commerce, market procurement trade and other new formats The development of the new model has released the vitality of foreign trade innovation and development, and effectively prevented and controlled the new crown pneumonia epidemic, promoted the full resumption of work and production, and met the trade procurement needs of relevant countries; international cooperation and boost foreign trade growth. It can be seen that foreign trade has contributed to the rapid recovery and stable development of my country's economy, and it has also injected vitality into the recovery of the world economy.

In the past two years, China's foreign trade exports have experienced the highest growth rate since the 40 years of reform and opening up, and the total foreign trade exports have repeatedly hit new highs. At the same time, production companies are suffering from soaring raw materials, cross-border companies closing stores, soaring e-commerce advertising costs, and shipping delays in Hong Kong. Affected by factors such as the rupture of the supply chain and the capital chain and the great financial pressure, it has a great impact on the leading enterprises of cross-border e-commerce. First, the new sellers and small and medium-sized sellers of cross-border e-commerce are facing great challenges. Affected by the epidemic, the risk of uncertainty in the external environment is high, and its logistics costs, warehousing costs, and marketing costs have increased, and business risks have been under great pressure. Second, traders have high requirements for supply chain integration. The onlineization of traditional business is accelerating, and the dependence on the supply chain is obvious. The frequency and speed of shipments increase, and the requirements for supply chain integration are getting higher and higher.

Post time: May-26-2022
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