The Resilience Of My Country's Foreign Trade Continues To Increase
Mar 27, 2023
Since the beginning of this year, in the face of challenges such as weakening foreign demand in European and American markets and intensified international competition, foreign trade companies have actively responded, trying to stabilize orders, and at the same time expand new markets. The resilience of China's foreign trade is constantly increasing.
In Yiwu International Trade City, foreign merchants who come to purchase Chinese goods can be seen everywhere. Since March, the average daily passenger flow of Yiwu International Trade City has exceeded 200,000, of which more than 1,600 foreign businessmen have entered the market every day, a year-on-year increase of 30.2%.
In the past two months, in response to changes in the external market, local governments actively guided enterprises to adjust their export direction. This chamber of commerce composed of toy companies is promoting the formulation of industry standards, from adapting to the European and American markets in the past to more accurately matching the market needs of ASEAN and Arab countries.
Expansion of diversified markets has effectively enhanced the stability of foreign trade exports. In the first two months of this year, my country's exports to ASEAN and countries along the "Belt and Road" increased by more than 15%. At the same time, in response to the transfer of orders brought about by the adjustment of the international division of labor, many foreign trade companies are actively seeking changes, starting to build their own brands, and getting rid of the path dependence on OEM orders.
According to data from the Ministry of Commerce, in the first two months of this year, my country's total import and export of goods exceeded 6 trillion yuan, the second highest value in the same period in history. Against the backdrop of a general decline in exports from neighboring countries, China's total exports continued to maintain positive growth at 3.5 trillion yuan.

