"Container Index" reveals the accelerating trend of foreign trade exports
Recently, a series of leading indicators such as China's export container freight index, Shanghai export container freight index, and Baltic Dry Bulk Index have all shown an upward trend, revealing that my country's foreign trade exports are accelerating. Experts analyze that under the influence of factors such as improving external demand and low base, export growth is expected to further accelerate in May.
The "container index" represented by the export container freight index is a "barometer" of foreign trade exports. In recent times, relevant indexes have continued to rise, reflecting that my country's exports may be accelerating.
On May 31, the latest CCFI announced by the Shanghai Shipping Exchange was 1495.98, an increase of 7.7% from the previous week, reaching the highest point this year. During the same period, the SCFI composite index reported 3044.77 points, an increase of 341.34 points. Among all 13 subdivided routes, only the Japan Kanto Line freight rates fell slightly month-on-month, while the remaining 12 routes all increased. In May, BDI increased by 33.8% year-on-year and 9.4% month-on-month respectively.
"The rise in BDI and other indicators reflects that my country's foreign trade activities have heated up." Chen Xing, chief macro analyst at Caitong Securities, said that as the trend of stock replenishment in developed economies such as Europe and the United States is gradually established, the import demand for my country's consumer goods will continue to improve.
AI pet dogs, smart boxing trainers, 3D holographic image fans... these trendy products have all been selected into the "Top Ten New Foreign Trade Products" list of Ali International Station. According to the relevant person in charge of Alibaba International Station, small forklifts are also very popular abroad. Latin America, Southeast Asia and the Middle East are the fastest growing markets for mechanical products.
Alibaba International Station is the world's largest B2B cross-border e-commerce platform. Its platform data shows that my country's new foreign trade formats continue to be cultivated. A reporter from Shanghai Securities News learned that new policies and measures regarding cross-border e-commerce will also be introduced.
In terms of policy, the Ministry of Commerce will promote the issuance of the "Opinions on Expanding Cross-Border E-commerce Exports and Promoting the Construction of Overseas Warehouses." Ministry of Commerce spokesperson He Yadong said that China will rely on my country's 165 cross-border e-commerce comprehensive pilot zones and combine the industrial endowments and location advantages of each region to drive more companies in the industrial belt to use cross-border e-commerce to participate in international trade.
In terms of support measures, the Ministry of Commerce will also increase the cultivation of entities, guide the cross-border e-commerce comprehensive pilot zone to actively cultivate chain owner enterprises, and lead the digital transformation of upstream and downstream small and medium-sized enterprises; create a good environment, and promote the development of free trade agreement negotiations and joint committee meetings. Under working mechanisms such as and mixed committees, cross-border e-commerce issues will be added to support cross-border e-commerce comprehensive pilot zones, industries, and enterprises to actively carry out international exchanges and cooperation.
Customs data shows that in the first quarter, my country's cross-border e-commerce imports and exports increased by 9.6% year-on-year, of which cross-border e-commerce overseas warehouse exports increased by 11.8% year-on-year. The cultivation of new business formats and new models has accelerated.
With the efforts of many parties, the overall foreign trade trend continues to improve.
With the efforts of foreign trade companies, governments and other parties, my country's foreign trade is expected to continue its positive trend.
The reporter learned from interviews that many foreign trade companies are actively exploring emerging markets such as the Middle East and Latin America. A relevant person in charge of the sales department of a car company told reporters that the company's export orders are currently growing steadily, but it is paying close attention to changes in tariffs on electric vehicles in Europe and is actively exploring markets in the Middle East and other places.
Policy support for new business formats such as overseas warehouses is increasing. The State Council executive meeting held recently proposed the development of new foreign trade formats such as cross-border e-commerce and overseas warehouses. Specific measures include increasing financial support, strengthening the construction of relevant infrastructure and logistics systems, optimizing supervision and services, and actively developing standard rules and international cooperation.
Li Zuojun, director of the Institute of Public Administration and Human Resources of the Development Research Center of the State Council, believes that the next step is to build a global supply chain, regard the construction of overseas warehouses as an important part of the joint construction of the "Belt and Road", and support and encourage overseas warehouses and cross-border e-commerce industries. Collaborative development of the park.
At present, external demand is relatively strong, foreign trade policy support is strong, new business formats are accelerating the cultivation, coupled with the low base last year, many interviewed experts believe that the foreign trade export growth rate to be released in May will further accelerate.
