Recently, China’s exports have also continued to heat up. The export boom, in turn, will support further strengthening of the exchange rate. The RMB exchange rate rose to 6.5.
Customs tax rate comparison table
“Prices have increased, orders have decreased, and profits have decreased.” There are more and more international business disputes caused by various factors, and irregular changes in logistics and raw material prices have made many people sit up and take notice. Can’t live.
Some imported raw materials are currently affected by the epidemic, and major foreign ports are closed; coupled with the impact of rising domestic costs, supply gaps, environmental protection storms, etc., since the industrial recovery, raw materials in various industries have been continuously and comprehensively rise.
The price of raw materials has skyrocketed
Chemical raw materials join hands to enter the era of tens of thousands of yuan
The price of raw materials has soared and is so high that you can’t even buy it with money. Many orders have not yet been completed, but have been signed with buyers According to the contract, the seller cannot change the price, resulting in a loss of profits.
The chemical industry continues to rise. It is expected that the prices of chemical products and raw materials will continue to rise in the last two months of 2020, and the hot trend may continue into next year.
The surge in textile raw materials has triggered a rush for fabrics
In order to ensure that supplies during the Thanksgiving and Christmas sales seasons are not affected, European and American retailers have placed many orders that were originally produced in India. Production was moved to China, and the factory’s turnover soared fivefold.
Although the current export performance of the textile industry is excellent, some return orders are generally judged to be “emergency orders” in the textile and apparel industry. Since there is no advantage in labor costs, it is difficult for these orders to stay in the country for a long time.
The foreign trade turmoil has no impact on the company
Foreign trade has experienced the impact of two epidemics at home and abroad. After the Spring Festival, the epidemic broke out and the pressure to resume production increased instantly. Under the control of the state, The epidemic has been effectively controlled and society has begun to resume work. The international outbreak in May caused another heavy blow to foreign trade. But this has no impact on many companies.
1. The decrease in foreign trade orders is only short-term. After May, the number of overseas orders gradually recovered, ushering in a new climax in June. It is expected to return to the same level in the third and fourth quarters. The demand for “stay-at-home economy” abroad has increased significantly, and the number of orders from foreign traders will continue to increase.
2. The country has put forward the policy of internal circulation, and promoting domestic sales has become a top priority. Many manufacturing companies have made new breakthroughs in domestic sales channels.
Congestion at some major ports in various countries is now serious and may not slow down in the coming weeks or even months. This directly leads to an increase in demurrage and waiting time. The shipping capacity of various ports has been greatly reduced, and other related costs at the port have increased. Lack of boxes, liquidated warehouses, skyrocketing shipping costs, and even customs return fees will continue for some time.
The vaccine has been developed. I believe that the epidemic will be defeated soon and transportation will be restored.
China’s current economic development momentum is second to none in the world. On the contrary, the economic recovery of European and American countries is slow, especially the epidemic situation in the United States is still quite severe.
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