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 export trade (B2B) index report of small, medium and micro enterprises in April 2022 (hereinafter referred to as the "index report"). The report pointed out that under the influence of multiple adverse factors, China's small, medium and micro foreign trade enterprises still increased their exports steadily and their competitiveness continued to rise in April compared with the same period last year. With the further control of COVID-19, the internal and external pressure faced by China's small, medium and micro foreign trade enterprises is expected to gradually ease, and will continue to develop well in the future.
The reporter learned that the above index reports include the leading index of China's foreign trade exports in mid April 2022 and the competitiveness index of China's small, medium and micro foreign trade enterprises in mid April 2022. By quoting 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 xtransfer platform and the export data of China Customs, the index report tries to reflect the export performance of China's small, medium and micro foreign trade enterprises under the influence of sudden factors at home and abroad, and provides important guidance and strategy formulation basis for the global exhibition of China's small, medium and micro foreign trade enterprises in the next three months and the whole year.
Export of small, medium and micro foreign trade enterprises increased steadily in April
In April this year, China's foreign trade industry continued to face multiple challenges. Since March, COVID-19 has broken out in many places in China, causing a series of problems, such as poor logistics circulation, increased supply chain bottlenecks, and difficulties in personnel appointment. At the same time, affected by the international situation, the supply and prices of bulk commodities continue to bear a great impact, and the prices of raw materials remain high. The high inflation that the United States, Europe and other important export destinations of China are experiencing also brings uncertainty to China's foreign trade exports.

According to the leading index of China's foreign trade exports in April 2022, part I of the index report, in the face of the complex and volatile domestic and international environment, especially under the background that the epidemic situation in many places in China has not been fully controlled, the leading index in April decreased to a certain extent compared with January and March, but still increased steadily compared with the same period of last year.

It is understood that the leading index of China's foreign trade exports in April 2022 is calculated by the representative sample data of the same batch of customers in April this year and the same period in previous years, combined with the collection performance of small and medium-sized foreign trade enterprises on xtransfer platform in April, after normalization.
Xtransfer Business Intelligence Center said that the 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.
According to the statistics released by the General Administration of customs, in April this year, China's total import and export value of goods trade was 3.16 trillion yuan, an increase of 0.1% year on year. Among them, the total export value was 1.74 trillion yuan, a year-on-year increase of 1.9%.
According to xtransfer platform statistics, the on-site collection volume of China's small, medium and micro foreign trade enterprises increased by 7.8% year-on-year. Although the growth rate decreased by 7.9 percentage points compared with that in March, it was significantly higher than the year-on-year growth of China's total export value of goods trade in April announced by the General Administration of customs.
Xtransfer business intelligence center introduced that as this round of epidemic entered the "normalization" of prevention and control, some small, medium and micro foreign trade enterprises have more flexible response mechanisms in the face of the epidemic, which can timely minimize the impact of domestic single point outbreak. For example, the supply chains of some small, medium and micro foreign trade enterprises are relatively scattered, and the impact of the outbreak of the domestic single point epidemic is limited; Some small, medium-sized and micro foreign trade enterprises change the shipping port in time, so as to reduce the risk of goods delivery delay.
In addition, as the collection data in B2B export trade tends to show a trend before the customs data and logistics data, the index report predicts that in the next three months, with the further easing of the epidemic, the orderly promotion of work resumption and production resumption, and a series of policies and measures to help enterprises to rescue gradually take effect, China's small, medium-sized and micro enterprises' foreign trade exports are expected to gradually get rid of the impact of adverse factors.
Flexible response helps small, medium and micro foreign trade enterprises "make a stable start"
The competitiveness index of China's small, medium and micro foreign trade enterprises in mid April 2022 shows that under the challenges brought by multiple adverse 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 show strong flexibility and adaptability when facing difficulties and challenges, and achieve a "stable start".

The index is comprehensively evaluated from three dimensions: buyer trust, product attractiveness and export operation efficiency. The index report shows that the competitiveness index of China's small, medium and micro foreign trade enterprises in mid April 2022 has continued the momentum of March and maintained steady growth. Although the logistics warehousing, truck transportation and port transportation in key foreign trade cities are under temporary pressure, the average delivery time is still reduced from 31 days in March to 30 days in April, showing a shortening trend. Although there are unstable factors in the external environment, small, medium and micro foreign trade enterprises continue to "cultivate their internal skills", the overall operation efficiency continues to be optimized, and the average delivery time still shows a good trend.
From the perspective of export destinations, the top three destination regions of regional export volume of small, medium and micro foreign trade enterprises in April were North America, ASEAN and EU. Among the major trading partners, the export volume of China's small, medium and micro foreign trade enterprises to ASEAN grew faster than that of other regions in the same period, up 6.3% month on month. According to the analysis of the index report, the impact of the epidemic on foreign trade and exports in April is more focused on the Yangtze River Delta, with less impact on the Pearl River Delta and other regions, while the industrial chain of the Pearl River Delta is highly related to ASEAN trade.
In terms of export product categories, the categories with significant growth in the export volume of small, medium and micro foreign trade enterprises in April were plastic and rubber products and metal and their products, with year-on-year growth of 23.4% and 11.4% respectively. The main export destinations of these two types of products are North America, and the production industry of plastic, rubber and metal products has always been the dominant industry for China's export to North America. Despite the impact of multiple adverse factors, the export advantage industries are still growing significantly.
According to the analysis of the index report, as the epidemic situation is further controlled, the internal and external pressure faced by China's small, medium and micro foreign trade enterprises is expected to gradually ease, and the long-term positive fundamentals will not change.