Sprint Into The Fourth Quarter And Win The Final Battle Of Foreign Trade

Data recently released by the General Administration of Customs shows that China's total import and export value in October this year was 3.54 trillion yuan, a year-on-year increase of 0.9%; in the first 10 months of this year, China's total import and export value was 34.32 trillion yuan, a year-on-year increase of 0.03%. Among them, exports were 19.55 trillion yuan, a year-on-year increase of 0.4%. In October, both the monthly and cumulative growth rates of China's foreign trade turned positive, laying a good foundation for stabilizing foreign trade in the fourth quarter.
Minister of Commerce Wang Wentao said in a recent interview that the fourth quarter is usually the peak season for foreign trade, the "bulk" of foreign trade throughout the year, and a critical period for stabilizing foreign trade. How to continue to maintain the growth momentum in the fourth quarter, so as to achieve the "final battle" of foreign trade for the whole year? Experts interviewed believe that driven by the "enthusiastic" export of high-value-added products represented by the "New Three" foreign trade products and the festival effect brought by intensive Western festivals, China's import and export volume is expected to continue to maintain its growth in the fourth quarter. growth, helping to achieve the overall goal of stabilizing the scale and optimizing the structure of foreign trade throughout the year.
"Three new things" continue to exert force
"The total import and export volume increased from a decrease in October, mainly due to the stabilization of global economic recovery and development, and the downward trend has been contained to a certain extent. At the same time, global trade and market demand have recovered, showing the driving effect of trade." Business Zhang Jianping, deputy director of the academic committee of the Ministry of International Trade and Economic Cooperation, said that the export performance of new energy vehicles, lithium batteries and solar cells, which are also known as the "three new items" of foreign trade, is very outstanding and has made great contributions to promoting the high-quality development of China's foreign trade. Great contribution.
Data released by the China Association of Automobile Manufacturers shows that China exported 995,000 new energy vehicles in the first 10 months of this year, a year-on-year increase of 99.1%. Industry insiders believe that new energy vehicle exports will continue to maintain rapid growth momentum in the coming period.
"On the demand side, many countries, including China, have been promoting green energy transformation in recent years. Green and environmental protection concepts have become increasingly popular, and consumer demand for upgraded and green goods continues to be released. Driven by this demand, new energy vehicles are growing in popularity. Sales volume in both domestic and foreign markets has maintained rapid growth," said Su Jian, professor and director of the Center for National Economic Research at Peking University.
Su Jian further said that on the supply side, after years of development, China's new energy automobile industry has relatively strong technological innovation capabilities and competitiveness, rich products, and continuous optimization and improvement of supply capabilities. In the next step, as the supporting facilities and environment for new energy vehicles continue to improve, the demand for car purchases in overseas markets is expected to continue to be released.
How to better promote trade cooperation in the field of new energy vehicles has been the key direction of stabilizing foreign trade policies this year. In April this year, the Ministry of Commerce promoted the issuance of the "Opinions on Promoting a Stable Scale and Optimized Structure of Foreign Trade." Since then, the Ministry of Commerce has also systematically introduced new energy vehicle trade and other policy measures, forming a "1+N" policy system. At a regular press conference held by the Ministry of Commerce recently, spokesperson He Yadong said that the Ministry of Commerce will promote the introduction of special policies to promote new energy vehicle trade cooperation and improve the development level of processing trade.
With the help of stabilizing foreign trade policies, lithium battery exports have also achieved impressive results. Data show that China's cumulative export volume of lithium batteries from January to October was US$54.194 billion, a year-on-year increase of 36.4%.
"Thanks to the support for the 'New Three Things' in foreign trade issued by the Jiangsu Provincial Department of Commerce in June this year, "Several Measures to Promote a Stable Scale and Optimized Structure of Foreign Trade," the company's product exports are booming, and sales have gradually picked up since the third quarter of this year. , the current export of photovoltaic storage new energy products has exceeded 400 million yuan, a year-on-year increase of more than 30%." The person in charge of Wuxi Sakot New Energy Technology Co., Ltd. said that the export results in the first three quarters have made the company full of confidence in sprinting towards the full-year goal. Confidence, "We will strive to win the 'final game' of the whole year in the fourth quarter."
New business formats enable overseas expansion
In the fourth quarter, the swarm of important Western festivals such as Halloween, Thanksgiving, and Christmas will undoubtedly bring a new boom to China's foreign trade exports. Especially empowered by new foreign trade formats such as cross-border e-commerce and overseas warehouses, Chinese foreign trade companies are facing new opportunities when going overseas.
Data show that China's cross-border e-commerce import and export volume reached 1.7 trillion yuan in the first three quarters of this year, a year-on-year increase of 14.4%, accounting for 5.5% of the import and export of goods trade in the same period. China's cross-border e-commerce trading partners have spread all over the world, and it is one of the countries with the most complete cross-border e-commerce ecological chain in the world.
During this year's "Black Friday" shopping festival, a number of Chinese-funded cross-border e-commerce platforms increased their efforts to support domestic e-commerce companies, becoming a new choice for many e-commerce companies to go overseas. Among them, cross-border e-commerce platforms represented by SHEIN, Temu, TikTok Shop, and AliExpress are hailed by many sellers as the "Four Little Dragons going overseas." Platform shipbuilding, entities going overseas, and the rise of Chinese-funded cross-border e-commerce have made it fashionable for Chinese companies to go overseas.
"We have stocked up at 5 times the sales volume of the same period last year, and have prepared 25 styles with a total volume of more than 1 million." Liu Wenhai, the person in charge of Yiwu Bende E-Commerce Co., Ltd., who participated in Duoduo's cross-border "Black Friday" for the second time, said , "Last year on Black Friday, Duoduo only opened a few cross-border sites, and I sold 100,000 orders. This year, the number of sites has increased significantly, so although this year's stocking volume is relatively conservative, it has also increased significantly."
In addition, the booming overseas warehouse business has also injected new momentum into the development of foreign trade. During this year's "Black Friday", the "Global 5-Day Delivery" service jointly created by Cainiao International and AliExpress continues to protect merchants. Cainiao International Express data shows that on the eve of "Black Friday", the stocking volume of AliExpress's Cainiao cross-border preferred warehouse has increased nearly 9 times year-on-year, and most of the goods will be shipped to countries covered by the "Global 5-Day Delivery" service.