Confidence Expectation Of Foreign Trade Enterprises Increased Significantly

"On the whole, the confidence of China's foreign trade enterprises is expected to increase significantly, and they continue to show strong resilience." Sun Xiao, spokesman of the China Council for the Promotion of International Trade and secretary-general of the China International Chamber of Commerce, said.

According to the survey, 45.1% of foreign trade enterprises said that their confidence in foreign trade development gradually recovered in the third quarter; 30.31% of foreign trade enterprises are expected to achieve year-on-year growth in the annual trade volume, which is 4.09 percentage points higher than that in the second quarter; Large and medium-sized enterprises are more optimistic about the foreign trade situation in the whole year. Although the expectation of small and micro enterprises is weak, it has improved compared with the second quarter.

Specifically, the development of foreign trade shows the following characteristics: First, the export volume and profits of foreign trade enterprises are both good. 22.69% of enterprises' trade volume rose month on month, and 19.52% of enterprises' profits rose month on month. Second, the export profits of high value-added industries increased significantly. The foreign trade of industries such as railway, ship, aerospace transportation equipment, paper making and paper products, special equipment manufacturing, and automobile has sufficient growth momentum. 40%, 39.29%, 35%, and 28.28% of the enterprises have achieved a month on month increase in export profits. Third, with the deepening of enterprises' understanding and application of the Regional Comprehensive Economic Partnership Agreement (RCEP), ASEAN has become the largest source market for China's foreign trade orders. In the third quarter, the top three major source markets for new orders of foreign trade enterprises were ASEAN, the European Union and the United States, accounting for 30.6%, 30.55% and 25.29% respectively. Fourth, foreign trade enterprises have high hopes for new forms and models of trade. 46.7% of enterprises believe that comprehensive foreign trade services play the most important role in promoting exports, and 22.52% of enterprises believe that cross-border e-commerce plays a greater role.

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