I. What is the foreign trade situation in 2022?

In 2022, the foreign trade industry experienced a different situation than before. 1.

China is still the biggest driving force of global economic growth. In 2021, the total import and export volume was 6.05 trillion USD, with a year-on-year increase of 21.4%, of which exports increased by 21.2% and imports by 21.5%.

2. The growth rate has dropped, and foreign trade is facing greater pressure. In the first quarter of 2022, China’s total import and export of goods was 9.42 trillion yuan, a year-on-year increase of 10.7%, of which exports increased by 13.4% and imports by 7.5%.

3. The sea freight is soaring, and the cost pressure is extremely high. The freight for each 40-foot cabinet shipped to the west coast of the United States has risen from $1,500 in early 2019 to $20,000 in September 2021. It is worth mentioning that it has exceeded $10,000 in the last nine consecutive months.

4. There was an outflow trend in the previous orders returning to China, especially in Southeast Asian countries. Among them, Vietnam’s performance in the last few months of 2021 has gradually become stronger, with the trade in goods reaching USD 66.73 billion in March, up by 36.8% from the previous month. Among them, exports amounted to USD 34.06 billion, up by 45.5%. In Q1 2022, Vietnam’s total import and export volume reached USD 176.35 billion, with a year-on-year increase of 14.4%.

5. Customers are worried about China’s supply chain and logistics. Foreign customers are worried about supply chain and logistics problems. They may place orders at the same time, but then confirm the payment according to the shipment situation, resulting in the destruction of orders, which eventually leads customers to transfer orders to Southeast Asian countries such as Vietnam. China’s total foreign trade import and export value is still growing, but the future is still full of uncertainty due to the rebound of epidemic situation, Russia-Ukraine war, soaring sea freight and outflow of orders. Can foreign trade enterprises maintain their core competitiveness and how to deal with the opportunities and challenges brought to the market by the emergence of new technologies? Nowadays, we have entered the era of digital economy from the era of information economy. It is crucial for enterprises to keep pace. It is time to plan the future from a new perspectiv