China’s Foreign Trade Enterprises Struggle Against the Current

At present, the global economic growth is slowing down and external uncertainties are increasing. The latest World Economic Outlook Report released by the International Monetary Fund (IMF) lowered the growth rate of the world economy in 2019 to 3%, down 0.2 percentage points from the forecast in July this year. Under this background, many foreign trade enterprises are facing greater export pressure.

China's Foreign Trade Enterprises Struggle Against the Current
China’s Foreign Trade Enterprises Struggle Against the Current

China’s foreign trade enterprises have been exploring countermeasures from the perspective of their respective industries’ development.

The global economic situation has a greater impact on exports.

“Seven or eight years ago, our export of plush toys to the South American market was quite good, but in the past two years, the South American market economy fluctuated greatly, and our export volume fell by about 40%.” Yu Yun, business manager of Nanjing Dadong Toys Co., Ltd., said in an interview with the International Business News that the company’s export market is mainly in Europe at present, but the purchasing intention of European customers is not very strong due to the relatively severe global economic situation. “On the one hand, the rise in industrial costs has led to an increase in product prices; On the other hand, the international market economy environment is not very good either. The combination of these factors has led to a decline in customers’ willingness to purchase. ”

Cai Fuman, general manager of Jinhe Trading Co., Ltd., also said in an interview with the International Business News that the global economic growth has slowed down from changes in customer demand. “Our customers are widely distributed, mainly from Russia, the United States, Europe, South America, Southeast Asia and other countries and regions. At present, they are more inclined to seek plastic toys packed in small boxes. The functions of a single product should be diversified and the unit price should be lower. ”

“The company’s product order volume has been relatively stable since this year, but the profit margin has declined.” Li Shijun, assistant to the chairman of Qixian Red Sea Glass Co., Ltd., said in an interview with the International Business News, “Our customers are mainly Muslim people from all over the world. In the current external environment is not very optimistic, the pressure on customers is greater than before. At the same time, updating and upgrading environmental protection equipment has also brought about an increase in production costs. In order to ensure a certain amount of orders and tide over difficulties with customers, we can only reduce profits accordingly. ”

Foreign Trade Enterprises Take Various Measures to Meet Challenges In Cai Fuman’s view, the current production chain of toy products is gradually turning to Southeast Asian countries. As far as production costs are concerned, it is difficult for domestic foreign trade enterprises to compete with them. However, there are also opportunities under pressure to force China’s foreign trade enterprises to grow. “The domestic toy market will gradually turn to the middle and high end. Now the products our company produces are mainly the middle and high end. In the future, on the one hand, the company will continue to enrich product types; On the other hand, as the toy market in developed countries is nearing saturation, the company will further explore the Chinese toy market. ”

Li Shijun said that since its establishment in 1963, the company has been engaged in the production, research and development, and sales of daily glass products. Its products have strong national characteristics, and most of them are made of high-end real gold materials and handmade, with high added value. “In the future, we will still adhere to the high-end line and continuously carry out research and development and upgrading of products, especially the diversification of embryo technology, so as to meet more and higher demands of customers.”

“Foreign trade enterprises themselves carry multiple pressures and need to keep an eye on global developments. No matter which country the product is exported to, as long as the local economic situation fluctuates, it will affect the export to a certain extent. ” Although the export pressure of foreign trade enterprises is increasing at present, Yu Yun is still optimistic about the future export situation of the company. “Because the customer’s demand for toys has always been’ buy new but not old’, the company pays great attention to investment in research and development, and produces 700-800 kinds of new products every year to meet the market demand. In order to keep the products competitive in the market, the company will focus on the fabric category and color matching of the products in the future. ”

 

Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/struggle-against-the-current/

Like (1)
Previous November 9, 2019 8:05 pm
Next November 9, 2019 8:10 pm

Relevant Recommendation

  • How can foreign trade make customers repeat orders?

    There are tens of millions of ways to do foreign trade, but if the foreign trade customers can make one order after another, the foreign trade people need to make more efforts, study strategies, and use unique ways to do foreign trade to tap the customers’ potential orders. Some people once said that foreign customers are hens, orders are eggs, and foreign trade salesmen are breeders. The breeder usually expects the hen to lay eggs every day, so he will often touch the hen’s bottom to see if the hen can lay eggs today. However, it is not enough to touch the bottom of the hen to lay more eggs. The breeder may have to make the hen eat better, let a cock keep company with it every day, or turn on the lights before it is light … The same is true for foreign trade salesmen. If foreign customers want to place more orders, they must pay more attention, study strategies and take some measures to tap their potential orders.Actively recommend other products to customers Top Sales: after new…

    November 12, 2019
    8410
  • Foreign trade people must know 13 kinds of certification

    1、CE CE (Conformite Europeenne), CE mark is a kind of safety certification mark, which is regarded as a passport for manufacturers to open and enter the European market. All products with CE mark can be sold in European member states without meeting the requirements of each member state, thus realizing the free circulation of goods within the EU member states. In the EU market, CE mark is a mandatory certification. In order to circulate freely in the EU market, whether products produced by enterprises within the EU or products from other countries, CE mark must be affixed to show that the products meet the basic requirements of the EU Directive on New Methods for Technical Coordination and Standardization. This is a mandatory requirement for products under EU laws. The following products require CE marking: ◆ Electrical products ◆ Mechanical products ◆ Toy products ◆ Radio and telecommunication terminal equipment ◆ Refrigeration and freezing equipment ◆ Personal protection equipment ◆ Simple pressure vessel ◆ Hot water boiler ◆ Pressure equipment ◆ Pleasure boat ◆ Construction products ◆ In vitro diagnostic medical…

    November 9, 2019
    8200
  • As the year-end peak season approaches, what should foreign trade websites do for holiday marketing?

    According to foreign reports, “Black Friday” has been completely defeated by “Super Saturday” (Saturday before Christmas) in recent years. Foreign friends like shopping at Christmas very much, not only because it is an important festival, but also because many shops will be decorated with Christmas ornaments during this time to enhance the Christmas atmosphere and increase customers’ shopping desire. Today’s editorial takes “Super Saturday” as an example to share several effective sales promotion techniques of festival marketing on foreign trade websites. Tip 1: Create a Christmas special! If your promotion landing page is still the original website page at Christmas, there will be no atmosphere. But the cost of building a website solely for Christmas is too high. The editor here suggested to use special pages to make a special Christmas sale. In fact, UEESHOP system provides one-click selection of holiday promotion templates. As long as you touch your finger, you can set up a special page with rich festive atmosphere. Abandoning programmers is not a dream. Skill 2: New on Advertising Chart If it is a brand-name foreign trade…

    November 9, 2019
    8420
  • What about the loss of foreign trade customers? Remedy by mail

    Recently, a small partner and I talked about the loss of customers. His website sells kitchen utensils and cleaning products. From monthly statistics, we know that the website traffic and orders are not bad, but the re-purchase rate is low. A considerable number of customers have not placed another order after buying it once or twice. We analyzed and ruled out the cause of the website itself, and found that he did not have a kind of consciousness to actively maintain customer relations.For customers who have purchased commodities, they actually recognize your products and websites. Of course, some non-essential items will not be purchased frequently, but we should not ignore the purchasing potential of these lost customers. If a customer does not place an order within 1 or 2 years, it does not mean TA will never place another order. The most common way to maintain customer relations in foreign trade is to push mail. So, what skills will not cause inefficient mail? I. Attractive Headlines The purpose of the title is to attract the recipient to open the mail….

    November 9, 2019
    8500
  • Perfect! This foreign trade export tax refund process will definitely be used if you study early

    Some small partners strongly demand to see the foreign trade export tax rebate process, then let’s meet today 1. Why is there an export tax rebate? The state will return the value-added tax and consumption tax actually undertaken in the domestic production and circulation links before exporting the exported goods to the exporting enterprises after the goods are declared for export, so that the exported goods can enter the international market at a price excluding tax and avoid international double taxation. Because foreign countries will levy value-added tax and customs duties on the goods we sold in the past, the tax burden on our exports will be zero, so that even if foreigners levy a tax, we can compete fairly with foreign goods. 2. foreign trade enterprises export tax rebate process Similarly, for export, production enterprises should go through the process of exemption, credit and refund, while foreign trade enterprises are relatively simple. Generally, export is exempt from sales tax and input tax is refunded. There are also those who are exempt from tax, such as small-scale taxpayers who have…

    November 12, 2019
    8400
  • How to win the price war among foreign trade peers?

    A foreign trade friend told me that the customer said our price was too high, and another factory offered him a price lower than us $20, lower than our cost price. I believe most foreign trade people will encounter such problems. Price war has become a battlefield in foreign trade, so how to fight this battle? My friend sent me their chat content and found that after the customer asked the price, the friend and the customer began to bargain. The customer said “I’ve got $60 from other supplier” A friend replied, “that’s impossible.” The customer immediately replied, “you feel free to support us.” every feeling strong ones will make good and successful business cooperation. please let me know your opinion”In the price war with their peers, some foreign trade people will think that the price is simply impossible and will directly conflict with their customers. They even tell their customers that there must be a problem with the quality of their peers and there must be some moisture. In order to prove that they are right, they argue with…

    November 9, 2019
    8570
  • Foreign trade bosses and bosses who want to transform into foreign trade should pay attention! These contents must be read

    Recently, a foreign trade person joined a company as a foreign trade manager and found himself taking over a mess after joining the company. Because the former foreign trade manager took the team and the customers with him when he left. although everyone left, the company’s platform still serves the former foreign trade manager more or less now! Why do you say that? Because the former foreign trade manager added picture links to more than 1,000 pieces of product information on the platform and linked them to the website platform he privately established. Before, the more important customer information was deleted, leaving behind some useless or low-quality customer information. The whole foreign trade department of the company can be said to be directly paralyzed. The boss stamped his feet in anger and cursed shamelessly! At this time, the landlord will ask, what kind of boss is this, who has given the manager so much time and done so many things, each product information is linked and linked to his own website platform, the boss did not notice at all, and…

    November 9, 2019
    8290
  • Foreign Trade Sharing-How Foreign Traders Work Efficiently

    Foreign Trade Sharing-How Foreign Traders Work Efficiently Let’s talk about the time allocation in general, starting with a foreign trade salesman entering the office in the morning (making tea and tidying up the table) First, open the web page to check the exchange rate situation, generally referring to BOC or the central bank. As a foreign trade salesman, it is necessary to know the trend of exchange rate in time. In addition, I usually have to look at the price trend of domestic raw materials. Generally, it can be completed in ten minutes at most. Second, open the mail client and then open the customer tracking table to see which customers have not contacted for some time. (I usually send them some greeting emails one by one according to the time of 2-3 weeks). The contents of the emails are different according to different objects. The advantages of doing this are: 1) keep in touch with the customer who has not made a deal so that he will always remember you. This is especially important when the customer is ready…

    November 12, 2019
    1.8K0
  • Matters Needing Attention for New Foreign Traders: Foreign Traders should Learn to Identify These 3 Common Traps

    Common Traps in Foreign Trade How to Identify Common Traps in Foreign Trade For many small and medium-sized enterprises, they want to get a “slice of the pie” in international trade and are often afraid of being cheated. In international trade, what are the traps that you may fall into, and how can your enterprise see through and avoid these traps at the same time … this is a problem. Today I will share with you three common traps in the process of foreign trade. Three Common Traps in Foreign Trade Trap ①: Foreign buyers demand credit Many enterprises are hot-headed at the sight of foreign businessmen demanding goods and fail to notice the hidden risks of payment methods. For example, some buyers allow enterprises to sell goods on credit. If they can sell the goods, they will give money. If they cannot sell the goods, they will keep a backlog and transfer the risks to the enterprises. recommends: L/C letter of credit is the best method of payment, and letters of credit issued by reputable banks are required, because…

    November 9, 2019
    7660
  • Experience: What should a newcomer who has just come into contact with foreign trade do?

    Foreign trade as a cross-border transaction, many people think it is quite high before contacting foreign trade, but as a new person contacting foreign trade, they are confused. Because I don’t know where to start and what to do every day. New people often ask in some foreign trade forums: how do new people do foreign trade? What do you do every day? In fact, this is a problem that many foreign trade newcomers are bound to encounter. What are the answers to these two questions? Foreign trade business consulting software is here to give you analysis. First: Do you like foreign trade There is a big difference between loving and loving the results of a job. When you like the foreign trade industry, you will be full of passion and patience in your work, and you will not retreat because of difficulties and difficulties encountered. These will directly affect whether foreign trade orders can be successfully completed and whether foreign trade customers are satisfied with you. If you can serve the customer warmly, carefully and responsibly, leaving him a…

    November 12, 2019
    1.1K0