China's trade in goods totaled 23.6 trillion yuan in the first seven months of this year, up 10.4 percent year on year, according to the General Administration of Customs. Foreign trade has overcome many adverse effects and achieved rapid growth. Dollar-denominated exports rose 18 per cent in July from a year earlier, faster than overseas media and economists had widely expected. Overseas media and experts believe that the latest foreign trade data highlights the resilience of the Chinese economy and provides support for the country's steady economic development.
China's exports, which have been recovering strongly in recent months, remained surprisingly resilient in July, again defying global expectations of weaker demand for Chinese-made goods, The Wall Street Journal reported. Official data showed China's exports grew more than the newspaper's median forecast in July from a year earlier.
An article in Singapore's Lianhe Zaobao newspaper said China's dollar-denominated exports rose 18% in July from a year earlier, higher than the median forecast of several specialist research institutes. Cumulative exports grew faster than expected between January and July, defying expectations that weaker global demand would weigh on trade and providing strong support for the Chinese economy.
Bambang Suryono, chairman of the Asian Center for Innovation Studies, an Indonesian think tank, told Xinhua that China's latest export figures are bright, showing the rapid recovery of manufacturing capacity in China. China's economy is expected to continue to strengthen solidly in the coming months, helped by a rebound in exports.
"The latest figures reflect the steady improvement in China's foreign trade and economy in the first seven months of this year, which once again proves that mutual benefit and win-win cooperation is the right way to boost the world economy," said Ong Techeng, a Singapore-based political commentator.
Brendan Ahern, chief investment officer at US fund manager Kim Swee, said the strong latest Chinese export figures were a strong indicator that the world economy was continuing to grow in the face of adverse shocks.
Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics, a US think tank, told Xinhua that exports continued to rise more than expected, showing that the Chinese economy is becoming more competitive.
Evandro Carvalho, director of the Pakistan-China Research Center at the Vargas Foundation in Brazil, said the latest data show that China has the necessary conditions to continue to achieve sustainable and high-quality growth. With economic development, the number of middle-income people will continue to expand. These factors will help China's economy achieve a virtuous circle and keep moving forward.
Factors affecting freight forwarder incoterm exworks Freight transportation
In international freight transport, one of the most concerning issues is the price of freight transport. The cost is directly related to the cost of transportation. Because many exporters do not understand the price of transportation very much, and often have a lot of extra spending, then today to understand the factors of the price of international freight transportation? Do You Need Freight Forwarders? China DDP for World is a full-service and shipping forwarder dedicated to assisting our clients in focusing and growing their businesses. Send an Email to email@example.com and get the latest freight price.
The transportation prices are different for different incoterm exworks
In the general international trade process, the price of transport according to different modes of transport, price is also different. International freight rates are divided into sea freight, air freight and rail freight.
The specific incoterm exworks freight rate can also be subdivided. For example, rail freight can be divided into passenger freight and freight. Shipping rates are also divided into tramp rates and liner rates. Tramp rates are also affected by market supply and demand relations at that time, while liner transport costs are relatively fixed. Airfreight can be divided into general goods, designated goods and special goods, and the specific transportation price is also determined according to the weight of transportation, at the same time, even if the volume is small, the weight is also counted by weight, but if the opposite is large, small weight, also according to the specific volume to calculate.
The choice of international logistics, the quality of logistics will affect the seller's store score, but also affect customer satisfaction rate.
Logistics advantages of the incoterm exworks in the destination country and region
In Eastern Europe, DHL has advantages in Romania, Bulgaria, Moldova, Hungary and other places while EMS has advantages in Greece, Russia, Turkey and other places. Western Europe, Northern Europe, southern Europe can use DHL international express, TNT international express, these two kinds of customs clearance capacity. TNT has a clear advantage in the Netherlands and Belgium.
For Canada, the United States and other American countries, FedEx, UPS and DHL are all suitable for their strong customs clearance capacity and fast time.
Applicable to Asia, South Korea, Japan, Thailand and other Southeast Asian countries DHL, FedEx. DHL and FedEx are time-saving, but THE price of DHL is higher. Indonesia also suggests USING DHL because it has a stronger customs clearance capacity.
In Oceania, DHL and UPS aging fast, with high prices; TNT and FedEx have lower prices but relatively few outlets. Particular attention should be paid to the "Made in China" label on the packaging of Australian products.
Middle East express ARAMEX, EMS for Middle East region. Commercial express in Africa is very expensive. In remote areas, IT is suggested to send EMS international express. EMS countries have the strongest customs clearance capacity. The air express incoterm exworks can reach many countries and regions that commercial express and postal express cannot reach, so the wide range of incoterm exworks transportation is its advantage.
Factors affecting the shipping price of incoterm exworks
In the process of international transportation, there are many factors affecting the price of transportation, in addition to some fuel and labor costs, there are many important factors. For example, the nature of the incoterm exworks, its own value and packaging form, as well as stowage factor and transporter's requirements for transportation, etc. There will be some fixed costs during the use of the ship, such as the ship's maintenance insurance and fuel consumption. There is also the change of supply and demand in the incoterm exworks market. In the transport off-season, transport prices are relatively low, in the transport of the peak season, transport prices will be relatively high.
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