In the end of 2019 and the beginning of 2020, a huge disease Covid-19 attacked the whole world and hurt the foreign trade industry deeply. While in 2021, the freight and raw material prices rose sharply. Foreign trade industries experienced the hardest 2 years in 2020 and 2021. How long will the hard time last? Is there any favorable turn in 2022?
Look back at the hard time, Chinese foreign trading achieve the growth against trend. Though they suffered from the most serious disease. There are two reasons that China can achieve growth when other countries fell. One is that China is the “world factory”. People can’t keep the normal life without Chinese goods. The other one is that Chinese government took the most strict measures to control the Covid-19. In the meantime, China supplied most of the medical supplies like mask.
Then will the foreign trade industry turn to good in 2022?
According to our analyze, the foreign trade will be better than the former two years generally. The reasons are as following.
First is the control of Covid-19
With the popularization of vaccine and the effort of the whole world, the Covid-19 get a certain control. Though the situation is still serious, but it’s much better than last 2 year.
The recover of Europe and America
To keep the economy grow, Europe and America declare recover the production and commercial activities. Therefore, they will need more raw materials and will constantly strengthen the economic relationship with other countries. This will contribute to the commodity circulation, further good to foreign trading.
The huge power of China
In recent years, China becomes the main power of global economy increase. With the development of “Belt and Road Initiative”, more and more countries benefit from it. We can say that it will continually benefit to the relevant countries as well as the global trading.
As one of the foreign trade companies, we OrientFlex keeps a positive attitude to the situation in 2022. We will constantly focus on the changes of international situation and do some relevant adjustment.