reply Nearly 30% of foreign trade enterprises to obtain new orders this month

China Council for the Promotion of International Trade (CCPIT) Business Sector Committee and XTransfer recently jointly released 2023 China's foreign trade exports in July Advance Index snapshot shows that nearly 30% of foreign trade enterprises in the month to get new orders, the number of foreign trade enterprises with new orders than the same period last year, an increase of 17.5%.It is understood that in July, China's foreign trade export advance index was 73.32, an increase of 0.25, a year-on-year decrease of 11.05. It is expected that in August, China's foreign trade export advance index than the July increase range of 1.11 to 1.25.In terms of export destinations, the average number of countries or regions exported by a single MSME was 1.85. Among them, enterprises exporting more than 10 countries or regions accounted for 1%, enterprises exporting more than 3 countries or regions accounted for more than 10%, and the largest number of countries or regions exported by a single enterprise was 34.In terms of trading partners, the top three countries or regions with the highest collection volume of MSMEs are: the U.S., the EU, and ASEAN. the collection volume of RCEP member countries is stable, and the top three countries with the highest collection volume are: Japan, Australia, and South Korea. Exports to Thailand have been energized, with year-on-year growth of 12% in collections, and the top three export categories to Thailand are electromechanical products, base metals and their products, and chemical industry and its related products.Wang Xi, vice president of the CCPIT Business Industry Committee, said: "In July, the exchange rate of the RMB against the U.S. dollar rebounded at a stage. The meeting of the Political Bureau of the Central Committee held on July 24th mentioned that 'the exchange rate of the RMB should be kept basically stable at a reasonably equilibrium level', and it is believed that the impact of exchange rate fluctuations on foreign exports will tend to ease in the second half of the year. The impact of exchange rate fluctuations on foreign trade and exports will tend to moderate."