At present, affected by the international epidemic situation, the comprehensive operating costs of foreign trade enterprises in Our city are constantly rising, and even lead to some enterprises facing the embarrassing situation of increasing income but not increasing profits. In order to fully understand the relevant situation of enterprises, the city has carried out a questionnaire survey for 1,000 key sample enterprises. The specific situation is as follows:
- Difficulties for businesses
(1) The rising comprehensive cost affects the export development of enterprises. Since the beginning of the year, shipping logistics transportation costs are high, raw material prices, rising labor costs, the RMB exchange rate volatility risk, superposition of the outbreak of market instability, greatly squeezed the city shoes, clothing, glasses and other key light industry profit space, lead to many enterprises production situation continues to improve, but the enterprise benefit growth, even some enterprises into the production of the more benefit the lower the embarrassing situation, according to 1000 key monitoring enterprise research data show that 44.6% of enterprises said comprehensive cost rising pre-tax profits fell by more than 5%. Taking the eyewear manufacturing industry in our city as an example, the average labor cost accounts for 35% of the product selling price, and the labor cost increases by 5-10%, which is equivalent to squeezing 1.75-3.5% of the product profit.
(2) Export products are susceptible to external factors. The export products of our city are mainly labor-intensive products such as shoes, clothing, bags and textiles (accounting for about 30% of the city’s export volume). As the main export markets of Our city, European and American countries have been repeatedly affected by the epidemic. People’s willingness to travel has decreased, and the demand for shoes, clothing, bags and other products has decreased significantly. As a result, the export growth rate of key industries such as shoes, clothing and bags in Our city is not as expected, and footwear has not even recovered to the level of 2019.
(3) The shortage of international logistics leads to the overstock of enterprises. At present, the epidemic is repeated in the overseas export market, and the “hard to find” of export containers ” and the high international shipping costs still exist. The high freight cost has greatly hindered the export development of enterprises. According to the statistical data of the city’s inventory enterprises, the inventory value of 31 key enterprises in the city is about 410 million yuan, and the value of inventory is down 190 million yuan compared with the third quarter. Although the inventory has been relieved, the inventory pressure is still very large.
2. Policy suggestions on stabilizing foreign trade
In order to better serve the city’s foreign trade enterprises and promote the high-quality development of foreign trade, according to the results of the questionnaire survey of the city’s key foreign trade enterprises (multiple choices, there are many suggestions for one enterprise), the enterprise mainly has the following three policy demands in three aspects.
(1) Increasing financial support. Affected by the rise of comprehensive costs, the pressure of enterprise operating capital has increased. 47% of enterprises believe that financial subsidies and financial support still need to be improved. It is suggested that banks and other financial institutions increase corporate credit support, innovate credit products, and increase the risk tolerance of innovative businesses such as “order loan” and “insurance policy loan”.
(2) Improve the level of trade facilitation in the whole city. According to the questionnaire statistics, 36.84% of the regulated enterprises expect the city to introduce relevant policies on trade facilitation, such as optimizing the import and export approval, the efficiency of port customs clearance process and other related links.
(3) Increase policy support for exploring the international market. According to the questionnaire data statistics, 47.37% of the adjusted enterprises suggested that the city increase policy support in overseas warehouse, export credit insurance and other aspects, optimize the layout of overseas warehouse, improve the general export credit insurance subsidies, and help the city’s foreign trade enterprises to vigorously explore the international market.
(Submitted by Wenzhou Municipal Bureau of Commerce)