What challenges are small, medium and micro foreign trade enterprises facing? PingPong Fumao promotes the high-quality development of foreign trade enterprises
In 2022, my country’s foreign trade import and export will increase by 7.7% year-on-year in 2021. According to customs statistics, the total import and export value of my country’s goods trade is 42.07 trillion yuan. Among them, exports were 23.97 trillion yuan, an increase of 10.5%; imports were 18.1 trillion yuan, an increase of 4.3%.
The export growth data is considerable, and many small, medium and micro foreign trade enterprises have made outstanding contributions. In the first half of 2022, my country’s import and export performance shows that there are 425,000 private enterprises, with exports of 6.63 trillion yuan, an increase of 18.9%, accounting for my country’s total export value 59.5%.
Judging from the data of the past two years, small, medium and micro foreign trade enterprises have become the absolute “main force of foreign trade”. What challenges are small, medium and micro foreign trade enterprises facing?
Compared with large-scale foreign trade enterprises, the barriers to competition are strong, and the ship is large and stable. Under the market fluctuations, small, medium and micro foreign trade enterprises are facing greater challenges.
Marketing Acquisition Challenge
Affected by the global epidemic and other factors, foreign trade operators face challenges in customer development, such as the loss of original customers and the inability to participate in exhibitions abroad.
Payment Settlement Challenge
In the payment and settlement process, exchange rate fluctuations are the most common challenge encountered by many foreign traders. Correspondingly, some foreign traders have tried strategies such as using foreign exchange locking tools and studying foreign exchange trends to reduce foreign exchange fluctuation losses.
For foreign trade enterprises, the security and timeliness of payment are very important. Traditional bank settlement is not only expensive, but also unsatisfactory in the time it takes to receive money into account. To balance safety and efficiency, it is a good way to use third-party payment tools. As a brand of PingPong Group, Fumao is a good choice for foreign trade B2B payment solutions.
PingPong Fumao is committed to escorting foreign trade merchants to sea with high efficiency and low cost. With convenient and safe cross-border financial products and anti-money laundering risk control capabilities, it meets the needs of enterprises as much as possible, and has served thousands of small, medium and micro foreign trade enterprises.
In order to help small, medium and micro foreign trade enterprises effectively avoid the impact of exchange rate fluctuations on normal production and operation, and improve the ability to resist risks caused by exchange rate fluctuations, PingPong Fumao has launched “pending order cash withdrawal” and “reservation The “exchange” function can help everyone withdraw cash at a more satisfactory exchange rate, exchange currency, and get more profits.
How to serve the main body of foreign trade enterprises and help enterprises reduce costs and increase efficiency?
In order to help small and medium-sized foreign trade companies truly realize cost reduction and efficiency increase, and go overseas in compliance. PingPong Fumao has saved more than 30,000 hours for customers through expedited cash withdrawals, and can provide an important platform and technical support for small and medium-sized foreign trade companies to quickly withdraw funds, conduct business efficiently, and seize foreign trade opportunities to continuously expand their business scale.
Chinese foreign trade companies have different category opportunities in different countries such as East Asia, the European Union, North America, ASEAN, the Middle East, West Asia, Africa, and Latin America. No matter how the global situation changes in the future, my country’s door to the outside world will always be open. It will build a global trade bridge for foreign trade companies that breaks through the constraints of time and space, and inject new momentum into promoting the formation of a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles promoting each other. PingPong Fumao will continue to help foreign trade companies secure orders, stabilize customers, avoid risks, and boost the high-quality development of foreign trade companies.