At the beginning of 2020, the sudden covid-19 burst and swept the whole world rapidly. Due to the covid-19, the connection among the countries even cut off. Then the price of raw material and ocean freight rose sharply. On Feb.24th, the outbreak of war between Russia and Ukraine seriously impacted the trade again. After that, the finance war and energy war broke respectively.
These events cause huge damage to the trade in the whole world.
On March 13th, Shenzhen declared that lock down the city. We know that Shenzhen is an important port in China. Therefore, the foreign trade will not be that smooth. However, one week later, the covid-19 is ranging in Shanghai. Because of that, Shanghai has to lock down the city. This is a huge impact to trade because Shanghai is the biggest port in the world. The lock cause millions of container unable to distribute. What’s more, it brings a huge bad effect to the global logistic.
In the short time, it will cause the freight and logistic industry chaos in Shanghai. While in the long time, it may cause jam and the ocean freight rise.
We can say that the past 3 years are the most hard times for foreign trade. But will it be better in the second half of 2022? Next let’s analyze the factors that affect the trade.
In the foreseeable future, the covid-19 will be a long-term problem for trade. The whole industry should take measures to fight against and avoid the effect caused by it. However, there is still opportunity under the influence of Covid-19. Because the strict control measure, we have recovered from the covid-19 and begin to product. However, suppliers in other countries still suffer from the disease. Thus we have an opportunity to occupy the market.
Turbulent international situation
The war not only causes huge damage to Russia and Ukraine, but also cause the opposition among Russia and other European countries. It hurts the trade seriously but there is not just bad news. For the trade companies in China, we can strengthen the relationship with Russia. Then take place of the suppliers from other countries and become the unique supplier of Russia.
In a word, the foreign trade in the second half of 2022 is still hard. However, there is still opportunity for trade company. All you have to do is face the difficulties and overcome them.