Will the sharp decline in China's foreign trade growth have an impact on the market of cfr incoterms?
China's exports grew just 3.9% in April from a year earlier, down sharply from 14.7% the previous month, according to import and export data released by the General Administration of Customs. In the Yangtze River Delta region, the growth rate of imports and export in Jiangsu, Zhejiang and Shanghai all dropped from January to April. In terms of industry, in labor-intensive areas, textile products, furniture, and clothing export growth rate has fallen sharply. Exports of mechanical and electrical products rose only 0.11% year-on-year in April, the slowest growth since June 2020. Among them, as the traditional advantage of Jiangsu foreign trade field, In April Jiangsu electromechanical products export is down 16%.
In the near future, the price of global container shipping is adjusted, and freight of partial routes appears to decline to a certain extent. According to the FBX index published by the Baltic Maritime Exchange, FBX containerships (mainly shippers' prices) continued their downward trend on May 26th, averaging $7,851 (down 7% from the previous month) and down nearly a third from their all-time high in September last year.
Among them, the freight rates of China/Far East and North America west Coast routes decreased by 45.9% to $11,440 /FEU (16% lower than the previous period), and the freight rates of China/Far East and North America east Coast routes decreased by 34.3% to $14,570 /FEU (9% lower than the previous period). China/Far East - Northern Europe fell 29.7% to $10,583 /FEU (flat from previous).
But on May 20th the Shanghai Shipping Exchange published SCFI, which is mainly quoted from shippers, showing rates on the Shanghai-West America route down just 2.8% from their peak. This is mainly due to the actual carrier and actual shipper price difference caused by big.
Factors affecting freight forwarder cfr incoterms Freight transportation
In international freight transport, one of the most concerning issues is the price of freight transport. The cost is directly related to the cost of transportation. Because many exporters do not understand the price of transportation very much, and often have a lot of extra spending, then today to understand the factors of the price of international freight transportation?
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The transportation prices are different for different cfr incoterms
In the general international trade process, the price of transport according to different modes of transport, price is also different. International freight rates are divided into sea freight, air freight and rail freight.
The specific cfr incoterms freight rate can also be subdivided. For example, rail freight can be divided into passenger freight and freight. Shipping rates are also divided into tramp rates and liner rates. Tramp rates are also affected by market supply and demand relations at that time, while liner transport costs are relatively fixed. Airfreight can be divided into general goods, designated goods and special goods, and the specific transportation price is also determined according to the weight of transportation, at the same time, even if the volume is small, the weight is also counted by weight, but if the opposite is large, small weight, also according to the specific volume to calculate.
The choice of international logistics, the quality of logistics will affect the seller's store score, but also affect customer satisfaction rate.
Factors affecting the shipping price of cfr incoterms
In the process of international transportation, there are many factors affecting the price of transportation, in addition to some fuel and labor costs, there are many important factors. For example, the nature of the cfr incoterms, its own value and packaging form, as well as stowage factor and transporter's requirements for transportation, etc. There will be some fixed costs during the use of the ship, such as the ship's maintenance insurance and fuel consumption. There is also the change of supply and demand in the cfr incoterms market. In the transport off-season, transport prices are relatively low, in the transport of the peak season, transport prices will be relatively high.
Logistics advantages of the cfr incoterms in the destination country and region
In Eastern Europe, DHL has advantages in Romania, Bulgaria, Moldova, Hungary and other places while EMS has advantages in Greece, Russia, Turkey and other places. Western Europe, Northern Europe, southern Europe can use DHL international express, TNT international express, these two kinds of customs clearance capacity. TNT has a clear advantage in the Netherlands and Belgium.
For Canada, the United States and other American countries, FedEx, UPS and DHL are all suitable for their strong customs clearance capacity and fast time.
Applicable to Asia, South Korea, Japan, Thailand and other Southeast Asian countries DHL, FedEx. DHL and FedEx are time-saving, but THE price of DHL is higher. Indonesia also suggests USING DHL because it has a stronger customs clearance capacity.
In Oceania, DHL and UPS aging fast, with high prices; TNT and FedEx have lower prices but relatively few outlets. Particular attention should be paid to the "Made in China" label on the packaging of Australian products.
Middle East express ARAMEX, EMS for Middle East region. Commercial express in Africa is very expensive. In remote areas, IT is suggested to send EMS international express. EMS countries have the strongest customs clearance capacity. The air express cfr incoterms can reach many countries and regions that commercial express and postal express cannot reach, so the wide range of cfr incoterms transportation is its advantage.
Contact a professional freight forwarder- D DPFORWORLD-Professional freight forwarder in China
Freight forwarders with large volumes of business can get large international express at lower discounts; And personal orders directly official, the price will certainly be more expensive. Secondly, the freight forwarders are skilled in business and are very familiar with the channels and market conditions of major international express companies. Know what to send, what to send and how to send. Directly report demand, for you to match the most cost-effective logistics, save worry and money.
Do You Need Freight Forwarders ? DDP for World is a full-service and shipping forwarder dedicated to assisting our clients in focusing and growing their businesses. We do DDP shipping since 2015 by handling home décor, Pet products, battery, power banks, DG cargo, general cargo and Amazon FBA forwarding service. We make your shipping easier and faster by Sea, Air, Express, Truck or Railway. If you have any questions or needs about freight forwarder, please feel free to contact us, we will serve you wholeheartedly.
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