Li Xingqian, director of the foreign trade department of the Ministry of Commerce, said at a press conference of the State Council on July 22 that since the beginning of this year, difficulties such as rising raw material prices, poor shipping logistics, large exchange rate fluctuations and rising labor costs have led to rising operating costs of foreign trade enterprises and squeezed profit space. Some foreign trade enterprises "don't want to take orders" and "increase production without increasing profits", Small and medium-sized foreign trade enterprises are more affected. In terms of the rise of raw material prices, the analysis shows that the international transmission of prices is the main reason, and the rapid increase of domestic and foreign demand further intensifies the momentum of price rise, which brings great pressure to production enterprises and foreign trade enterprises. The Ministry of Commerce said that it would closely track and monitor the price trend of bulk commodities with local departments, promote import diversification, build stable foreign trade channels for bulk commodities, and the prices of some bulk commodities have fallen. The Ministry of Commerce has been closely following the practical difficulties faced by foreign trade enterprises. On the basis of in-depth analysis, research and judgment, it will further improve the trade policy toolbox, optimize the business environment, reduce enterprise costs, and support various market players, especially small, medium-sized and micro foreign trade enterprises, to stabilize production and develop healthily.
Ministry of Commerce: international transmission is the main reason for the rise in raw material prices https://news.smm.cn/news/101548164