Quickly build your e-commerce platform with 1Buyo, making it so easy to purchase and transport Chinese goods! Turn your retail website into an online website, where customers can copy Taobao links or search for products themselves to place orders. Systematically manage orders, systematize order management, promote sales and manage your daily work. In previous years, the fourth quarter of each year was the peak period for China's exports. Before 2020 (inclusive), the maximum monthly export value of China was $281.9 billion, and the monthly export value had never exceeded $290 billion. Since 2021, the epidemic has led to global supply chain tension, with prominent issues of shortage of ships, containers, and containers in foreign trade transportation. Sea freight prices have exceeded historical highs, and port congestion is severe. In this context, importers from countries such as the United States and Europe generally hoard a large amount of goods in advance to replenish inventory, which has led to a generally high monthly export scale in China starting from the second half of 2021. From May to August 2022, this effect still exists, with China's monthly exports exceeding 300 billion US dollars. The highest export value of the year occurred in July (the monthly export value was 333 billion US dollars). In the fourth quarter of 2022, with the weakening of this inventory replenishment effect, China's monthly export scale began to decline month on month, but the scale remained around 300 billion US dollars. Although there was a decrease compared to the same period in 2021, historical data shows that the scale is still not small and the trend is not deteriorating. So, the year-on-year decline in China's foreign trade in the fourth quarter of 2022 was caused by the significant fluctuations in monthly export scale caused by the epidemic. Throughout 2022, China's exports remained at a historic high. From this perspective, it may be untenable to infer that China's foreign trade will continue to decline in 2023. In 2022, the United States imported $536.75 billion from China, a year-on-year increase of 6.3%; Imports from EU28 (EU+UK) amounted to $617.27 billion, a year-on-year increase of 12.9%. The United States has indeed strengthened its imports from Europe, but I have not yet seen data on a significant 40% decline in US import orders from China in 2023, nor have I seen data on the transfer of US import orders from China to EU countries. There is no need to avoid or doubt that, according to the data, the economic and trade decoupling between the United States and China is ongoing and has achieved significant results.
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