On September 5th, XTransfer, a one-stop cross-border financial and risk control service company for foreign trade enterprises, and the Business Industry Committee of the China Council for the Promotion of International Trade, released the "RCEP for Exports of Small, Medium and Micro Foreign Trade Enterprises in China from January to August 2022" at the 2022 China International Service Trade Fair. Regional Activity Index.

The report pointed out that since RCEP took effect for more than half a year, from the "construction" of 10 countries at the beginning of the year to the current "joint effort" of 13 countries, the "circle of friends" of RCEP member countries has continued to expand, not only bringing real benefits to the vast number of import and export enterprises and consumers. The real dividends also help countries in the region to enhance their comprehensive trade competitiveness and strengthen win-win cooperation.

From January to August 2022, Chinese small, medium and micro foreign trade enterprises will achieve positive growth in the amount of receipts from all trading partners in the RCEP region. The number of small, medium and micro foreign trade enterprises exporting to countries in the RCEP region increased by 36.4% year-on-year; during the same period, the proportion of the receipts of small, medium and micro foreign trade enterprises exporting to the RCEP region increased by 2.79%. Against the background of complex and severe international situation, the trade promotion effect of RCEP on China's small, medium and micro foreign trade enterprises is rapidly emerging.

From the perspective of export destinations, the top three destination countries in terms of receipts of small, medium and micro foreign trade companies exporting to the RCEP region are: South Korea, Japan, and Singapore; the top three destination countries in terms of growth rate of receipts are: Singapore and the Philippines. ,Indonesia.

The report pointed out that the level of receipts of small, medium and micro foreign trade enterprises exporting to South Korea and Japan is at a high level, accounting for about 32.1% of the total receipts in the RCEP region. RCEP officially came into effect, marking the first free trade relationship between China and Japan, with Japan implementing zero tariffs on 88% of my country's goods. This is also the first time that China, Japan and South Korea have reached a common free trade agreement, which is conducive to the economic and trade integration of Northeast Asia.

The proportion of Chinese small, medium and micro foreign trade enterprises exporting to Vietnam has slightly decreased. The possible reason is that Vietnam and China have a certain degree of competitiveness in the international market in the machinery and textile industries, and their dependence on my country's supply chain has weakened. Considering that Vietnam's tariff preference for these two types of products in my country is not in place at one time, the promotion effect of the RCEP policy is relatively small.

In addition, from the perspective of export area, the top three provinces (cities) in terms of the amount of money received by small, medium and micro foreign trade enterprises exporting to the RCEP area are: Guangdong, Shanghai, and Zhejiang. Since the RCEP took effect for more than eight months, small, medium and micro foreign trade enterprises have handed over a dazzling "report card", which not only reflects the resilience of my country's foreign trade, but also brings more room for development in the future.