Traditional foreign trade is a B2C model, which does not rely mainly on the Internet for foreign trade. It is generally a direct connection between domestic enterprises and overseas distributors. The cross-border e-commerce model mainly relies on the Internet platform to reach transactions. It is a new type of foreign trade model, which is mainly divided into two types: B2B and B2C. The traditional foreign trade we are talking about here refers to the B2B foreign trade model.
In 2021, China exported about 336.35 trillion US dollars of goods. Compared with the previous year, the export value increased by nearly 30%. China’s export volume has been growing steadily in the past decade. Except for the 2009 financial crisis and the global economic downturn that led to a slowdown in global trade growth, and the global demand fell again in 2016, China is not only the most populous country, but also the world’s largest manufacturing economy and the largest exporter. The United States and the European Union are China’s main export partners in 2021.
Through the perspective of traditional foreign trade, sellers can know which products in the regional market are in high demand and popular, and judge the demand for product selection from the supply chain. Because the products on the B-end market will eventually flow into the C-end market, sellers with traditional foreign trade experience are more likely to win in cross-border e-commerce and have a better grasp of the supply chain.