Analysis of Opportunities in Global Trade

The position of emerging markets and developing countries in global trade is increasingly prominent, with China and India playing important driving roles. As the world's second-largest economy, China has maintained its position as the world's largest trading nation in goods for several consecutive years. In 2024, the trade between China and the countries along the "the Belt and Road" will continue to grow, and the trade volume in the first half of the year will increase by 3.74% year on year. China's export structure continues to optimize, with mechanical and electrical products accounting for nearly 60% of exports. Although the growth of new energy vehicle exports has slowed down, traditional fuel vehicle exports have grown rapidly. At the same time, China actively explores emerging markets and has seen significant growth in trade with regions such as ASEAN and Latin America.

As another emerging market powerhouse, India has a huge population base and a growing middle class, with enormous potential in the consumer market. In recent years, India has made significant achievements in fields such as information technology and pharmaceuticals, and its export products have gradually increased their share in the global market. India, like China, is also actively participating in global trade cooperation and strengthening trade exchanges with neighboring countries and regions.

China's "the Belt and Road" initiative has brought major opportunities to global trade. The "the Belt and Road" initiative, like a link, connects countries along the line. It is not only a path of economic cooperation, but also an important bridge for technology transfer and economic growth. In the first half of 2024, the total agricultural trade between China and the countries along the "the Belt and Road" will reach 66.63 billion US dollars, accounting for 42.1% of China's total agricultural trade, despite a year-on-year decline of 7.1%. Among them, exports amounted to 22.91 billion US dollars, an increase of 3.4%; Imports amounted to 43.72 billion US dollars, a decrease of 11.8%. The trade deficit narrowed by 24%.

The changes in trade policies between the European Union and the United States have also had some impact. The EU places greater emphasis on "strategic autonomy" in the face of global challenges. If Trump returns to the White House, it may lead to a further decline in the credibility of US commitments to global issues, further strengthening the EU's determination for "strategic autonomy". This will bring marginal opportunities for improvement in China EU economic and trade relations. Since Trump imposed tariffs on China in 2018, the EU's overall dependence on imports from China has shown an upward trend, and the economic and trade relations between China and Europe have become even closer.

Foreign trade opportunities and risks coexist in the US market. The foreign trade opportunities in the US market in 2024 can be analyzed from multiple aspects, including trade trends, policy changes, market demand, etc. Both goods trade and service trade maintain a growth trend, with diversified trading partners and new opportunities brought about by policy adjustments. The market demand for high-tech and green products continues to grow. However, the uncertainty of US trade policies has also brought risks to foreign trade enterprises.

The digital economy and artificial intelligence have brought new opportunities for global trade. Digital trade is a new form of trade that breaks down the boundaries of time, space, and physics. It refers to all international trade that is ordered and/or delivered digitally. The 2024 Digital Economy Special Topic points out that digital trade is a new form of trade that has emerged with the emergence and development of the digital economy. Digital delivery trade includes digital technology trade, digital service trade, digital product trade, and data trade.

The trade transformation under the digital economy has brought many opportunities for enterprises. The use of artificial intelligence and big data analysis can optimize supply chain management, marketing, and customer relationship management, helping companies predict market demand more accurately, improve production efficiency, and customer satisfaction. The application of blockchain technology in supply chain transparency, product traceability, and smart contracts will promote the automation and transparency of the trade process, reducing transaction costs and risks.

The trade of green energy related products is growing rapidly. With the global emphasis on environmental protection and sustainable development, investments in green technologies and clean energy are favored. Investing in green technology and clean energy not only reduces costs and environmental impact, but also helps meet increasingly strict environmental regulations and market standards. For example, although the growth of new energy vehicle exports has slowed down, the development momentum remains strong.