{"id":12513,"date":"2023-06-12T06:30:32","date_gmt":"2023-06-12T06:30:32","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=12513"},"modified":"2023-06-30T13:39:34","modified_gmt":"2023-06-30T13:39:34","slug":"alibaba-survey-exports-to-china-are-rising-but-challenges-remain","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/alibaba-survey-exports-to-china-are-rising-but-challenges-remain\/","title":{"rendered":"Alibaba survey: Exports to China are rising \u2013 but challenges remain"},"content":{"rendered":"

A new survey by Alibaba shows that European businesses see exports as way to overcome domestic pressures. However, potential drags on exports include supply chain snarl-ups, red tape and cultural challenges<\/h2>\n

Seven in ten European businesses expect their exports to grow next year, a welcome boost to revenues at a time of rising costs, according to a new survey.<\/p>\n

At a time of economic uncertainty and rampant inflation, just under four in five survey respondents said exports have relieved pressure on their businesses by diversifying revenues.<\/p>\n

Four in five European businesses are already exporting, and 70% expect their exports to increase next year, e-commerce giant Alibaba Group\u2019s latest research revealed. The report was based on a survey of over 9,000 European businesses across nine markets between 21 February and 2 March 2023.<\/p>\n

\"launchpad<\/a><\/p>\n

Over a quarter of respondents export to other countries in the European Union, 21% to North America and 19% to China, the survey showed. Italy has the highest proportion of businesses that export at a whopping 91%. Belgium and Denmark follow closely behind both at 90%.<\/p>\n

On average, business owners surveyed said they had derived just over half of their annual revenue from exports during the past 12 months, highlighting the importance of open trade. Business owners also reported exporting had fueled innovation across their operations, increased headcount and encouraged broader product ranges.<\/p>\n

The briefing, called the Export Opportunity Report<\/a>, showed 79% of companies found that exporting had strengthened businesses in several meaningful ways.<\/p>\n

\u201cThese findings reveal that businesses that export are more resilient, innovative, can attract and retain top talent and, critically, they are achieving growth in the currently challenging business climate,\u201d said Michael Evans, Director and President of Alibaba Group, which supports thousands of European businesses to export globally with technology, expertise and logistics infrastructure.<\/p>\n