Chinese New Year 2023: What is the impact on foreign trade?

Chinese New Year is an ancient tradition that celebrates the turn of the year based on the lunar calendar. Unlike New Year in Brazil, this celebration occurs on different dates each year.

Importance for Foreign Trade

Professionals working in foreign trade must be aware not only of customs processes but also of global events that directly affect negotiations. A crucial example is the Chinese New Year, which can significantly influence delivery times and product availability.

Celebrated in Various Countries

Chinese New Year is not only celebrated in China. Countries like Japan, South Korea, and Chinese communities around the world also participate in the festivities. This holiday is so important that markets and shops can close for up to 15 days.

Brazil-China Trade Relations

China is the world’s leading exporter and has close trade relations with Brazil. The cultural and geographical differences between the countries are reflected in the impact of Chinese New Year on trade. Ignoring this calendar can cause significant disruptions, such as delivery delays.

Traditions of Chinese New Year

Chinese New Year celebrations are filled with traditions. This holiday is one of the most important for the Chinese, with celebrations that can last up to a week. During this period, it is common to see red decorations symbolizing prosperity, as well as lanterns and fireworks.

Family Reunion and Superstitions

Chinese New Year is a time for family reunions. Many Chinese return to their hometowns to celebrate with their loved ones, exchanging gifts and enjoying traditional meals. There are also superstitions, such as avoiding sweeping the house to not drive away good luck.

Chinese Calendar and Animals

Chinese tradition associates each year with one of the 12 animals that attended a meeting called by Buddha: rat, ox, tiger, rabbit, dragon, snake, horse, goat, monkey, rooster, dog, and pig. Additionally, each year is influenced by one of the five elements: metal, wood, water, fire, and earth.

Chinese New Year and Foreign Trade

During Chinese New Year, commercial activities in China virtually cease. This holiday directly affects everyone who has trade relations with China. It is essential that importers have detailed logistical planning to avoid disruptions.

Tips for Importers

  1. Pay Attention to Deadlines: In the weeks leading up to Chinese New Year, manufacturers only accept orders that can be completed before the holiday.
  2. Logistical Planning: Detailed logistical planning is crucial, aligning with each service provider responsible for the stages of the import process.

Chinese New Year is a celebration rich in traditions and culture, with significant impacts on global trade. To ensure smooth commercial operations, it is essential that importers and businesspeople plan adequately, respecting this important Chinese holiday