Why do exported goods become more expensive the closer we get to the Chinese New Year?

Why do exported goods become more expensive the closer we get to the Chinese New Year?

1. Chinese New Year is the most important festival of the year for Chinese people, it means reunion, family and friends gathering for Chinese people, and for some people it is even the only time they get together once a year, so everyone wants to take a vacation as early as possible before Chinese New Year and go home earlier.

2. Chinese New Year usually has more than ten days or more of vacation, during which it's hard to reach them at any time as you used to, and it can be said that there will be a certain degree of stagnation.

3. As a result, everyone will try to ship before the Chinese New Year, and this may lead to an increase in shipping costs.

4. Another reason is the exchange rate at the end of this year, which is very unfavorable for exporters, and the loss in exchange rate can only be compensated by increasing the price.

5. Most Chinese cities have entered winter, and the transportation inconvenience caused by heavy snow will also lead to an increase in freight costs.

Therefore, we suggest our customers to make early arrangements during this period.