China-Russia trade showed signs of stabilization in May, with imports falling for the first time!
June 12, 2024
In May 2024, Chinas trade data with Russia showed a complex change. According to the latest data analysis by the General Administration of Customs, Chinas exports to Russia in May amounted to $90.9 billion, falling by 1.95% compared to the same year, but the ratio rose by 9.3%. This is the first sign of a halt to stability after a two-digit drop in March and April.
Egypts Suez Canal revenue falls
11 June 2024
In May 2024, Egypt's Suez Canal revenue plummeted sharply to $337.8 million, nearly halving compared to $648 million in the same month of 2023. This phenomenon has drawn widespread attention from the global shipping industry and economic circles. Analysis indicates that the primary reason for the decline in Suez Canal revenue is the persistent attacks launched by Yemen's Ansar Allah (Houthi) group, particularly...
Singapore port congestion crisis: global shipping prices jump!
7 June 2024
On June 3, local time, global shipping giant Maersk Group said there were signs of further congestion in global ports, in Asia and the Middle East, due to the strong demand of the container market and the chaos caused by the Red Sea crisis.
Korean instant noodles are booming worldwide: export value exceeds US$100 million for consecutive months!
5 June 2024
韓國農林畜產食品部近日發布的數據顯示，5月份韓國方便面出口額達到1.073億美元，連續兩個月突破1億美元大關，顯示出全球市場對韓國方便面的需求持續增長。 根據官方數據，今年4月，韓國方便面出口額首次突破1億美元大關，達到1.0859億美元，同比...
The European Central Bank may become the global leader in interest rate cuts, and the market is ushering in a watershed!
4 June 2024
隨著全球主要央行紛紛觀望，美國保持不動，亞洲央行謹慎行事，歐洲央行本周極有可能成為全球降息潮的領頭羊，預示著全球貨幣政策的“分水嶺時刻”即將到來。 本周四，歐洲央行將召開議息會議，市場普遍預期該行將宣布降息25個基點。業內人士認為，歐洲...
Dragon Boat Festival merchandise is hot-selling around the world: traditional Chinese style sachets and dragon boat pendants are leading the trend!
3 June 2024
端午節臨近，中國傳統文化的魅力再次在全球范圍內掀起了一股熱潮。在浙江義烏這個享有“世界小商品之都”美譽的城市，五彩繩、香囊、手鏈等端午節商品成為市場上的“爆款”，一時間供不應求。 在浙江義烏國際商貿城一區的一家店鋪內，展示了數百款色彩艷...
Export procedures, precautions and practical suggestions for construction vehicles
May 31, 2024
The export of engineering vehicles involves a number of steps and requirements that require strict compliance with the regulations of the customs and related departments. This article will describe in detail the procedures and attention needed for export engineering vehicles (such as compressors, plates, concrete pumps, etc.) and provide some practical advice.
U.S. retailers respond to consumer downgrades during the summer promotion season
May 31, 2024
Although June has not officially arrived, the overwhelming 618 promotional advertisements may have already left many Chinese consumers feeling numb. In the United States, although retailers have never had the habit of participating in 618, the traditional summer sales season has indeed begun. Various signs indicate that this years summer sales, against the backdrop of American consumers downgrading, appear particularly crazy...
Macron called for a ”Europe first strategy to promote EU autonomy and unity!
30 May 2024
During a state visit to Germany, French President Emmanuel Macron called on the EU to adopt a “European priority” strategy, especially in key areas such as defence, space and other European products. This appeal is important in the current context of increasing global competition.
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