Japans seafood exports fell 28% in October
7 December 2023
According to the South Korean Ministry of Trade, Industry and Energy on the 10th, the deputy minister...
European carmakers lag behind China and the U.S. in competition for raw materials for electric vehicle batteries
December 6, 2023
European automakers lag significantly behind US and Chinese competitors in the race for electric vehicle battery raw materials, according to a new research report from Brussels-based Transport & Environment (T&E). The report, based on analysis of public contracts, shows European manufacturers can only secure one-sixth of the critical raw materials needed to meet 2030 EV battery sales targets...
Kazakhstan strengthens resource export control
5 December 2023
The Kazakh government has recently taken a series of key measures to restrict its exports of natural resources and energy products. These measures involve black metal and non-ferrous metal waste, coal and exports of liquefied petroleum gas, propane and tinate, showing strategic actions taken by the country in the global resource market. First, the Kazakh government announced that it would...
Global shipping faces dual challenges: the drought of the Panama Canal and the security threat of the Suez Canal
4 December 2023
The two world’s largest shipping gorges, the Panama Canal and the Suez Canal in Egypt, have faced serious transportation challenges in recent years. The drought crisis in the Panama Canal has caused congestion, while the Suez Canal has been affected by security threats and potential additional pressure. The two shipping channels have had a significant impact on global trade, forcing many shipping companies and export companies to rethink the issue.
At the end of the year, high-season sellers face rising airline prices and operational tensions
December 1, 2023
As the end of the year approaches, the cross-border e-commerce market has entered the boom season, but at the same time, sellers also face major challenges in air transport logistics. According to recent market feedback, after entering October, air transport prices continue to rise, mainly due to the joint role of several key factors.
The General Administration of Customs relaxes processing trade measures to promote stable economic development
November 28, 2023
In order to stimulate the potential of processing trade and contribute to the stable development of the economy, the General Administration of Customs issued the Announcement on the implementation of measures to relax the deadline for the declaration of deep processing and concentration of processing trade (Announcement of the General Administration of Customs No. 166 of 2023) These new measures will be implemented from November 14, 2023, mainly including: 1.
Global intermediate product exports will continue to decline in 2023
24 November 2023
In the second quarter of 2023, global exports of intermediate goods (Intermediate Goods, IG) showed a continuous downward trend, with a year-on-year decrease of 8%, totaling $2.3 trillion. This decline is due to reduced global consumer demand, mainly affected by high inflation and high interest rates, as well as stagnant commodity prices. In addition, the IG indicator of global supply chain activities, namely...
Thailand’s Land Bridge Project: Expected to Redirect the Global Shipping Pattern
22 November 2023
The Thai government recently launched a massive project worth $28 billion aimed at building a “land bridge” to circumvent the bustling Malacca Strait. This initiative is expected to significantly reduce shipping time between the Indian and Pacific Oceans while reducing transport costs and has a profound impact on global shipping.
The impact of the growth of US oil exports on the global oil market
20 November 2023
In recent years, U.S. oil production has continued to grow, especially in the first nine months of 2023, with oil exports to overseas markets increasing by one-fifth compared to 2022, reaching about 4 million barrels per day. This growth has had a significant impact on the global oil market, especially against the backdrop of OPEC+ countries implementing production cuts.
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