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Vietnamese Exports Slump But Its Consumers Are Buying Cars

UncategorizedMay 4, 2023531Views 0Likes 0Comments

The steep drop in Vietnam’s exports and imports during the first quarter of 2023 points to vulnerabilities in the country of around 100 million’s economy, as well as slumping factory orders and business confidence around the world. Vietnam’s quarterly exports fell 11.8% year-on-year to $79.3 billion in the first three months of 2023. Trade makes…

Electric Vehicles Are Boosting Global Trade

UncategorizedApril 14, 2023485Views 0Likes 0Comments

In what’s meant to be a bum year for the global economy, world commerce is getting a boost from automotive trade, especially in electric vehicles. Chinese exports of motor vehicles more than doubled in March, rising 123.8% year-on-year to $7.4 billion. A huge chunk of China’s auto industry has gone electric. In 2022, 44.7% of…

Why Global Trade in Rare Earth Elements is Growing and Diversifying

UncategorizedMarch 13, 2023449Views 0Likes 0Comments

Higher prices for rare-earth minerals and strategic support from the U.S. and other governments have sparked further investment, production, and international trade, diversifying supply for minerals that are essential to high-tech production. Rare earths elements, such as dysprosium, lanthanum and cerium, are 17 elements used as niche ingredients in magnets, batteries and catalytic converters. These…

Why China Is Hiking Imports From Latin America

UncategorizedMarch 10, 2023446Views 0Likes 0Comments

The global economy is being rewired by shifting geopolitics, changes in high-tech and renewable supply chains, and lower consumer demand in the U.S. and European Union. One major consequence of these changes: a slip in trade with China, the world’s top exporter, and number two importer, of goods and commodities. On Tuesday, China reported total…

Trade Data Show Correlations Between Gas and Urea Prices

UncategorizedFebruary 20, 2023422Views 0Likes 0Comments

Correlations between urea and natural gas pricing can exist during periods when supply and demand disruptions are not driving prices. This is logical given that the urea value chain starts with natural gas. Using statistics from Trade Data Monitor, Baltic country (Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia, and Sweden) natural gas import prices…

U.S. Gas Exports Surging, High-Tech Supply Chains and Other Key Trade Trends For 2023

UncategorizedFebruary 13, 2023379Views 0Likes 0Comments

The world was rocked in 2022 by Russia’s invasion of Ukraine, punishing inflation, and slackening demand in the U.S. and Europe. That’s dampened expectations for exports and imports in 2023. Global trade growth will slow to 1%, according to the World Trade Organization, because of inflation, higher interest rates, weaker demand in the U.S. and…

China Hikes Trade With Russia As Exports Fall

UncategorizedJanuary 23, 2023492Views 0Likes 0Comments

The global economy is sputtering, chipping away at China’s mighty export machine and prompting Beijing to build a stronger trading relationship with Moscow even as Russia faces trade sanctions with the U.S. and European Union. Chinese exports in December declined 9.9% year-on-year to $306 billion. “China’s foreign trade and exports showed strong resilience in the…

Vietnam’s Weak December Exports Hint at Challenge For Global Economy

UncategorizedJanuary 23, 2023421Views 0Likes 0Comments

Vietnam, which has become a global trade powerhouse and one of the global economy’s key world trade indicators, posted weak exports in December, suggesting a challenging economic situation in 2023. In December, exports fell 15.8% year-on-year to $29 billion. Because Vietnam has become a manufacturing platform for so many companies making high-tech and other consumer…

Global Dairy Trade Increased 11% in 2022

UncategorizedJanuary 11, 2023800Views 0Likes 0Comments

Concerns over climate and dietary desires have diluted milk production and consumption in Europe, but production is growing in Asia, now the world’s top milk producer, and overall global trade in dairy products is surging, according to an analysis by Trade Data Monitor. Total world dairy exports increased to $81.7 billion over the first nine…

China Pivots to Petroleum as Consumer Goods Slump Hits World Trade

UncategorizedDecember 8, 2022349Views 0Likes 0Comments

China reported remarkably weak trade numbers for November, underscoring its lingering difficulties with the Covid-19 pandemic, as well as a slump in consumption of consumer goods hitting the U.S., European Union, and some rich markets in Asia. Overall, total exports in November fell 8.7% year-on-year to $296.1 billion, more than double the percentage drop that…

How Russia’s War in Ukraine Has Shaken Up Global Oil&Gas Trade

UncategorizedNovember 23, 2022371Views 0Likes 0Comments

Russia’s spring 2022 invasion of Ukraine has shaken up global energy markets and spotlighted how Asia’s demand has rebalanced global oil and gas trade. The shift has highlighted the surging demand of India, the persistent prosperity of Japan, the crucial role of China as a swing trader, as well as the looming transformation of energy…

South America Commodities Bumped by Global Slowdown

UncategorizedNovember 17, 2022399Views 0Likes 0Comments

As the global economy slows, it's denting global trade and hurting economies in farflung places. The World Trade Organization now expects global trade to grow at 1% next year instead of 3.4%. One of the regions most impacted will be South America, where trade will increase only 0.3% in 2023, according to the WTO. South…

Chinese Exports Fall as Global Economy Cools

UncategorizedNovember 11, 2022411Views 0Likes 0Comments

For the first time in over two years, China’s monthly exports fell year-on-year as the global economy cooled off. As the world’s top export power, China is bearing the consequences of higher inflation in the U.S. and European Union, rising interest rates, lower economic growth, and the end of stimulus payments. In addition, Beijing has…

China’s Exports Show Impact of Trade War with U.S.

UncategorizedOctober 25, 2022541Views 0Likes 0Comments

China’s export machine has started to show deeper cuts from U.S. protectionism. Exports to the U.S. in September dropped 11.5% year-on-year to $50.7 billion, compared to a 3.8% decline in August, and shrinking the trade surplus 14% to $36.1 billion. Overall, Chinese exports increased 5.7% in September to $322.8 billion. Earlier in October, the Biden…

Six Trends for Vietnam’s Export Machine

UncategorizedOctober 17, 2022569Views 0Likes 0Comments

The question for Vietnam is no longer whether it’s going to become an export powerhouse. Exports in the first nine months of 2022 rose 17.2% to $282.3 billion, helping the economy expand almost 14% in the third quarter. Shipments to key markets like the U.S. are rising, key multinational firms are flocking to Vietnam to…

Lower U.S. Consumer Spending Ripples Through Global Economy

UncategorizedSeptember 8, 2022350Views 0Likes 0Comments

Consumers in the U.S., facing higher prices and lower incomes, are running out of money and have started buying far fewer Chinese imports, a diminishment of expenditures that is now rippling throughout the global economy. This week, China reported exports up 7.1% year-on-year to $314.9 billion in August, falling short of expectations. Analysts had expected…

Soaring Dairy Exports Show Trade Power of U.S. Farms

UncategorizedAugust 31, 2022308Views 0Likes 0Comments

In the first six months of 2020 and 2021, the Philippines’ top source of dairy products was New Zealand. In 2022, there was a new leader: The U.S. American dairy farmers leapfrogged everybody to become the top supplier of dairy products to the Philippines, a nation of 110 million. Its shipments of dairy products to…

How Inflation is Distorting Global Trade Flows

UncategorizedAugust 31, 2022330Views 0Likes 0Comments

China reported robust trade flows for July 2022. Overall, shipments from the world’s second-largest economy and top exporter rose 18% year-on-year to $333 billion. That was the fastest pace of the year, and beat analysts’ predictions of around 15%, but it’s largely due to rising prices for commodities from coal to soybeans, according to an…

Vietnam Trade Recovers from Covid in 1st Half of 2022.

UncategorizedAugust 1, 2022356Views 0Likes 0Comments

After undergoing one of the toughest Covid-19 lockdowns in the world during 2021, Vietnam’s economy appears to be headed toward a full recovery, according to an analysis of first-half 2022 imports and exports by Trade Data Monitor, the world’s premier source of trade statistics. Vietnamese imports increased 15.5% year-on-year to $185.3 billion during the first…

Amid Industrial Headwinds, China Records First Ever Auto Trade Surplus

UncategorizedJuly 28, 2022331Views 0Likes 0Comments

As the global economy recovers fully from the Covid-19 pandemic, the Chinese industrial sector appears to be facing headwinds, according to an analysis by Trade Data Monitor, the world’s premier source of trade statistics. China’s exports grew by 17.9% year-on-year to $331.3 billion, beating analyst expectations. Imports, however, increased by only 1% in June from…

Are Asian Consumers Rescuing Chinese Exports?

UncategorizedJune 23, 2022338Views 0Likes 0Comments

Chinese exports recovered in May, boosted by a tapering off of antivirus restrictions and higher prices in the U.S. and Europe. Overall, Chinese exports rose 16.9% year-on-year to $308.3 billion, after increasing only 3.9% in April. Monthly imports increased 4.1% to $229.5 billion, over the 0.0% figure for April. The performance beat analysts’ expectations for…

Global Trade Slows as Economies Adjust to Life After Stimulus

Global Trade Slows as Economies Adjust to Life After Stimulus

UncategorizedMay 17, 2022375Views 0Likes 0Comments

The global economy avoided a meltdown 2020-2022 due to the Covid-19 pandemic because governments around the world, led by the U.S., printed trillions of dollars for their own citizens, oiling consumer demand and goosing merchandise trade around the world. That steroid is now wearing off, as consumers have spent most of the money they were…

As Vietnam’s Export Economy Matures, Stronger Ties With China

As Vietnam’s Export Economy Matures, Stronger Ties With China

UncategorizedApril 25, 2022369Views 0Likes 0Comments

The burgeoning economy of Vietnam is maturing its way into a new phase. The Asian nation of 97.3 million has taken its place among the linchpins of high-tech supply chains, taking in raw materials and churning out mobile phones, tablets, and other computer gear for over a billion middle-class consumers all over the world. In…

China Cuts Imports as War, Covid Threaten World Trade

China Cuts Imports as War, Covid Threaten World Trade

UncategorizedApril 19, 2022339Views 0Likes 0Comments

China reduced imports year-on-year in March as the global economy stuttered following Russia’s invasion of Ukraine and a resurgence of the Covid-19 pandemic. Overall, China shrank imports 0.1% to $228.7 billion. Accounting for the nasty price inflation now starting to bite, that represents a meaningful contraction. To boot, analysts had predicted an increase around 8%.…