Japan's seafood exports fell 28% in October
7 December 2023
Recently released data from the Ministry of Agriculture and Aquaculture of Japan showed that in October 2023, the countrys exports of water products (including processed products) fell by 28% to 25.4 billion yen. This decline was mainly due to the import ban on exports to mainland China and Hong Kong.
European carmakers lag behind China and the U.S. in competition for raw materials for electric vehicle batteries
December 6, 2023
European car manufacturers significantly lag behind rivals from the U.S. and China in the competition for electric vehicle battery raw materials, according to a new research report from the European Transport and Environment Federation (T&E) in Brussels. This report is based on an analysis of open contracts, showing that European manufacturers can only get one-sixth of the electric vehicle battery key raw materials needed to meet their 2030 sales targets.
Kazakhstan strengthens resource export control
5 December 2023
The government of Kazakhstan has recently implemented a series of key measures to restrict the export of its natural resources and energy products. These measures include restrictions on the export of ferrous and non-ferrous metal scrap, coal, and liquefied petroleum gas (LPG), propane, and butane, demonstrating the countrys strategic actions in the global resource market. Firstly, the government of Kazakhstan announced restrictions on the export of ferrous and non-...
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 its peak season, but at the same time, sellers are also facing major challenges in air freight logistics. According to recent market feedback, air freight prices have continued to rise since October, mainly due to the combined effect of several key factors. Reasons for the increase in air freight prices 1. High Demand Due to major...
The General Administration of Customs relaxes processing trade measures to promote stable economic development
November 28, 2023
To stimulate the potential of processing trade and contribute to stable economic development, the General Administration of Customs issued the Announcement on Implementing Measures to Relax the Declaration Deadline for Deep Processing Transfer in Processing Trade (General Administration of Customs Announcement No. 166 of 2023). These new measures, effective from November 14, 2023, primarily include: 1. Relaxed Deadline for Centralized Declaration of Deep Processing Transfer: ? Enterprises must submit by the end of each month...
Global intermediate product exports will continue to decline in 2023
24 November 2023
In the second quarter of 2023, global Intermediate Goods (IG) exports showed a continued downward trend, falling by 8% compared to the same year, reaching a total of $2.3 trillion. This downward trend is due to the decline in global consumer demand, a phenomenon mainly affected by high inflation and high interest rates, as well as stagnant commodity prices. In addition, IG, an indicator of global supply chain activity,...
Thailand’s Land Bridge Project: Expected to Redirect the Global Shipping Pattern
22 November 2023
The Thai government recently launched a large-scale project costing $28 billion to build a land bridge to bypass the busy Strait of Malacca. This move is expected to significantly reduce shipping time between the Indian and Pacific Oceans, while also reducing transportation costs, and will have a profound impact on global shipping. Overview of the Land Bridge Project Thai Prime Minister Srettha Thav...
The impact of the growth of US oil exports on the global oil market
20 November 2023
In recent years, US oil production has continued to grow, especially in the first nine months of 2023, when oil exports to overseas markets increased by one-fifth compared to 2022, reaching approximately 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. The growth of US oil exports US...
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