New opportunities for air freight under geopolitical tensions: e-commerce drives growth!
May 16, 2024
Driven by e-commerce, the global air cargo market continues to show positive growth trends. However, geopolitical tensions, such as the ongoing instability in the Red Sea, have forced many international shipping companies, including Maersk, to adjust their routes. While these changes have increased logistics costs, they have also brought new opportunities to certain regions. Recently, due to the situation in the Red Sea...
China's steel exports increased by 27% year-on-year, with strong competitiveness in the international market!
May 15, 2024
In the context of the complex supply and demand structure of the global steel market, Chinas steel exports continued to be active. According to Chinas customs statistics, Chinas steel export volume reached 3502.4 million tons in the four months before 2024, compared with a significant increase of 27%. Although exports in April decreased compared to March, it grew by 16.3% compared to the same period last year, showing Chinas steel in the international market.
The trade volume between China and India has surged: China has once again become India's largest trading partner!
14 May 2024
According to recent data released by the Indian think tank Global Trade Research Initiative, in the 2023-2024 fiscal year, trade between China and India reached 118.4 billion US dollars, making China surpass the United States to become Indias largest trading partner again. This data reflects the deepening of economic ties between the two countries and their importance in their respective regional economies. In this fiscal year, Indias exports to and imports from China...
Shanghai Customs strictly investigates illegal import of precursor chemicals, and the company was fined 43,000 yuan!
13 May 2024
Shanghai Customs recently successfully investigated the case of suspected illegal imports containing toxic chemicals, the enterprise involved in the case is Finnish Spice (Zhang Huang) Limited. The company imported spice products named Big Flower Jasmine Oil and Orange Flower Oil, a total of 20 votes, weighing up to 22.7 thousand in the period from September 30, 2021 to May 19, 2023.
China's textile and garment exports increased by 2.3%, and its international competitiveness has increased!
May 10, 2024
In the context of the global economic recovery, Chinas textile and garment industries showed a steady growth trend. According to the latest data released by the China Textile Importers Association, Chinas textile and garment trade volume reached $711.5 billion in the first quarter of 2024, an increase of 2.3% compared to the same year. This growth is mainly due to the increase in exports to the U.S., ASEAN and EU markets, showing that Chinas textile and garment exports have increased by more than a decade.
US preliminarily recognizes Vietnam's market economy status
9 May 2024
In the global trade landscape, Vietnam has rapidly emerged as an important manufacturing and export hub in recent years. Against this backdrop, the latest decision by the US Department of Commerce—preliminarily recognizing Vietnams market economy status—has become a significant event in the international economic and trade arena. According to US and international media reports, this decision by the US has been met with opposition from its domestic industries, especially the steel and...
Shipping costs soar! Global market space shortage affects international trade prices
8 May 2024
Recent data released by the Ningbo Shipping Exchange shows that from April 27 to May 3, the Ningbo Containerized Freight Index (NCFI) of the Maritime Silk Road Index rose sharply to 1599.7 points, an increase of 11% compared to the previous period. Among the 21 routes covered, the freight rates of 16 routes increased, indicating that the global freight market is experiencing a significant price adjustment. In particular...
Jingyuan Electronics sells Chinese assets, and the global semiconductor supply chain welcomes changes!
May 7, 2024
Kyocera Electronics, a global leading provider of outsourced semiconductor assembly and testing (OSAT) services, recently announced that it will sell its shares in its subsidiary in mainland China and plans to completely withdraw from the Chinese market. This decision was made against the backdrop of Sino-US geopolitical tensions, reflecting a major strategic adjustment in the global semiconductor industry under the influence of international politics. Since 1...
中法貿易增長顯著：農產品與高端消費品成亮點！
May 7, 2024
Recently, data released by the General Administration of Customs of China revealed significant growth in China-French trade over the past five years, with an average annual growth rate of 5.9%. From 2019 to 2023, bilateral trade continued to intensify, indicating that the economic cooperation between the two countries in several key areas continued to deepen. In the first quarter of 2023, Chinas total export imports to France reached 1272,2 billion yuan, showing that the two countries economic...
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