John Miller, Author at Trade Data Monitor

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John Miller

116 articles published

Steel Trade Trends in 2025

UncategorizedNovember 15, 202472Views 0Likes 0Comments

Shake-up in Global Steel The world of steel trade is in for a shake-up. New climate rules in Europe, the prospect of ramped-up U.S. tariffs on steel and an excess of Chinese steel imports mean companies around the world must calibrate their trade strategies in 2024. With the U.S. locked in protectionism and the…

Trump Election Gooses Trade– Before Tariffs Hit

UncategorizedNovember 7, 2024107Views 0Likes 0Comments

This week’s election of Donald Trump as the U.S.’s 47th president is almost certainly likely to lead to another trade war with China, and further tariffs on American imports. During the campaign, Trump said his favorite word was tariff and floated a universal 10% tariff and specific duties on Chinese imports as high as 60%.…

50 U.S. States Have 50 Trade Economies

UncategorizedSeptember 24, 2024399Views 0Likes 0Comments

The politics of trade in the U.S. have gotten complicated during this century, mainly because deindustrialization in the Rust Belt has cost so many factories and jobs. The free trade consensus of the 1990s that led to NAFTA and China joining the World Trade Organization in 2001 is dead. But it shouldn’t be lost on…

Don’t Overlook Germany’s Trade Economy

UncategorizedSeptember 19, 2024534Views 0Likes 0Comments

The conversation about global trade often leaves out the world’s fourth biggest economy and third top exporter and importer, but Germany is poised to play an even bigger role this decade as China and the U.S. remain locked in a trade war. In August, Chinese exports to Germany jumped a whopping 21.5% to $10.1 billion.…

It’s a Good Summer for Trade But China Ag Imports Fell In July

UncategorizedAugust 12, 2024657Views 0Likes 0Comments

During a summer that’s been a boon for free trade despite a looming escalation in trade wars, and the possibility of a second Trump administration, China’s agricultural imports dropped 4.9% year-on-year in July to $17.8 billion. The trend reflects China’s regulatory practices, strategic protectionism, and shifting demographics. China has blocked some U.S. beef imports because of…

China Hikes Metal Exports Amid Record Surplus

UncategorizedJuly 15, 2024900Views 0Likes 0Comments

As the business world girds for a fresh wave of trade protectionism and the possibility of a second Trump administration, China bumped up exports of two essential metals. In June, its shipments of steel products increased 20.8% year-on-year by quantity to 8.7 million tons and 3.8% by value to $6.8 billion. Its shipments of unwrought…

How Chinese Exports Beat Tariffs

UncategorizedJune 11, 2024727Views 0Likes 0Comments

More Tariffs on the Horizon There seems to be no end to the trade pendulum swinging hard toward protectionism in Brussels and Washington-- or to Chinese exports continuing to flood global markets. The Biden administration last month slapped tariffs on imports of electric vehicles, lithium-ion batteries and other high-tech goods from China. (They’ll mostly affect batteries.) The…

TDM Insight: Vietnamese Exports Rebound in 2024

UncategorizedMay 15, 20241KViews 0Likes 0Comments

After a tepid recovery in 2023, Vietnam’s trade machine appears to be firing on all cylinders so far in 2024. The country boosted exports 16.8% year-on-year to $92.9 billion in the first quarter, underpinning gross domestic product growth of 5.7%. This is no coincidence. Vietnam’s export sector is key to its economic growth. It is…

China’s EV Export Boom is Driving up Demand for RoRo Ships

UncategorizedApril 15, 2024778Views 0Likes 0Comments

China’s electric car export boom has fueled demand in the country for automobile transport ships, driving up prices for foreign buyers. Overall, in March, Chinese ship exports fell 5.9% year-on-year by quantity in March to 399, after steadily rising for most of this decade. By value, they increased 34% to $3.1 billion. So called Roll-on/roll-off,…

China Reboots Trade Thanks to Africa, India, Latin America

UncategorizedMarch 11, 20241KViews 0Likes 0Comments

Don’t let anybody tell you that globalization is dying—at least, not yet. Global trade economists obsess over consumer demand and rising protectionism in the U.S. and Europe, but this week’s release of Chinese trade statistics shows that other markets might soon be catching up in relevance. The Promise of Other Markets China’s exports to Latin…

Vietnam’s Secret Weapon: Agriculture

UncategorizedMarch 1, 20241KViews 0Likes 0Comments

In a tricky global economy, Vietnamese exports shrank in 2023, but the rising economic power managed to be one of the only countries to increase merchandise exports to China, thanks to a surprising surge in exports of fruits and vegetables, as well as rice, demonstrating the importance of export diversification. The Difficulties of 2023 The country of…

China Hikes Iron Ore, Copper Imports Amid Car Building Boom

UncategorizedJanuary 23, 20241KViews 0Likes 0Comments

In the somewhat gloomy December and annual China trade statistics released in the second week of January was buried a piece of data that hearkened back to the boom years of Chinese commodity consumption: China is buying a lot more iron ore and copper. In December, China boosted iron ore imports 11.1% year-on-year to 100.9…

Trade Data Monitor’s Top 10 Trade Trends Going Into 2024

UncategorizedDecember 20, 20232KViews 0Likes 0Comments

It’s not an easy time for global trade--the roughly $25 trillion piece of the $105 trillion world economy. Protectionism is roaring in the U.S. and Europe, causing geopolitical tension with China. Inflation across most of the world has shrunk consumers’ wallets and imports, while deflation in China is also scaring businesses. Asian supply chains are…

TDM Data Used to Scrutinize Impact of Steel and Aluminum Tariffs

UncategorizedNovember 15, 20231KViews 0Likes 0Comments

Trade scholars in a recent paper used Trade Data Monitor data on steel and aluminum trade to gauge the impact of 2018-2019 protectionist measures on U.S. and European Union imports. The paper by Simon Evenett and Fernando Martin, published by the Center for European Policy Research, found that because the U.S. and European Union…

China Doubles Coal and Gas Imports as Global Trade Putters

UncategorizedJuly 27, 2023950Views 0Likes 0Comments

The world’s biggest exporter reported another month of dismal trade figures for June. Chinese exports declined 13% year-on-year in the month to $285.3 billion, and imports fell 6.9% to $214.7 billion. The decline was driven by a massive drop in consumer spending in the U.S. and Europe, caused by inflation, fallout from the Covid-19 pandemic, and…

China’s New Place in Global Trade: Number 1 Importer of Food&Ag

UncategorizedJune 12, 20231KViews 0Likes 0Comments

As expected, China reported lackluster trade numbers this week, signaling a possible recession in the U.S. and more trouble for the global economy. Chinese exports fell for the first time in three months, dropping 7.5% year-on-year to $283.5 billion. Imports dropped 4.5% to $217.7 billion. The World Bank this week said that the global economy…

Trade Data Show Correlations Between Gas and Urea Prices

UncategorizedFebruary 20, 2023806Views 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, 2023687Views 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…

Bangladesh Textile Firms Look to Asian Markets to Recover From Covid-19 Crisis

Bangladesh Textile Firms Look to Asian Markets to Recover From Covid-19 Crisis

UncategorizedJuly 20, 2020556Views 0Likes 0Comments

The Covid-19 pandemic has cast a pall over clothing retail markets in the U.S. and Europe. With iconic firms like Brooks Brothers and JC Penney battling bankruptcy, Asian textile manufacturers have lost billions of dollars in orders. That’s hit Bangladesh’s garment sector, the world’s second largest, particularly hard. The country is heavily dependent on the…