John Miller, Author at Trade Data Monitor - Page 2 of 5

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John Miller

116 articles published

India is Bright Spot in Slumping Trade Numbers

UncategorizedSeptember 18, 20231KViews 0Likes 0Comments

Another monthly release of China trade statistics, another batch of data showing that rich-country consumers have stopped spending money, inflation is nibbling at budgets, businesses are worried about a recession, and everybody’s freaked out about a trade war. One exception to the gloom: China reported increases in both exports to and imports from India. The…

Trade Data Points to Lower Inflation

UncategorizedAugust 21, 2023978Views 0Likes 0Comments

For yet another month, China’s merchandise trade exports declined, falling 14.5% year-on-year in July to $281.8 billion. The drop was driven by a weaker economy and an ongoing realignment in global trade. Companies are seeking alternative manufacturing bases to China, to lower costs and temper political risk, and reducing their foreign direct investment that’s underpinned…

Amid Play for U.S. Steel, Buyers Face Supply Crisis, Trade Data Shows

UncategorizedAugust 16, 2023915Views 0Likes 0Comments

The ongoing corporate jousting for U.S. Steel has created another round of uncertainty for American industry. The fate of the venerable 122-year-old firm remains uncertain, but buyers of steel face a supply chain crisis, trade data suggests. The U.S. has fallen to fourth in the world in steelmaking, at around 86 million tons, behind China…

China Doubles Coal and Gas Imports as Global Trade Putters

UncategorizedJuly 27, 2023948Views 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…

Vietnam’s Niche Export Sectors Highlight Complexity of Global Trade

UncategorizedJuly 27, 20231KViews 0Likes 0Comments

As global trade putters in 2023, because of weak consumer demand, lingering Covid fallout and protectionist tensions, the slackening has highlighted niche sectors in the global economy where trade is still robust. The upshot: We’re no longer living in a world where every consumer is buying more stuff and everything is made in China, or…

Chips Are Up: 10 Top Trade Trends in Semiconductors

UncategorizedJune 12, 20233KViews 0Likes 0Comments

The strategic geopolitical battle over semiconductors, the key ingredient in computers and phones, is ramping up, as the U.S., China and other countries boost investments in domestic production, protect their internal markets and aggressively monitor rivals’ capacities. As the U.S. and China disengage with each other’s most strategic supply chains, other countries, such as Germany…

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…

China Export Growth To BRI Countries Booms Since 2012

UncategorizedMay 25, 2023972Views 0Likes 0Comments

In 2013 China’s Belt and Road Initiative (BRI) was launched by President Xi Jinping with a goal of increasing economic prosperity by improving China’s global connectivity. As of March 2022, there were 147 countries (1) participating in the BRI with China. As we approach the 10th anniversary, what is the impact on China trade as…

China Goes To Europe

UncategorizedMay 12, 2023785Views 0Likes 0Comments

There’s so much focus on the U.S.-China trade relationship and its frequent fireworks that it’s often forgotten that the European Union, still the world’s preeminent free-trade alliance, with 447 million consumers, is the better customer. In April, exports to the European Union increased 4.1% year-on-year to $44.7 billion, while exports to the U.S. dropped 6.2%…

Vietnamese Exports Slump But Its Consumers Are Buying Cars

UncategorizedMay 4, 2023914Views 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, 2023887Views 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, 2023792Views 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, 2023728Views 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, 2023797Views 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, 2023676Views 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, 2023822Views 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, 2023726Views 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, 20232KViews 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, 2022595Views 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, 2022640Views 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, 2022748Views 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, 2022775Views 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, 2022971Views 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, 20221KViews 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…