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

UncategorizedAugust 12, 2024338Views 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…

How Tariffs Are Reshuffling EV Trade

UncategorizedJuly 11, 2024553Views 0Likes 0Comments

Age of the EV We’re entering the age of the electric vehicle, and global trade is keeping pace. Around 20% of all cars bought in the world in 2023, a total of almost 14 million, were electric, and there are now 40 million on the road, according to the International Energy Agency. Total trade in…

Can Chinese Imports Boost the Global Economy?

UncategorizedMay 14, 2024438Views 0Likes 0Comments

The Beijing trade engine has been slumping this year amid a tepid global economy, so a surprising jump in Chinese imports in April has raised the prospect of a China-led recovery. Total Chinese imports rose 8.4% year-on-year in April to $220.1 billon, almost double analyst expectations. Total exports increased 1.5% to $292.5 billon. Surprising Global…

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

UncategorizedApril 15, 2024617Views 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, 2024890Views 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, 2024853Views 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…

Ukraine: Two Years of Wheat Exports In Review

UncategorizedFebruary 29, 2024873Views 0Likes 0Comments

As we enter the third year after the invasion of Ukraine, the landscape of Ukrainian trade, and, specifically, exports of wheat, have drastically evolved. As the world's 4th-largest exporter of wheat and meslin in 2023, Ukraine has remained a relatively stable producer of wheat over the past decade and has remained especially resilient over the…

What’s Behind the High-Tech Trade Slump?

UncategorizedFebruary 16, 2024640Views 0Likes 0Comments

It’s not been an easy time for international trade, as a recent report co-authored by Trade Data Monitor and the World Intellectual Property Organization found. High-tech exports are set to decline by 4 percent in 2023, according to the TDM/WIPO analysis. Global and high-tech trade have soared and sunk like rollercoasters since 2019. After…

China Hikes Iron Ore, Copper Imports Amid Car Building Boom

UncategorizedJanuary 23, 2024866Views 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…

The Future of EU-China Trade

UncategorizedDecember 21, 2023961Views 0Likes 0Comments

As European Union leaders gathered in Beijing Thursday, one of their demands for China was a more equal trading relationship. “China is the EU’s most important trading partner,” said EU Commission President Ursula von der Leyen. “But there are clear imbalances and differences that we must address.” Europe’s weak consumer economy is doing its part…

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…

China Doubles Coal and Gas Imports as Global Trade Putters

UncategorizedJuly 27, 2023844Views 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, 2023892Views 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, 2023680Views 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, 2023565Views 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…