Uncategorized Archives - Trade Data Monitor

China Finally Affected by Protectionist Tariffs

UncategorizedOctober 23, 202474Views 0Likes 0Comments

September Rain China posted lackluster trade figures in September, highlighting how it might become slowly less reliant on global commerce as other major economies retrench. Chinese exports increased 2.4% year-on-year, below economists’ expectations of around 6%, to $303.7 billion, while imports increased only 0.3% to $222 billon. The 2024 Boom For most of 2024, Chinese…

How Tariffs Are Reshuffling EV Trade

UncategorizedJuly 11, 2024793Views 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…

Middle East Trade in the Time of War

UncategorizedJune 5, 20241KViews 0Likes 0Comments

Middle East: The Big Picture In 2024, the Middle East has been hit by conflict, piracy, and the vagaries of supply chains and the oil market. The specter of protectionism appears threatening, especially between countries in conflict with each other. As the U.S. and the European Union slide into a quasi-permanent protectionist mindset, including tit-for-tat…

TDM Insight: Vietnamese Exports Rebound in 2024

UncategorizedMay 15, 2024959Views 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…

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…

What’s Behind the High-Tech Trade Slump?

UncategorizedFebruary 16, 2024770Views 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…

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…

Turkey Hikes Exports of Military-Goods Exported to Russia

UncategorizedDecember 8, 20231KViews 0Likes 0Comments

A recent Financial Times article, based on data supplied by Trade Data Monitor, detailed the increase in Turkish exports of military-linked goods to Russia in the first nine months of 2023. This has magnified U.S. concerns over the trade of 45 "high-profile" items subject to export controls and heightened tensions with NATO partners. The FT…

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…

Vietnamese Exports Slump But Its Consumers Are Buying Cars

UncategorizedMay 4, 2023883Views 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…

Vietnam’s Weak December Exports Hint at Challenge For Global Economy

UncategorizedJanuary 23, 2023704Views 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…

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…

Vietnam Trade Recovers from Covid in 1st Half of 2022.

UncategorizedAugust 1, 2022658Views 0Likes 0Comments

After undergoing one of the toughest Covid-19 lockdowns in the world during 2021, Vietnam’s economy appears to be headed toward a full recovery, according to an analysis of first-half 2022 imports and exports by Trade Data Monitor, the world’s premier source of trade statistics. Vietnamese imports increased 15.5% year-on-year to $185.3 billion during the first…

As Vietnam’s Export Economy Matures, Stronger Ties With China

UncategorizedApril 25, 2022683Views 0Likes 0Comments

The burgeoning economy of Vietnam is maturing its way into a new phase. The Asian nation of 97.3 million has taken its place among the linchpins of high-tech supply chains, taking in raw materials and churning out mobile phones, tablets, and other computer gear for over a billion middle-class consumers all over the world. In…