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China’s Trade Surplus Rises in July on Exports of Stay-at-Home Technology and Lower Commodity Prices

China’s Trade Surplus Rises in July on Exports of Stay-at-Home Technology and Lower Commodity Prices

UncategorizedAugust 7, 2020431Views 0Likes 0Comments

Chinese exports unexpectedly rose in July, thanks to booms in demand for high-tech gear needed for workers staying at home, according to an analysis by Trade Data Monitor, the world’s premier source of export and import statistics. As the world’s number one manufacturer and exporter of consumer and industrial goods, China is considered a bellwether…

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, 2020541Views 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…

China’s June Trade Rebound Offers Hope, But Can’t Ease Global Economic Fears

China’s June Trade Rebound Offers Hope, But Can’t Ease Global Economic Fears

UncategorizedJuly 14, 2020448Views 0Likes 0Comments

As the first country to suffer a Covid-19 lockdown China, the world’s top exporter and trading power, has been under scrutiny. Now it offers hope: In June, Chinese monthly imports increased 2.7% year-on-year to $167.2 billion, and exports rose 0.6% to $213.6 billion, according to Trade Data Monitor, the world’s top source of export and…

Saudi Arabia Bets Chemicals and Plastics Will Rebound After Covid

Saudi Arabia Bets Chemicals and Plastics Will Rebound After Covid

UncategorizedJuly 9, 2020430Views 0Likes 0Comments

As Saudi Arabia battles to prop up oil and gas markets amidst the worst global economic downturn in decades, it’s facing renewed challenges to its mission of diversifying exports away from the traditional petroleum pillar. Crown Prince Mohammed bin Salman has embarked on the most serious effort since the desert kingdom’s founding in 1932 to…

Chinese Dominance of Clothing Trade Dented by Covid-19, Trade War

Chinese Dominance of Clothing Trade Dented by Covid-19, Trade War

UncategorizedJune 15, 2020410Views 0Likes 0Comments

The Covid-19 pandemic has ravaged the global clothing industry. The question is how it will emerge when the world economy goes back to normal sometime this year or next. When will consumers be ready to shop for clothes with the same abandon as this past decade? And when they do, will they buy from the…

Changing Trade Flows Fuel China’s Record Trade Surplus in May

Changing Trade Flows Fuel China’s Record Trade Surplus in May

UncategorizedJune 8, 2020435Views 0Likes 0Comments

The global Covid-19 pandemic is the global economy’s biggest speed bump this century. The International Monetary Fund has said it could shrink the world’s gross domestic product by 3%, and possibly more. Among those that have to adjust the most is China’s mammoth trading economy, the linchpin of global trade. The long-term disruption still isn’t…

A Shift in Trade as Consumer Spending Declines, China April 2020 Trade Data Shows

A Shift in Trade as Consumer Spending Declines, China April 2020 Trade Data Shows

UncategorizedMay 7, 2020435Views 0Likes 0Comments

As the first country to suffer the impact of the coronavirus, China is leading the way in restarting its economy, and its performance offers some clues to what the U.S. and EU can expect for the rest of the year. To some, China’s performance is a sign of resilience. Markets on Thursday rose to the…

China Tech Sector Focuses on Asia Amid Pandemic

China Tech Sector Focuses on Asia Amid Pandemic

UncategorizedMay 5, 2020405Views 0Likes 0Comments

The Covid-19 pandemic is accelerating a “decoupling” between U.S. and Chinese high-tech sectors and supply chains, according to an analysis by Trade Data Monitor. What March trade data suggests is that companies from the two rival economic superpowers are shipping more regionally, a sign they’re heading toward cutting countries out of their supply chains and…

Brazil’s Strong March Meat Exports to China Show Trading Power in Post-Coronavirus Economy

Brazil’s Strong March Meat Exports to China Show Trading Power in Post-Coronavirus Economy

UncategorizedApril 10, 2020482Views 0Likes 0Comments

In the post-coronavirus global economy, Brazil has a big advantage: A powerful export sector, geared toward shipping meat, as well as commodities like soybeans and iron ore, to China. Brazil’s exports in March increased 10.4% from the year before to $19.2 billion, according to Trade Data Monitor. Shipments to China, Brazil’s top trading partner, grew…

The Impact of the Coronavirus on Chinese Trade

The Impact of the Coronavirus on Chinese Trade

UncategorizedMarch 17, 2020385Views 0Likes 0Comments

As the U.S. started taking in the full impact of the novel coronavirus, or Covid-19, in March, it’s worth looking at how the virus affected Chinese trade. The outbreak of the virus, and efforts to stop its spread, dented Chinese exports and imports, with a much bigger impact forecast for the rest of the year,…

How U.S.-China Trade Dispute Is Reshaping Global Trade Flows

How U.S.-China Trade Dispute Is Reshaping Global Trade Flows

UncategorizedFebruary 21, 2020478Views 0Likes 0Comments

Two years into the trade dispute between the U.S. and China, the winners and losers of this new wave of protectionism are emerging more clearly. More specifically, the trade dispute is shifting trade flows away from the world’s two economic superpowers and toward new export powerhouses like Vietnam, Thailand, Mexico and Brazil, and hurting farmers…

Global Surveillance Economy Fuels Boom in High-Tech Communications Trade

Global Surveillance Economy Fuels Boom in High-Tech Communications Trade

UncategorizedJanuary 23, 2020439Views 0Likes 0Comments

As technology amplifies the capability of governments and companies to probe the lives of citizens and consumers, surveillance has become a global commodity, and a booming business for the world’s biggest maker and consumer of communications and audio-visual equipment: China. In the first 10 months of 2019, China exported USD 320.1 billion worth of high-tech…

Brexit Is Changing Supply Chains, Trade Data Shows

Brexit Is Changing Supply Chains, Trade Data Shows

UncategorizedJanuary 9, 2020476Views 0Likes 0Comments

When Britain joined the European Union in 1973, freer trade was the union’s primary purpose. After World War Two wrecked the continent, EU nations badly needed liberalized economies to rebuild and prosper. As the UK leaves the EU on Jan. 31, partly as a populist reaction to Brussels expanding its powers beyond its original remit,…

Hong Kong Feels Impact of U.S. Trade War, Supply Chain Changes

Hong Kong Feels Impact of U.S. Trade War, Supply Chain Changes

UncategorizedDecember 18, 2019510Views 0Likes 0Comments

Hong Kong, a beacon for free trade for 200 years, is catching a cold from the ill winds afflicting global trade around the world. Much of the focus on the densely packed territory of 7.4 million this year has centred around pro-democracy protests and opponents of a plan to extradite criminal suspects to mainland China.…

China Chases Trade Growth in Eastern Europe and the Balkans

China Chases Trade Growth in Eastern Europe and the Balkans

UncategorizedNovember 18, 2019478Views 0Likes 0Comments

China and Europe have long been twin pillars of global trade. Renaissance London, Bruges and Rome imported porcelain, silk and tea. The original Silk Road connecting ancient China and South Eastern Europe and the Middle East dates to before Christ. Beijing’s ongoing struggles to forge fresh terms of trade with a more protectionist US administration…

Trade Data Tells the True Story of China’s Massive Trading Network

Trade Data Tells the True Story of China’s Massive Trading Network

UncategorizedOctober 29, 2019471Views 0Likes 0Comments

The trade war between Washington and Beijing has cast a spotlight on China’s export juggernaut, a result of one of the most remarkable economic transformations in recorded history. Under the administration of President Trump, the US has imposed, or plans to impose, tariffs on nearly all Chinese imports into the country – worth USD 539.7 billion in…

Chinese Fertilizer Exports Boosted by Population Boom

Chinese Fertilizer Exports Boosted by Population Boom

UncategorizedSeptember 24, 2019635Views 0Likes 0Comments

The world’s population has more than tripled since 1950, to almost eight billion. By 2050, it’s expected to reach 9.7 billion. All those people need to eat, and farms must keep fueling higher yields. That’s heated up global trade in the stuff that helps plants grow — fertilizers. By improving soil nutrition, fertilizers boost yields of key crops…

A Booming Vietnam Must Balance U.S., EU and China

A Booming Vietnam Must Balance U.S., EU and China

UncategorizedAugust 20, 2019539Views 0Likes 0Comments

The US-China trade war is catalyzing investments in third countries where executives know they’ll be able to manufacture and export with fewer import tariffs on the goods they’re making. One of the countries benefiting the most is Vietnam, whose economy is undergoing one of the most remarkable booms anywhere this century. After pushing itself through…

Blossoms in East Africa

Blossoms in East Africa

UncategorizedJuly 26, 2019471Views 0Likes 0Comments

Kenya and Ethiopia’s growing garment exports signal a new phase of development in East Africa and underscore how China-backed investments in infrastructure are helping to reshape economies. For decades, Kenya and Ethiopia’s main shipments to rich markets in Europe and the U.S. have been niche agricultural products such as coffee, tea, sesame seeds, and fresh…

Electric Cars Remodel Global Auto Trade

Electric Cars Remodel Global Auto Trade

UncategorizedJune 3, 2019502Views 0Likes 0Comments

The push of government subsidies and pull of consumer demand are driving new markets for electric vehicles, which run on electric batteries instead of carbon-based fuel, with widespread repercussions on shipping, trade and supply chains. Electric vehicles, which include cars, trucks and bicycles, are still less than 10% of the global $2 trillion auto market,…

Norway Draws Record Imports of Electric Cars, Trade Data Shows

Norway Draws Record Imports of Electric Cars, Trade Data Shows

UncategorizedMay 1, 2019495Views 0Likes 0Comments

The epicenter of the world’s burgeoning trade in electric cars is Norway, which is drawing record shipments of Teslas and other models from the U.S., South Korea and transshipment ports like Antwerp and Rotterdam, according to import and export statistics published by Trade Data Monitor. The Nordic nation of 5.3 million imported $3.8 billion in…

Data Shows Chinese Trade Surplus Boosted by Belt and Road

Data Shows Chinese Trade Surplus Boosted by Belt and Road

UncategorizedMay 1, 2019485Views 0Likes 0Comments

As China relaunches its Belt and Road Initiative, an analysis of trade statistics for 10 key BRI economies suggests that the BRI has increased trade with Beijing and fueled China’s trade surplus and underscores the project’s vulnerability to financial crisis in individual countries. When president Xi Jinping announced the endeavor in 2013, it was intended…