Vietnam’s Moment in (Trade) Time
The wars in Iran and Ukraine, and trade turmoil around the world, especially involving the U.S. and China, have obscured what continues to be one of the essential trade stories of the century: Vietnam’s export growth.
The Asian country of 102 million has staged an epic comeback since the 1970s…
Lower Growth in China
In early March, Chinese leadership set their lowest gross domestic product growth target since 1991, forecasting a 4.5% to 5% expansion for its economy in 2026.
This week, China reported a 21.8% year-on-year increase in exports for January and February to $656.6 billion. To avoid distorted numbers because of Chinese New…
One way of looking at China’s trade economy in December and for the full 2025 year is its export surge, amplified by a weak currency, deflation at home, and inflation in most of the rest of the world. China pumped up total monthly exports 6.6% to $357.8 billion in December from $335.6 billion over the…
Happy New Year. While we wait on the Supreme Court to rule whether the Trump administration is entitled to apply tariffs on national security grounds, global trade grinds on. We at Trade Data Monitor are paying attention to what’s happening via the prism of official trade statistics. It’s a radically different world than when I started covering…
The Trillion-Dollar Surplus
After falling year-on-year in October, China’s exports rebounded in November enough that it is almost certain that for 2025, the country that was mired in poverty when you and I were born will become the first nation ever to record a trillion-dollar trade surplus.
The number is just a number, but it’s…
Please Dial a New Number
As U.S. and Chinese negotiators try to find a way out of tariff gridlock, one thing is certain: The smartphone supply chain has shifted significantly, upending the practices and expectations of manufacturers, logistics firms, and retailers.
China’s exports of mobile phone fell 11.6% year-on-year in August to 60.8 million sets.…
Made in Vietnam (or China)
At a time when trade officials around the world are closely watching Vietnam’s evolving place in the global trading system, Chinese exports to the new Asian economic power in June boomed 23.8% year-on-year to $16.3 billion.
The U.S.-China trade war has pushed attention of U.S. trade negotiators toward manufacturing powers…
First Impact of U.S. Tariffs
Chinese shipments to the U.S. plummeted 21% year-on-year in April as the impact of Washington’s new import tariffs started to punish the world’s largest exporter.
However, as Beijing was quick to point out, China compensated by selling more to its economic partners in Southeast Asia. In a striking coincidence, Chinese…
Rocky Waters
It’s a perilous time for the global trading system. President Trump has imposed an across-the-board tariff of 20%, in two tranches of 10%, on U.S. imports of Chinese goods. There are threats of more action, on microchips, drugs, and automobiles. Lesser degrees of protectionism in Europe, Canada and elsewhere are also denting confidence…
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…
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 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,…
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…
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…
