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,… Continue reading China’s EV Export Boom is Driving up Demand for RoRo Ships
Insights
What’s Behind the High-Tech Trade Slump?
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 the… Continue reading What’s Behind the High-Tech Trade Slump?
China Hikes Iron Ore, Copper Imports Amid Car Building Boom
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… Continue reading China Hikes Iron Ore, Copper Imports Amid Car Building Boom
The Future of EU-China Trade
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… Continue reading The Future of EU-China Trade
Trade Data Monitor’s Top 10 Trade Trends Going Into 2024
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… Continue reading Trade Data Monitor’s Top 10 Trade Trends Going Into 2024
Turkey Hikes Exports of Military-Goods Exported to Russia
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… Continue reading Turkey Hikes Exports of Military-Goods Exported to Russia
TDM Data Used to Scrutinize Impact of Steel and Aluminum Tariffs
Trade scholars in a recent paper used Trade Data Monitor data on steel and aluminum trade to gauge the impact of 2018-2019 protectionist measures on U.S. and European Union imports. The paper by Simon Evenett and Fernando Martin, published by the Center for European Policy Research, found that because the U.S. and European Union import… Continue reading TDM Data Used to Scrutinize Impact of Steel and Aluminum Tariffs
China Boosts Imports of Raw Materials by Double Digits
China in October dramatically increased imports of fossil fuels, industrial metals and agricultural commodities, a run on raw materials that if sustained will have a major impact on prices and supply chains. China continued to increase its ferocious energy consumption, hiking imports of natural gas 120.1% year-on-year to 8.8 million tons, coal 23.3% to 36… Continue reading China Boosts Imports of Raw Materials by Double Digits