Under the changes in the global trade environment, China's exports fell by 7.5% in May.%
25 June 2023
Recently, the latest foreign trade statistics released by the General Administration of Customs of China in May showed that Chinas total import and export value of goods was 501.191 billion US dollars, a year-on-year decrease of 6.2%. Among them, the total export value was 283.499 billion US dollars, a year-on-year decrease of 7.5%; the total import value was 217.692 billion US dollars, a year-on-year decrease of 4.5%; and the trade surplus was 65.807 billion US dollars, a year-on-year decrease of 16.1%. The global economy is sluggish, and consumption...
Canadian wildfires trigger a surge in orders for air purifier manufacturers
21 June 2023
The raging wildfires in Canada have not only triggered an air quality crisis locally, but their impact has also spread to many parts of the United States, and this air quality crisis is driving a surge in demand for related products such as air purifiers. The decline in air quality caused by wildfires has led to a large demand for dust removal and air purification products. On major online shopping platforms, air purifiers and other...
Domestic energy storage companies accelerate going to sea, facing opportunities and challenges
21 June 2023
Recently, domestic energy storage companies such as EVE Energy have frequently signed major overseas energy storage orders. According to China International Capital Corporation (CICC) forecasts, global energy storage demand is expected to reach 189 GWh this year, a year-on-year increase of more than 60%. As overseas energy storage market demand becomes increasingly strong, what opportunities and challenges will domestic energy storage companies face as they increase their overseas business? Since the beginning of this year, a number of Chinas renewable...
Labor-management negotiations at US West Coast ports reach preliminary agreement, shipping industry faces complex challenges
20 June 2023
First, Current Status of Labor Negotiations: Preliminary Agreement Reached On June 15, 2023, the West Coast port labor negotiations took a significant turn as the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA), representing employer groups, reached a preliminary labor contract agreement under the mediation of Acting U.S. Secretary of Labor Su Weisi. PMA and ILWU indicated that they have reached an agreement covering the next six years...
The challenge of the decline in China's foreign trade imports and exports in the global economic fluctuations
19 June 2023
Chinas foreign trade has always been an important part of the global trade landscape. However, in recent years, due to global economic fluctuations, Chinas foreign trade has also faced certain challenges. This article will discuss the challenges faced by Chinas foreign trade under global economic fluctuations. The overall situation of Chinas foreign trade In May 2023, Chinas total import and export value of goods was 501.191 billion...
The impact of rising cotton prices on the textile industry: Cotton spinning companies are facing challenges and market demand is weakening
19 June 2023
Since April and May of this year, cotton prices have been rising, bringing positive quotes for related trading companies, but for cotton textile companies, they are facing a soft cotton market environment. Although the rise in cotton prices has led to an increase in the prices of related products, downstream demand has not improved much, which cannot provide long-term support for upstream prices. I. The impact of rising cotton prices on cotton spinning...
US plans to lift Chinas e-commerce goods tariff exemption, cross-border trade faces new challenges
16 June 2023
A bipartisan group of US lawmakers plans to introduce a new bill aimed at eliminating the tariff exemption widely used by e-commerce sellers when shipping goods from China to US shoppers. This bill could have a significant impact on cross-border trade. According to a Reuters report on June 14, this tariff exemption is called the de minimis rule, under which US individual consumers can...
Sri Lanka's economic recovery shows signs: import restrictions on 286 items lifted
15 June 2023
The Sri Lankan Ministry of Finance recently announced that it has decided to lift import restrictions on 286 items due to the gradual stabilization of the domestic economy. This is a new sign that the South Asian country is beginning to emerge from its worst economic crisis in decades. Since the outbreak of the economic crisis in the spring of 2022, Sri Lanka has been facing severe depletion of foreign exchange reserves and shortages of essential goods, which has triggered...
The port of Djibouti has required all goods to hold an ECTN certificate since June 15.
14 June 2023
The Djibouti Ports and Free Zone Authority recently announced that, effective June 15, 2023, all goods unloaded at Djibouti ports, regardless of their final destination, must have an Electronic Cargo Tracking Note (ECTN) certificate. The Electronic Cargo Tracking Note (ECTN) is a formal loading document,...
Follow customer service WeChat
