China-Russia trade showed signs of stabilization in May, with imports falling for the first time!
June 12, 2024
In May 2024, Chinas trade data with Russia showed a complex change. According to the latest data analysis by the General Administration of Customs, Chinas exports to Russia in May amounted to $90.9 billion, falling by 1.95% compared to the same year, but the ratio rose by 9.3%. This is the first sign of a halt to stability after a two-digit drop in March and April.
Egypts Suez Canal revenue falls
11 June 2024
In May 2024, the revenue of the Suez Canal in Egypt dropped sharply to $3.378 billion, down by half from $6.48 billion in the same month in 2023. This phenomenon has attracted widespread attention from the global shipping industry and the economic community. The analysis pointed out that the main reason for the decline in revenue of the Suez Canal was the ongoing attacks by the Yemeni Ansar Alaa group (the Houthi Armed Forces), in particular...
Singapore port congestion crisis: global shipping prices jump!
7 June 2024
On June 3rd local time, global shipping giant Maersk Group stated that due to strong demand in the container market and the disruption caused by the Red Sea crisis, there are further signs of congestion at global ports, especially in ports in Asia and the Middle East. As the worlds second-largest container port, the congestion at the Port of Singapore is particularly severe, and the industry is paying close attention to this. According to Asia...
Korean instant noodles are booming worldwide: export value exceeds US$100 million for consecutive months!
5 June 2024
Data recently released by the South Korean Ministry of Agriculture, Food and Rural Affairs shows that South Koreas instant noodle exports reached $107.3 million in May, exceeding the $100 million mark for the second consecutive month, indicating continued growth in global demand for South Korean instant noodles. According to official data, South Koreas instant noodle exports first exceeded the $100 million mark in April this year, reaching $108.59 million, a year-on-year...
The European Central Bank may become the global leader in interest rate cuts, and the market is ushering in a watershed!
4 June 2024
As major central banks around the world take a wait-and-see approach, with the U.S. holding steady and Asian central banks acting cautiously, the European Central Bank is highly likely to become the leader in the global interest rate cut trend this week, signaling an impending watershed moment in global monetary policy. The European Central Bank will hold a monetary policy meeting this Thursday, and the market widely expects the bank to announce a 25 basis point rate cut. Industry insiders believe that the European...
Dragon Boat Festival merchandise is hot-selling around the world: traditional Chinese style sachets and dragon boat pendants are leading the trend!
3 June 2024
As the Dragon Boat Festival approaches, the charm of traditional Chinese culture is once again creating a wave of enthusiasm around the world. In Yiwu, Zhejiang, a city known as the Worlds Capital of Small Commodities, Dragon Boat Festival products such as colorful ropes, sachets, and bracelets have become blockbusters in the market, and are in short supply for a time. In a shop in District 1 of the Yiwu International Trade City, hundreds of colorful...
Export procedures, precautions and practical suggestions for construction vehicles
May 31, 2024
The export of construction vehicles involves multiple steps and requirements, and it is necessary to strictly comply with the regulations of customs and relevant departments. This article will detail the procedures and precautions for exporting construction vehicles (such as road rollers, asphalt pavers, concrete pump trucks, etc.) and provide some practical suggestions. I. Basic Requirements for Vehicle Export I. Export Qualification: Generally, companies exporting construction...
U.S. retailers respond to consumer downgrades during the summer promotion season
May 31, 2024
Although it is not yet officially June, the overwhelming 618 promotional advertisements may have already numbed many Chinese consumers. In the United States, although retailers have never had the habit of participating in 618, the traditional summer promotional season has indeed begun. Various signs indicate that this years summer promotions in the United States appear particularly frenzied against the backdrop of consumer downgrading.
Macron called for a ”Europe first" strategy to promote EU autonomy and unity!
30 May 2024
During a state visit to Germany, French President Emmanuel Macron called on the EU to adopt a “European priority” strategy, especially in key areas such as defence, space and other European products. This appeal is important in the current context of increasing global competition.
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