European gas demand dropped by 7.4 percent
29 May 2024
According to data released by the European Statistical Service Eurostat, the EU’s natural gas demand fell by 7.4% in 2023 to a total of 12.72 million yen, the lowest figure since 2008. This is also the second consecutive year after the demand for natural gas fell by 13.3% in 2022, once again showing Europe’s achievements in responding to the energy crisis and reducing reliance on Russian fossil fuels.
Chilean salmon export volume increases but value decreases, the industry faces challenges!
28 May 2024
According to statistics recently released by the Conselho del Salmón, Chile’s sandwich exports reached 77,45 million tons in 2023, up 3.1% compared to the same year, but exports fell by 2.1%, to just 64,62 billion.
Chinese electric vehicle sales surge in Brazil, triggering trade friction between China and the United States!
27 May 2024
Since the beginning of 2024, new car sales of Chinese automakers in Brazil have grown rapidly. According to statistics, from January to April 2024, new car sales of Chinese brands reached 48,000 units, an eightfold increase compared to the same period last year. This data marks the rise of Chinese electric vehicles (EVs) in the South American market and shows the regions great interest in Chinas advanced technology and affordable prices. ...
Indonesia's policy reversal: Relaxing import regulations to solve the problem of cargo congestion at ports!
May 24, 2024
Recently, the Indonesian government announced a revision to an import regulation to address the issue of thousands of containers stranded in ports due to trade restrictions. This move aims to alleviate the operational difficulties faced by businesses due to import restrictions and improve Indonesias economic credibility. Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto stated at a press conference on Friday...
Yellen visits Delhi to win over the EU, and the trade war between China, the United States and the EU is about to break out!
May 23, 2024
On May 21st, U.S. Treasury Secretary Janet Yellen visited Frankfurt, Germany, and once again hyped the issue of Chinas overcapacity, urging the United States and its Western allies to respond in a united way to Chinas growing manufacturing strength. Yellen emphasized that if joint action is not taken, European and American industries will face serious threats. Calls for Cooperation and Green Industries Yellen, during her visit...
European beekeeping crisis: Chinese honey triggers protests and challenges!
22 May 2024
On May 20th, the world celebrated International Bee Day, aiming to raise public awareness of the importance of bees and other pollinators in food security. However, the day was also filled with protests. Beekeepers in many European countries, including France, mobilized to protect European-made honey and resist honey imports from Asian countries such as China. ...
Japan and ASEAN join forces to build a new alliance for the electric vehicle industry!
May 21, 2024
Amidst increasing competition in the global electric vehicle market, Japan and ASEAN countries plan to jointly establish the first automobile production and sales alliance in Southeast Asia. This move marks a significant step for Japan in addressing the challenges of the electric vehicle market. Establishing a Strategic Alliance According to the Nikkei, the two sides plan to hold an economic...
The United States has increased tariffs on Chinese products, raising concerns of a global trade war
20 May 2024
Recently, U.S. President Joe Biden announced a significant increase in tariffs on a variety of industrial and technological products exported from China, a move that could trigger a global trade war and have a profound negative impact on the international economy. According to the latest forecast from the World Trade Organization (WTO), international merchandise trade is expected to grow by only 2.6% in 2024, following a contraction of more than 1% in 2023. Biden...
The global shipping market is tight: freight prices have soared, and foreign trade companies are facing challenges!
May 17, 2024
In recent years, the volatility of the international maritime market has increased and has recently been affected by the red sea crisis, and the global maritime market has once again experienced extreme tension. Ships circumvent, fleet turnover rate has decreased, coupled with shipping company strategic adjustments, making the overall class position unusually tense in May, and shipping prices are expected to continue to rise in the next two weeks.
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