Global manufacturing data is weak, Europe and Asia face challenges
September 2, 2024
The latest manufacturing survey data shows that as major global factories face lukewarm demand, important manufacturers in Europe and Asia performed weakly last month, increasing the risk of insufficient momentum for global economic recovery.
The rapid expansion of the European e-commerce market and the impact of China-EU cooperation
August 30, 2024
Currently, the European e-commerce market is rapidly expanding, becoming a new growth point for global trade. According to a recent research report released jointly by Nielsen IQ and Smart Intelligence, in the first half of 2024, the number of European e-commerce market users will grow by 1%, and online shopping frequency will increase by 4%. The European cross-border e-commerce platform European cross-border commerce report also shows that in 2023, European companies...
BYDs plan to invest and set up a factory in Mexico has made progress
August 23, 2024
Chinese electric vehicle manufacturer BYDs plan to invest in a factory in Mexico has recently made new progress. Despite pressure from the United States, BYD has not stopped its global expansion. According to a Reuters report on August 21, BYDs Mexico head Jorge Vallejo revealed that the company has narrowed the location of the new factory to three states and is...
Germanys exports fell in the first half of 2024 while its foreign trade surplus increased
August 22, 2024
According to the latest data released by the German Federal Statistical Office on August 19, 2024, Germanys exports in the first half of 2024 fell by 1.6% year-on-year, totaling 801.7 billion euros. Meanwhile, imports fell by 6.2% year-on-year, dropping to 662.8 billion euros. These data indicate that although Germanys foreign trade activity has decreased overall, its foreign trade surplus has increased significantly.
Meeting the challenges of fertilizer import and export: How to optimize the classification and testing process?
19 August 2024
In the context of growing global population and increasing climate change, agriculture faces unprecedented challenges. How to increase food output on limited arable land has become an urgent problem for countries to solve. In the process, fertilizers have played a crucial role as the most basic and critical material input in agricultural production. Especially in China, as the world’s major fertilizer.
The continued growth of trade cooperation between China and ASEAN and the prospects of the electric vehicle industry
19 August 2024
Latest data shows that from January to July 2024, ASEAN maintained its position as Chinas largest trading partner, with bilateral trade volume reaching 3.92 trillion yuan, a year-on-year increase of 10.5%, accounting for 15.8% of Chinas total foreign trade value. Among this, Chinas exports to ASEAN amounted to 2.36 trillion yuan, up 13.7%; imports from ASEAN reached 1.56 trillion yuan, up 5.9%...
Free Trade Agreement between the European Union and the Southern Common Market: A historic breakthrough is imminent!
9 August 2024
After 25 years of negotiations, the free trade agreement between the EU and Mercosur has finally reached a critical stage. Both sides are intensifying efforts to reach a final agreement by the end of 2024. If signed, this agreement would not only mark historic cooperation between the two major economies but also save European companies up to 4 billion euros in customs duties annually...
Headwinds in the global retail industry: adjustment of business strategy under inflation and weak consumption!
5 August 2024
Recently, financial reports and operational changes from several foreign consumer companies have shown that high inflation and weak consumption have dragged down their performance, leading to continuous declines. Some companies have had to shut down. Adjusting business strategies has become a primary method for many companies to cope with these headwinds.
Bangladeshs exports to the United States have declined: Global competition and internal challenges!
2 August 2024
According to data from the Office of Textiles and Clothing of the U.S. Department of Commerce, Bangladeshs cotton clothing exports to the U.S. decreased by 9.56% by five months before 2024.In addition, clothing exports produced using artificial fibers decreased by 21.85%, to just 7.5508 billion.These data show that total U.S. clothing imports decreased by 6.0% by five months before 2024.
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