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The United States has announced secondary sanctions on financial institutions that support Russia, sparking global trade tensions.Banks in Turkey and the UAE restrict transactions with Russia, affecting cross-border payments and foreign trade operations.

The Red Sea crisis has led to a sharp decline in revenue from the Suez Canal, which has been a major blow to Egypt’s economy.Houthi armed activity has aggravated regional instability, international shipping has been hampered, and Egypt faces multiple economic challenges.

Chinas trade activities showed unprecedented vitality, China-European ships, ocean freight ships and cross-border e-commerce promote global supply chain stability and innovation forces to enhance foreign trade competitiveness.

The Ministry of Industry and Trade of Vietnam has taken forward-looking measures to strengthen trade relations with major markets, explore emerging export markets and ensure stable export growth.Use free trade agreements to strengthen trade promotion activities, raise national brand awareness, support enterprises to overcome trade barriers and sustainable exports.

In 2023, Russias export structure of Wallin products changed significantly, and the pulp exports grew significantly, increasing to 25.4%, reaching a total of 3.6 million tons. At the same time, the exports of timber and crude wood remained stable, but the growth of seals was slow. The Russian government restricted the exports of crude wood, promoted the development of forest products and further industrial development. With the deepening of China-Russia economic and trade cooperation, Russian forest products exports are expected to continue to escalate.

With the U.S. viewing Mexico as its largest trading partner, China’s manufacturing industry is experiencing a “risk de-risk” trend.In spite of challenges, Chinese companies are seeking to expand overseas in response to the global supply chain restructuring.