International Trade News
The 2014 JOC Top 100 Exporters rankings once again are led by businesses engaged in recycling operations and industrial companies.
The general slowdown in China’s container exports was supported by the latest manufacturing data that shows weak factory activity being recorded in the mainland for the fourth consecutive month.
A new free-trade agreement between Australia and its largest trading partner, China, will likely further accelerate containerized trade between the duo after their volume rose 14.6 percent in the last three years.
In an ominous sign for its export-reliant economy, Japan’s red-hot merchandise trade with the United States lost some steam in May after expanding by more than 20 percent in March and April.
India’s merchandise exports fell for the sixth consecutive month in May, the longest streak of declines since 2009, even as the Narendra Modi-led government rolled out a spate of schemes to stimulate manufacturing output and spur domestic demand.
The creation of a containerized rail operator by the Eurasian Customs Union is aimed at capitalizing on growing volume moving between Europe and Asia.
Retailers and their suppliers dominated the JOC’s Top 100 U.S. Importers rankings once again in 2014. Here’s a quick look at the companies making up the Top 10 importers in U.S. foreign trade via ocean container transport.
U.S. containerized imports are forecast to rise 5.4 percent year-over-year in the second half of the year after inbound volume at the major gateways for retail goods hit normal levels in April, according to the monthly Global Port Tracker.
The volume of containers shipped via publicly-owned major ports in India expanded 4.3 percent year-over-year in April and May, the first two fiscal months, according to provisional port statistics collected by JOC.com.
Brazilian shoe manufacturers are this month eyeing up export opportunities to Italy, with the national footwear association mounting an expedition to Lake Garda in an effort to find Italian markets.