International Trade News
India’s exports slumped for the 11th straight month in October, albeit at a slower pace than the previous two months, according to the newest provisional trade figures released by the Ministry of Commerce and Industry.
Like Yoda using the force to lift an X-Wing from the swamp of Dagobah, U.S. demand for Star Wars toys from action figures to lightsabers is forecast to help raise total containerized toy imports 10.9 percent year-over-year, according to JOC Senior Economist Mario O. Moreno.
Swollen inventories and sluggish global growth have led JOC Senior Economist Mario O. Moreno to cut his forecast for U.S. containerized imports this year to 5.4 percent from his previous forecast of 6.6 percent.
Logistics operators at the U.S.-Mexican border are handling more transloaded truck freight, as rising volumes clash with the weak peso and imbalanced capacity.
China may lose its entire Vietnamese apparel market in addition to being effectively cut off from U.S. trade because of yarn rules within the Trans-Pacific Partnership that was recently agreed between member nations.
LONG BEACH, California — Footwear importers will save millions of dollars in annual duties if the Trans-Pacific Partnership trade agreement is implemented by the participating countries in the coming two years, the president of the Footwear Distributors and Retailers of America said Tuesday.
Cross-border shipments of auto parts from Mexico are outpacing growth in containerized imports through U.S. ports in a market roiled by West Coast port congestion and diversion to air freight during the first half of this year.
The United States remains Japan’s biggest export market, edging out rival China, and will likely see that status receive a significant boost from a historic trans-Pacific free trade agreement.
India’s exports plunged 24.3 percent year-over-year in September, the steepest decline since July 2009, increasing pressure on the Narendra Modi-led government to rev up the economy in the wake of sluggish global demand.
The benefits of the recently agreed Trans-Pacific Partnership on Asia-U.S. trade will not be felt immediately, but the 11-nation deal will have an impact on volumes in the longer term, according to JOC senior economist Mario Moreno.