International Trade News

Japan’s trade surplus with the United States expanded for the first time in eight months in September on a year-over-year basis, as exports posted relatively strong growth despite a decline in auto shipments, according to preliminary trade figures released by the Japanese Finance Ministry today.

The book is closed on a three-year cross-border trucking pilot project, but the debate over cross-border trucking with Mexico is far from finished.

Containerized ocean imports to the U.S. surged 19.3 percent year-over-year in September, while containerized ocean exports from the U.S. slumped 13.0 percent.
U.S. imports of ocean containers reached a record high in September, as retailers expect a robust holiday season, but exports continued to decline from soft global demand, making 2014 so far the worst year for container exports in the past four years.

Truck capacity is tightening along the U.S.-Mexican border, forcing cross-border shippers to become more innovative, says Sonney Jones, a former shipper and now director of sales in Mexico for Transplace.

Cross-border trade between Southeast Asia neighbors Thailand and Myanmar in 2014 is expected to grow 10 percent year-over-year to more than $6 billion.

India’s trade deficit widened to $14.25 billion in September, up from $10.84 billion in August and $6.12 billion in September 2013.

Although most U.S. companies view China as one of their top-five markets globally, there has been a steady 30 percentage point shift over the past four years regarding how U.S. firms view their prospects in China’s market.

China’s exports and imports in September grew well above expectations on the back of a strong rebound in foreign trade, but not enough to dispel warnings from analysts that hard times lay ahead.

Chinese companies are expecting more restrictions on wastepaper imports in early 2015 following a proposal circulated in August by the Ministry of Environmental Protection that reflects a growing emphasis on environmental protection.

The largest U.S. container ports are expected to see a final surge in imports, with shipments setting a monthly record in October, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.