International Trade News

With the global middle class set to grow by nearly 3 billion people by 2030, congestion threatens to choke trade and economic growth, economist Walter Kemmsies told the SMC3 2015 JumpStart conference last week.

Australian wine exports to China have almost recovered to levels recorded before Beijing’s austerity measures severely dented volumes, according to data released by the Australian Grape and Wine Authority.

China's Qingdao port truck gates
Rising foreign trade that drove up throughput at China’s container ports in 2014 is expected to continue this year on the back of strengthening demand from the U.S. and Europe, and despite a slowdown in the mainland economy.

A free trade agreement (FTA) between Australia and Japan came into effect on Jan. 15, granting virtually all Australian exports preferential or duty free access to the giant Japanese market.

Total container throughput at China’s top 20 ports reached 175 million TEUs in 2014, an increase of 5.3 percent over the previous year as solid exports to the U.S. helped drive up the cargo numbers.

Asian countries dominated the 2015 Agility Emerging Markets Logistics Index released today with four nations ranked in the top 10 emerging markets – China, Indonesia, India and Malaysia.

The U.S. economic engine is powering cross-border sales and truck freight traffic with Canada, sending spot-market cross-border loads to record highs, TransCore Link Logistics says.

U.S. footwear import data have revealed the extent of the shift in sourcing that last year saw manufacturers steadily expanding production in Vietnam at the direct expense of China’s market share.

China’s exports in 2014 recorded the second slowest growth since the country joined the World Trade Organisation in 2001, rising just 6.1percent as overall trade growth for the year slumped to 3.4 percent.

A tractor-trailer approaches the U.S.-Mexico border.
Even if Mexican carriers rush to apply for U.S. authority, getting freight across the border won't become easier without improved customs processes, an expert on U.S.-Mexican trade says.