International Trade News
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.
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.
The Port of Charleston took a step closer to dredging its 45-foot-deep ship channel to as much as 52 feet after gaining the Army Corps of Engineers’ tentative approval of the project’s draft environmental impact statement.
Growth rate figures from the World Trade Organization appear to be an underestimation of growth in container volumes, and as a result, SeaIntel Maritime Analysis still expects global container demand growth to be 4 percent to 6 percent in 2014, despite downward revisions to WTO forecasts.
U.S. imports of wooden bedroom furniture by dollar value have increased for four consecutive quarters, driven by an ongoing recovery in the real estate market and falling national unemployment numbers...