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Industry Trends

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South Koreas Chip Exports Soar 225%! AI Boom Ignites Taiwan Market

2024-08-13

Recent data released by the Ministry of Trade, Industry and Energy of South Korea and the Korea International Trade Association shows that South Koreas exports of memory chips to Chinas Taiwan region reached $4.26 billion in the first half of 2024, a significant year-on-year increase of 225.7%. This growth rate far exceeds the 88.7% increase in South Koreas overall memory chip exports, highlighting...

Paperless Clearance with Network Verification to Be Fully Implemented from January 1, 2023

2024-08-12

Recently, the General Administration of Customs, the National Development and Reform Commission, and the Ministry of Commerce jointly issued an announcement, deciding to fully implement online verification and paperless customs clearance for import tariff quotas starting from January 1, 2023.

New Developments in China - Russia Trade: Export Value Declined in July, Import Increased Steadily!

2024-08-12

In July 2024, Chinas exports to Russia declined year-on-year but increased month-on-month, while imports grew year-on-year, demonstrating the resilience of China-Russia trade relations under international political and economic pressures.

The EU imposes the 13th round of sanctions on Russia: focusing on the aluminum industry

2024-08-09

The EU announced the 13th round of economic sanctions on the Russian aluminum industry, triggering global market fluctuations and exacerbating supply - chain tensions.

Increased Dependence on European Natural Gas: Surge in Russian Supply!

2024-08-09

Despite the EUs efforts to reduce energy dependence on Russia, imports of Russian gas, particularly via the TurkStream pipeline and LNG, have surged significantly, with price advantages being a key factor.

Chinas agricultural machinery exports face pressure

2024-08-08

In 2023, global economic growth was sluggish, and Chinas agricultural machinery product imports and exports faced pressure, with total volume expected to decline by 10%, although some product categories performed well.

China sets a record in new energy installed capacity, approximately three times that of the rest of the world combined.

2024-08-08

In 2023, Chinas rapid development in the renewable energy sector was once again confirmed, with projected record growth in newly installed solar and wind energy capacity reaching 230GW, three times that of the rest of the world combined.

Global Sea Freight Rates Decline Again, and Competition on the West Coast of the United States Route Intensifies

2024-08-07

In recent years, the global shipping market has undergone significant changes, characterized by freight rate fluctuations, overcapacity, and adjustments in competitive dynamics. The latest data shows that the SCFI index continues to decline, with freight rates on the US West Coast route plummeting, and shipping companies facing intense competition. Meanwhile, seasonal order growth may drive a rebound in freight rates in the future, creating market uncertainty.

The following are the main processes of foreign trade export agents:

2024-08-06

When it comes to the most promising emerging markets in the world, Brazil is undoubtedly one of the best. From January to August this year, the bilateral trade volume between China and Brazil exceeded 100 billion US dollars, giving us reason to believe that this Latin American country has huge market opportunities. But why Brazil? Next, the editor will explain it in detail for you.

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