Post de Exportation et développement Canada - EDC

True! The Red Sea crisis is affecting the global supply chains! BUT... Let's not forget that shipping from China/Asia to Western Canada (Vancouver) remains an easy, somewhat affordable and fast ocean route! We strongly believe at AP that Canada should be high on your mind when reviewing your global supply chain! Can Canada be the perfect supply chain hub for all North American manufacturers and distributors? More to come from AP International on the concept of nearshoring! AP International - 3PL, Freight, Logistics, Transportation #globallogistics #supplychainstrategy #globaltransportation

True! The Red Sea crisis is affecting the global supply chains! BUT... Let's not forget that shipping from China/Asia to Western Canada (Vancouver) remains an easy, somewhat affordable and fast ocean route! We strongly believe at AP that Canada should be high on your mind when reviewing your global supply chain! Can Canada be the perfect supply chain hub for all North American manufacturers and distributors? More to come from AP International on the concept of nearshoring! AP International - 3PL, Freight, Logistics, Transportation #globallogistics #supplychainstrategy #globaltransportation

Trade recession across #asia? #china just reported a deeper-than-forecast drop in #exports. China said Tuesday that exports fell by 14.5% in July from a year ago, while imports dropped by 12.4% in U.S. dollar terms. That’s worse than what analysts had expected. A Reuters poll predicted a 12.5% decline in exports in July from a year ago, in U.S. dollar terms. Imports were expected to have dropped by 5% during that time, according to the poll. This drop is consistent with weakness just about everywhere in the region. Source: David Ingles, CNBC, Bloomberg

India-US carriers raise GRI hopes for 2024 amid export rebound signs Container carriers active on the India-US trades are looking at an opportunity to push the scale of their rate increases higher for 2024 as the emerging economy presents green shoots of export trade growth amid a slowing Chinese market. Here’s the latest JOC market report- https://lnkd.in/d5mqck5v

The trade balance showed a surplus of 3,836.23 million USD compared to that of 2,325.25 million recorded at the end of October 2022. Relative to GDP, this surplus represents 5.59% compared to 3.53% in 2022. https://lnkd.in/ez8rrAur

- WTO halves 2023 global merchandise trade growth forecast to 0.8%, citing a continued slump in goods trade and contributing factors like inflation and geopolitical tensions. - The forecast for 2024 sees a slight increase in goods trade to 3.3%, but risks include a China slowdown and a resurgence of inflation. - India's merchandise exports contracted, and Asia's export growth is expected to turn positive in the second half of the year. To know more, read the full article: https://lnkd.in/e5ZHV2b7 #theeneterprisenews #wto #trade #economy #growth #followformore

India’s Foreign Trade Performance and Outlook with special focus on Exports India’s Overall exports (goods & services) grew by 14.76% to US $ 776.38 billion in 2022-23 (April – March) powered by the 27.82% services export growth along with the 6.89 % merchandise export growth.............................. Post-covid recovery, services export growth was robust in 2021-22 at 23.50 per cent and continued to be robust even in 2022-23 at 27.82 per cent. However in 2023-24 Q1 and H1, it was just moderate at 5.89 per cent and 5.65 per cent respectively ..................................... Though World Economy is projected to slowdown and World Trade volume growth is projected to decelerate sharply as per IMF in 2023, there are some positive signs as well................. Full Details in link below. https://lnkd.in/gd-6S3Gw

China's exports likely contracted further in July, as manufacturers in the world's second-largest economy struggled for buyers in markets grappling with high inflation and rising interest rates, a Reuters poll showed on Monday. Data for July are expected to show a 12.5% fall in outbound shipments from a year earlier, following a drop of 12.4% in June, according to the median forecast of 28 economists in the poll. That would be the worst reading since the early days of the pandemic in February 2020, when exports fell an annual 17.2%, as strict COVID curbs and lockdowns across the country resulted in workers laying down their tools. #China #trade #data #forecast2023

Exports count for around 1/3 of the world GDP. They have been a major driver of recovery after Covid. Their annual growth has slowed significantly since the peak in 2021. This is mostly the case for goods as compared to services. The slowdown is more pronounced in emerging countries, which saw strong growth in exports of goods just after the Covid.   Better growth is expected next year. #exports #growth #economy

Global trade is bouncing back! 🌍✨ WTO forecasts 2.6% and 3.3% growth in 2024 and 2025 respectively. Resilient supply chains and multilateral trade framework drive this recovery. Join the momentum of the global economy! #GlobalTrade #Growth #WTO 📌 More info: