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Many small commodity enterprises in Yiwu are seriously overstocked due to freight increase

Since the beginning of last year, the global container freight prices continue to climb, part of the shipping line container market price soared to more than 10 times. Yiwu, Zhejiang province, is an important concentration of China’s foreign trade commodity export, every year there are a large number of foreign merchants to purchase here, the drastic change of container freight price has a huge impact on Yiwu commodity export….

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A lot of shipping companies suspended/adjusted the route from Asia to the West of the USA

As the global economy continues to recover from the pandemic, congestion is a major factor affecting ship reliability and rates. According to VesselsValue Trade and AIS data, a total of 2.366m TEUs and 181.6m DWT are currently “on hold” globally while waiting for berths. The average waiting time per ship outside the ports of Los Angeles and Long Beach has also surged to 17.7 days, up from 16.9 days…

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Focus on Africa: Another state of emergency declared!

Issue cargo overweight surcharge adjustment from China! Ethiopia has declared a six-month state of emergency as rebels from the Tigray People’s Liberation Front (TIGRAY People’s Liberation Front) approach the capital Addis Ababa amid deteriorating security in the north of the country, the government said. In response, the United Nations and the African Union have called on all parties in Ethiopia to cease hostilities. UN Secretary-General Antonio Guterres issued a…

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Thirty-two countries have abolished the GSP for China’s trade

Customs website on October 28, according to the announcement, from December 1, China will no longer be the members of the European Union, Britain, Canada, Turkey, Ukraine and Liechtenstein 32 countries such as the GSP certificate of origin issued by the goods, that means China and those 32 countries are cancelled each other trade preferential treatment, These 32 countries no longer give China GSP treatment in trade. Alleged “universal…

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Air freight prices ready to soar

Shanghai airport cancelled a large number of flights due to the International Import Expo.It is understood that the Feedback of East China Administration, due to the Shanghai International Import Expo, the change of passenger to cargo flights before November 13 will not be approved. CAAC East China Administration administers airports in Shanghai, Jiangsu, Zhejiang, Shandong, Anhui, Fujian, Xiamen, Jiangxi and Qingdao. As a result, the chartered flights signed by…

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China Textile City launched a new form of procurement in half a year, more than 10,000 orders, tailored for small and medium-sized enterprises

As of August 2, 199 market entities have been recorded on the Online information platform of China Textile And Light Industry Market Procurement Trade, with a total export value of 10,086 pieces worth us $916 million, ranking among the first batch of pilot cities in terms of single volume and value. As the largest and largest textile distribution center in the world, China Light Textile City officially launched the…

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The first China-Asean bird’s nest cross-border industrial chain was formed in guangxi Pilot Free Trade Zone

China (guangxi) free trade area, assistant director of qinzhou port area management committee Liu Xiaotang 2 introduces, in recent years, the qinzhou port area relying on the unique horse “double garden” between the two countries in the working platform and working mechanism, in the national leader in Malaysia Mao Yan import business processing characteristics, successfully build the first china-asean bird’s nest cross-border industrial chain, It has set a good…

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Us Christmas products will be more expensive due to shortages in Yiwu

This year, Yiwu in Zhejiang Province, home to the world’s largest plastic reindeer, neon ribbons and other Christmas products, is feeling unprecedented grinch pressure. Factories are affected by the shortage of raw materials, production costs are rising, and the global supply chain crisis has caused delays to logistics to a certain extent. Yiwu has also been affected by power rationing since mid-October, with some manufacturers having to build their…

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Online food orders in Russia rose 177 per cent year on year

According to Wildberries, over a nine-month period in 2021, food sales on online platforms increased 117% compared to the same period last year. Overall, Russians placed more than 39 million food orders, up 177 percent from the same period last year. In the third quarter of 2021, the number of food orders reached 14.1 million, the highest in 2021. Wildberries believes the trend is linked to the growing number…

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Clothing is the most popular holiday shopping category in Canada

Unlike last year, consumers are likely to spend more this year as the pandemic has eased and people are returning to pre-pandemic holiday traditions, including parties and gift-giving. After a survey of 2,500 consumers, RCC expects Canadians to spend an average of $792 on holidays this year, compared with $693 last year. Based on past experience, consumers actually spent much more than they planned, so actual spending could exceed…

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The shipping price has gone up to 35! Seller tears: can not afford

After the National Day holiday, shipping prices quickly ended the short slide, began a strong rebound. According to the latest feedback from a number of sellers and freight forwarders, the current price of Meisen has risen to more than 30 yuan /kg, the highest quoted at 35 yuan /kg, exceeding the level before the end of September price drop, hit a new high, the sellers who witnessed the history…

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India’s manufacturing recovery has been hampered by a severe power shortage crisis that has left northern states without electricity for 14 hours a day

After the second wave of COVID-19, India’s economy has gradually recovered and its power demand has increased sharply. The wind of energy crisis is also blowing towards India. Soaring coal prices have caused a coal rush in an economy that relies on coal for 70 percent of its electricity. Some power plants have run out of coal, leaving the country short of electricity. According to data provided by The…

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Demand for Russian autumn and winter clothing is surging, with consumers spending more than 20,000 rubles

In September 2021, the number of clothes and shoes purchased online by consumers increased by 77 percent compared with the same period last year. At the same time, online sales increased by 93 percent, with the average value of each order reaching 1,745 rubles. The number of buyers and the number of online stores increased by 66% and 13%, respectively, compared with the same period last year. Women are…

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80,000 containers backlog! Port congestion, goods may be delayed until the Spring Festival shelves

Matson shipping’s price hike and Amazon’s storage capacity limit have exacerbated the already dire logistics problems, which have not been alleviated. It is reported that the third largest container port in the United States, the port of Savannah cargo backlog is serious, there are 80,000 containers backlog at the port, more than half before. This undoubtedly aggravates the difficulty of replenishment for sellers in the peak season. Not to…

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Lower shipping prices between China and the United States, The export of home appliances should seize the opportunity

Shipping rates between China and the US have fallen since the end of September. The latest Global-Baltic Container Freight Index (FBX) shows that the Asia-West America freight index has fallen to $17,377 per FEU from over $20,000 per FEU in early September. After freight rate appears to be adjusted, businessmen have to seize the time to ship. Some operators of Yiwu International Trade City said that only 30% of…

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German media lauds’ astonishing growth ‘in China’s exports

On October 13, German media hailed China’s “astonishing growth” in Exports in September. In dollar terms, China’s exports rose 28.1 per cent in September from a year earlier, surprising industry experts, Germany’s T-Online portal reported, citing the latest figures from China’s General Administration of Customs released on the same day. China’s exports, the world’s second largest economy, have continued to grow both year-on-year and month-on-month: in August, China’s exports…

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“Made in Shenzhen” is popular in the international market, and the export of consumer electronic and electrical products is growing significantly

Shenzhen continued to promote cross-border trade facilitation, with imports and exports increasing by nearly 20% year-on-year in the first half of this year. In the first half of this year, GDP grew by 12.7% year on year. Major indicators such as industry, consumption, investment and imports and exports continued to rebound. In the first year of the 14th Five-year Plan, the Chinese economy has delivered a semi-annual report of…

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Recently, the continuous rise of shipping prices seems to be cooling trend

Shipping prices fell slightly before October 1 this year. According to data released by the Shanghai Shipping Exchange on September 30, China’s export container freight Rate Index (CCFI) was 3,220.55 points, down 0.5% from the previous period; The Shanghai export container freight Index (SCFI) fell 0.6 per cent to 4,614 points. Since this year, high upstream raw material prices and shipping prices have been the pressure on foreign trade…

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