INSIGHTS China's exports rose 6.7 per cent YoY to 23.04 trillion yuan (~$3.2 trillion) and imports grew 2.4 per cent to 16.75 trillion yuan (~$2.3 trillion) during January-November 2024. The total trade increased 4.9 per cent to 39.79 trillion yuan (~$5.6 trillion). In October, trade expanded 4.6 per cent YoY. From January-October, trade rose 5.2 per cent to 36.02 trillion yuan (~$5 trillion). China’s exports increased 6.7 per cent year on year (YoY) during the first 11 months (January-

INSIGHTS ICE cotton prices weakened amid slow US export sales, which fell 47 per cent week-on-week, and a 33 per cent decline from the four-week average, as per USDA data. A weaker dollar and higher crude oil prices offered support, with the latter boosting sentiment due to increased polyester costs. Broader agricultural market gains helped offset losses. ICE cotton weakened further due to pressure from slow export sales from the US. Export sales remained slower compared to the past two weeks

INSIGHTS The Drewry World Container Index (WCI) rose 6 per cent to $3,533 per FEU as of December 5, 2024, following news of an upcoming ILA port strike in January 2025. While rates between some routes have increased, those from Shanghai to Los Angeles and Rotterdam to Shanghai saw declines. Drewry anticipates further hikes in the Transpacific sector due to the expected strike. The Drewry World Container Index (WCI) composite index has jumped 6 per cent to $3,533 per 40-foot equivalent unit (F

INSIGHTS The global economy is projected to remain resilient despite significant challenges, according to the OECD's latest Economic Outlook, which projects global GDP growth of 3.3 per cent in both 2025 and 2026—up from 3.2 per cent in 2024. Inflation in the OECD countries is expected to ease further, from 5.4 per cent in 2024 to 3.8 per cent in 2025 and 3 per cent in 2026. The global economy is projected to remain resilient despite significant challenges, according to the Organisation

INSIGHTS Descartes Systems Group's 2024 Supply Chain Intelligence Report reveals global trade challenges, with 48 per cent of executives citing rising tariffs and trade barriers as their top concern. Supply chain disruptions and geopolitical instability followed. The report emphasises the need for technology-driven analytics to navigate complex global trade issues and improve supply chain resilience. Rising tariffs and trade barriers emerged as the top concern for global logistics and supply

INSIGHTS ICE cotton prices rose for the fourth session, driven by a weaker dollar and strong US export sales, despite pressure from falling crude oil prices reducing polyester costs. March 2025 cotton settled at 71.72 cents/lb, with December 2024 up by 1.55 cents. US cotton harvesting reached 84 per cent, above the five-year average. Trading volume on November 25 was 49,810 contracts. ICE cotton gained on Monday, the fourth consecutive session since May 18, 2023. Weaker dollar index and stron

INSIGHTS ICE cotton prices rose for the second consecutive day, supported by increased US exports and oversold conditions, but gains were limited by a strong US dollar. The March 2025 contract closed at 70.43 cents per pound, peaking intraday at 70.89 cents. Weekly US export sales hit a marketing-year high, with China as a major buyer. Cotton remains near oversold levels. ICE cotton prices rose for the second day yesterday, driven by increased exports of US cotton and technical support from o

INSIGHTS The China-to Mexico ocean trade has seen record-breaking demand, with growth up by 18.9 per cent YoY in the first nine months this year, Xeneta said. This volume growth reached an all-time high in June. Such demand growth hit freight rates. On July 1, 2024, just as demand reached its peak, average spot rates from China to Mexico West Coast hit $7,770 per FEU—a YoY rise of almost 200 per cent. The China-to Mexico ocean trade has seen record-breaking demand, with growth up by 18.

INSIGHTS In January to October 2024, China's air cargo volumes surged 19.3 per cent from 2019, reaching 7.3 million tonnes, driven by a 48.5 per cent rise in international freight (2.93 million tonnes), as per CAAC. Average daily cargo flights hit 752, with international flights up 100.4 per cent YoY. CAAC aims to optimise traffic rights, routes, and cost efficiency in logistics. China's air cargo volumes have increased 19.3 per cent between January and October of this year, compared to the s

Last year, the EU partially withdrewCambodia from the EBA(Everything But Arms Act), due to which Cambodia's garment and footwear industry started facing import duties in the EU. As a spiralling effect, Cambodia started diverting its garment exports to the US and other countries and imports to EU declined significantly. A report. Cambodia's apparel exports significantly dropped by 36.56 per cent in 2020 to $112.45 million from $177.27 million in 2019 toEAEU(Eurasian Economic Union). The sudden d