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Import cargo volume at the U.S. major retail container ports is expected to rise 9 percent in April from the same month last year, showed the monthly Global Port Tracker report released Monday by the National Retail Federation (NRF) and Hackett Associates. NRF said that U.S. ports handled 1.1 million Twenty-foot Equivalent Units TEU) in February, traditio...
Xinhua reported that China's imports of iron ore in the first quarter reached 177.17m tonnes, rising by 14.4% year-on-year. This initially favourable result was tempered however by sluggish growth in March, which has heaped greater pressure on the weak Baltic Dry Index. In March, iron ore imports rose just 0.8% year-on-year to 59. 48m tonnes. The average i...
Car sales in China rose 6.5 percent to 1.35 million units in March, recovering from the lowest growth rate in two years in February but still well below the hectic pace seen last year. The world's top auto market has lost some of its steam after years of rapid expansion and a major rebound is unlikely in the coming months now that the government has tak...
The Philippine government plans to increase its rice imports by additional 300,000 metric tonnes (MT) to ensure supply to ease possible shortage which will be caused by storms in the second half of the year. If the government approves the additional imports volume, this will be on top of the 860,000 MT that is expected to enter the country, local media Ph...
CHINA posted its first quarterly trade deficit in seven years driven by surging commodity prices and lower exports volumes over Chinese New Year period, reports the Wall Street Journal. China swung back to a small trade surplus of US$139 million and for the full year, economists expect exports to surpass imports. The gap between net exports and imports c...
China's home-made auto sales went up eight percent year on year to 4.98 million units in the first quarter of this year, the China Association of Automobile Manufacturers (CAAM) said Sunday. The pace of growth was 63.7 percentage points slower than that of the same period last year, said the association. The home-made auto output totaled 4.9 million un...
Japan's core machinery orders fell a seasonally adjusted 2.3 percent in February from the previous month, marking the first decline in three months, Japanese Cabinet Office said in a report on Monday. According to the government data, orders in the recording period totaled 748.8 billion yen (8.8 billion U.S. dollars), compared to 766.1 billion yen logged...
China reported its first quarterly trade deficit in seven years, but analysts said it will not be repeated in the coming months as tighter monetary policies, introduced to combat inflation, slow import growth. China registered a deficit of $1.02 billion in the first quarter, compared with a surplus of $13.9 billion last year, according to the General Ad...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
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