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The EU achieved a trade surplus of 51.2 billion euros in the first quarter of 2024, marking the third consecutive quarter of surplus. Export growth and import decline were the main reasons, though challenges remain in the energy and raw materials sectors.
South Korean government clarifies that the complete ban on 80 categories of uncertified products through cross-border e-commerce is untrue, stating only harmful products will be restricted while emphasizing safety inspection importance.
China is considering raising tariffs on imported cars with large-displacement engines, which could significantly impact luxury car manufacturers from the US and Europe while boosting the development of the new energy vehicle market.
Shanghai Customs data shows exports to Russia declined for two consecutive months, with U.S. sanctions having significant impact. Companies seek coping strategies while future cooperation potential remains substantial.
The international mineral market experiences significant price fluctuations, with nickel and silver prices surging sharply, while crude oil and various metals also see price increases. Growing demand and supply chain tensions are the main drivers.
Under U.S. pressure, Germany bans the sale of marine gas turbines to China, while Russia strengthens economic cooperation with China, particularly in energy and automotive manufacturing sectors.
The barley output of Kazakhstan in the 2023/24 year is expected to reach 3.25 million tons. With strong demand from China, Kazakhstans barley has an obvious price advantage, and its export volume has increased significantly.
Chinas cotton imports from Brazil surged 950% YoY in March 2024, driven by multiple factors including price competitiveness and recovering global demand.
The United States Trade Representative announced an increase in tariffs on key Chinese goods, including electric vehicles, batteries, solar cells, etc. China expressed dissatisfaction with this and promised to defend its rights and interests.
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PSB Record: Shanghai No.31011502009912
