June 17 Trade Risk Alert
Release time:
2020-06-17 10:38
Source:
Heavy losses in the airline industry under the epidemic are expected to be the worst year in history.Reuters Paris recently reported that the International Air Transport Association predicted that the airline industry is expected to lose $84 billion this year, making it the worst year in history, as the new coronavirus outbreak has halved airline revenue. The International Air Transport Association said that due to the current grounding of most flights around the world, aviation revenue may 8380 from last year'sbillion to $419 billion. (Ministry of Commerce website)
Alitalia is about to be nationalised.Reuters website June 12Italian Transport Minister Demicherry said Alitalia would soon become a state-controlled company and would assess the feasibility of integrating some of its assets. (Ministry of Commerce website)
Mexico's international competitiveness ranking fell to 53.6On the 16th, Mexico's "Economist" reported that according to the "World Competitiveness Yearbook 2020" compiled by the Swiss Institute of Management Development (IMD), Mexico dropped from 50th last year to 53rd, the lowest ranking since 1997. The IMD Academy assesses the overall competitiveness of an economy in terms of economic performance, government efficiency, management efficiency and infrastructure level. In the 2020 ranking, Mexico's economic performance dropped from 28 to 38, government efficiency dropped from 52 to 55, management efficiency rose from 49 to 48, and infrastructure level remained unchanged at 57. In addition, Mexico's comprehensive competitiveness ranking fell 3 places to 53 due to the decline of domestic GDP growth and the slowdown of foreign investment. According to the list, Singapore ranked first for the second consecutive year. Ranked from second to fifth are: Denmark, Switzerland, the Netherlands and Hong Kong. (Ministry of Commerce website)
Brazil's tourism industry lost nearly 90 billion reais due to the outbreak.Brazil World Wide Web 10According to the daily report, due to the new crown epidemic, Pakistan's tourism industry lost 87.79 billion reais (1 U.S. dollar is about 5 reais). Sao Paulo (31.77 billion reals) and Rio de Janeiro (12.48 billion reals) accounted for more than half of the country's losses, with an average order cancellation rate of more than 90% at the end of March. (Ministry of Commerce website)
PNG exports forecast to fall 3 percent in 2020.On June 16, the Courier Post reported that PNG's exports are expected to fall by 3% in 2020 due to sluggish international demand for PNG's main exports. Price factors will play a greater role than quantity factors, resulting in lower export earnings and lower economic account surpluses than in previous years. (Ministry of Commerce website)
The latest balance of Iran's external debt is $9.031 billion.Iran's Economy Online 6It was reported on the 15th that according to the report of the Central Bank of Iran, as of December 1398 in the Iraqi calendar (March 2020 in the Gregorian calendar), the balance of the country's foreign debt was 9.031 billion US dollars, a slight decrease compared with the previous quarter. The balance of short-term external debt was $1.539 billion and the balance of medium-and long-term external debt was $8.492 billion. (Ministry of Commerce website)
Singapore's economic growth is expected to contract 5.8 percent for the year.The Straits Times 6On the 15th, the Monetary Authority of Singapore released an economist survey report showing that due to the epidemic, economists predict that Singapore's economy will shrink by 11.8 in the second quarter of this year, and the full-year economic forecast will shrink by 5.8 percent from 0.6 percent growth three months ago. In individual industries, economists predict that construction, wholesale and retail, and accommodation and food services will shrink this year, with declines of 11.4 per cent, 12.8 per cent and 26 per cent, respectively. Manufacturing and finance and insurance are likely to grow by 2.2 per cent and 3.1 per cent, respectively. (Straits Times)
Singapore's Power Consumption Decreated by 5.7 in April during Blocking Period％。"Lianhe Zaobao" reported on June 16: Singapore's power generation fell by 5.7 during the implementation of the blocking measures in April, but the decline was smaller than during the global economic crisis in 2009. (Lianhe Zaobao)
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The company was founded in 1997, currently 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting. The company's process equipment strength, Japan's new east automatic casting line 6, commercial vehicle brake disc automatic casting line 2. There are 56 processing lines -6 full-automatic one-word processing lines and 30 robot processing lines. Packaging cleaning line 5, spraying line 3.
Since the beginning of this year, the price of raw materials has risen sharply, sea freight has soared, and the difficulty of finding a box of shipping space has seriously plagued manufacturing companies. The current power curtailment has made companies even worse. Take our company as an example. Since the power limit in early September, the company's production capacity has dropped by about 50% on average every day. Exports have decreased by 0.02 billion yuan. The performance rate of orders in hand is about 50%. New orders were reduced by 10%. These data are the impact of the current power rationing on enterprises. If the power rationing situation is not alleviated, the impact on enterprises in the fourth quarter will be more serious.
Recently, Yunnan, Jiangsu, Qinghai, Ningxia, Guangxi, Guangdong, Sichuan, Henan, Chongqing, Inner Mongolia, Henan and other places have begun to carry out energy control measures to limit energy consumption.
The total power generation in 021 is not low. In the first half of the year, China's total power generation was 3871.7 billion kWh, twice that of the United States. At the same time, China's foreign trade has grown extremely fast this year. According to data recently released by the General Administration of Customs, in August, the total value of my country's foreign trade imports and exports was 3.43 trillion billion yuan, a year-on-year increase of 18.9 percent, achieving positive year-on-year growth for 15 consecutive months, further showing a steady and solid trend. In the first eight months, the total value of China's foreign trade imports and exports was 24.78 trillion billion yuan, up 23.7 percent year-on-year and 22.8 percent over the same period in 2019.
The impact of the neo-coronary pneumonia epidemic on global supply chains continues, with high international freight rates, container shortages and terminal congestion still unabated, and labor shortages exacerbating the dilemma. The outbreak of the new coronary pneumonia epidemic in 2020, due to the obstruction of international freight, soaring transportation costs, international trade in goods greatly hindered, triggering a supply chain crisis in many countries (regions), since 2021, the new coronary pneumonia virus variant strain raging, so that the supply chain has not yet fully recovered.
Statistics from the China Association of Automobile Manufacturers show that in the first seven months of 2021, China's cumulative automobile exports reached 1.002 million, an increase of 1.2 times year-on-year, but the month-on-month growth was only 9.8 percent, showing a shrinking trend. Moreover, commercial vehicle exports fell 11.6 percent month-on-month, of which new energy commercial vehicle exports fell 57.8 percent month-on-month. It is said that the main reason for the decline in automobile exports is the poor shipping channels.
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At present, 4000 a variety of models of automobile brake discs, brake drums with an annual output of 10 million pieces. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
At present, 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
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