July 3 Trade Risk Alert
Release time:
2020-07-03 15:44
Source:
Global tourism lost at least 1.2 due to epidemicTrillions of dollars.United Nations Conference on Trade and Development (UNCTAD) (UNCTAD) released a report on the 1st, said the impact of the new crown epidemic, the global tourism industry has been stagnant for nearly four months, the loss of at least 1.2.Trillions of dollars, equivalent to 1.5 per cent of global gross domestic product (GDP). The report predicts that in the most pessimistic scenario, if the epidemic hits for up to 12 months, the global tourism industry could lose up to $3.3 trillion billion. (Public Daily)
Canada overtook Mexico as America's largest trading partner.7Month 2According to the latest statistics from the U.S. Department of Commerce, January 2020As of May, the total trade volume between the United States and Mexico was 201.5 billion US dollars, which was lower than the trade volume between the United States and Canada in the same period of 204.6 billion US dollars. Canada has become the largest trading partner of the United States, ending Mexico's status as the largest trading partner of the United States for 16 consecutive months. In the first five months of 2020, the top five U.S. trading partners were Canada (13.8 percent), Mexico (13.6 percent), China (12.4 percent), Japan (5.3 percent) and Germany (4.8 percent). (Ministry of Commerce website)
Mexican central bank forecasts 2020Mexico's GDP growth shrinks 8.97 percent in.7Month 2On the other hand, Mexico's central bank predicted that Mexico's GDP growth this year may be -8.97 percent., of which -17.94 per cent in the second quarter, 10.37 per cent in the third quarter and 6.08 per cent in the fourth quarter, the economy shrank or continued into the first quarter of 2021 (-2.52 per cent). In addition, the Bank of Mexico interest rate remained at 4.44 per cent this year, inflation for the whole of 2021 was 3.31 per cent, and the dollar was 1:22.78 against the peso. (Ministry of Commerce website)
United States unemployment rate 6The month is down but still at an all-time high.7Month 2On the day, data released by the U.S. Department of Labor showed that the U.S. unemployment rate fell 2.2 month-on-month in June.to 11.1 percent, but still at an all-time high. Data show that 4.8 million new jobs were created in the US non-agricultural sector in June, exceeding market expectations. This figure reflects the recent easing of social restrictions and a gradual restart of the economy in U.S. states, with companies resuming work and increasing employee recruitment. Another report released by the Labor Department on the same day showed that in the week ending June 27, the number of people applying for unemployment benefits for the first time in the United States reached 1.427 million. As of the week of June 20, the insured unemployment rate, which shows that the proportion of insured persons receiving unemployment benefits, remained at a historical high of 13.2. (Xinhua News Agency)
The consequences of the outbreak in Lithuania will be felt in the autumn.The president's adviser said recently that while the Lithuanian economy has performed quite well under the impact of the first wave of the epidemic, the stagnation of the export market has led to a rise in unemployment, GDP is expected to decline, and the real consequences of the epidemic will be seen in the autumn. In terms of export markets and the EU as a whole, the biggest recession since World War II is expected. Unemployment in Lithuania forecast to rise to 9.5 percent this yearEmployment will fall by 2.8 per cent. 2021The unemployment rate will fall to 8.1 per cent and employment will increase by 1.1 per cent. (Ministry of Commerce website)
French economic growth falls 17 percent in second quarter.According to the French Institute of Statistics and Economic Research, the Central Bank, the Institute of Economic Situation and various industry associations 29According to data released on the 2nd, France's economic growth fell 17% in the second quarter. 6Monthly economic activity decreased by 12% from normal years, significantly better than during the April-May period. Overall, the current level of industrial production in France is still 5-20 percentage points lower than normal. The number of people in "partial unemployment" in France reached 7.8 million at the end of May, and the government spent nearly 17 billion euros on the implementation of the partial unemployment plan for nearly three months. (Ministry of Commerce website)
Bulgarian government to add new 6.6billion euros to save 300000 jobs.Baobao National Radio reported: Baobao government plans to 9Continue to provide 0.66 billion euros through various measures before the end of the month to save more than 30million jobs. (Ministry of Commerce website)
Sri Lanka inflation rate 6Further decline in the month:The Daily News 7The headline inflation rate, as measured by the year-on-year change in the Colombo consumer price index, fell to 3.9 per cent in June from 4.0 per cent in May 2020. Food inflation rose to 10.0 per cent from 9.9 per cent in May, while non-food inflation fell to 1.4 per cent from 1.6 per cent in May. At the same time, the average annual core inflation rate fell further from 4.4 per cent in May 2020 to 4.2 per cent in June, the lowest in 13 months.(Ministry of Commerce website)
Thailand's exports are still not optimistic in the second half of the year.It is implemented by many countries around the world."The impact of the "closed management" measures, Thailand's exports in May 2020 were $16.278 billion billion, a contraction of 22.5 per cent year-on-year, and if the gold export component is excluded, the decline in Thai exports widened to 27.9 per cent in May, resulting in a 3.7 per cent year-on-year contraction in the total value of Thai exports in the first five months of this year. The year-on-year contraction in exports in May was Thailand's largest decline in more than 10 years since exports shrank 25.7 per cent year-on-year in July 2009, in line with exports from Japan (28.3 per cent year-on-year), South Korea (23.7 per cent year-on-year) and Indonesia (29.0 per cent year-on-year).(Ministry of Commerce website)
Australia 5The monthly trade in goods and services account fell short of expectations.Thursday (7)2nd of the month)In the Asian market, the Australian Bureau of Statistics announced the trade account of goods and services in May. Data show that Australia's goods and services trade account in May was lower than expected and the previous value. According to the data, Australia's trade in goods and services account (billion Australian dollars) in May is expected to have a pre -90 value of 88 present value 80.25, and the published data is lower than the previous value and expectation. (CICC)
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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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