August 27 Trade Risk Alert
Release time:
2020-08-27 15:35
Source:
Mexico's second-quarter GDP fell 18.7 percent year-on-year, a record low.Mexico's "Financier" reported on August 26 that according to the latest data released by the Mexican National Bureau of Statistics, Mexico's GDP growth rate in the second quarter was -18.7%, a record low. The main reason is the economic blockade caused by the new coronary pneumonia epidemic, especially 4. the fact that almost all of Mexico's domestic economic activity stagnated in May. This is also the fifth consecutive quarter of negative GDP growth in the Mexican economy, with the first four being -0.02 per cent, -0.45 per cent, -0.78 per cent and -2.2 per cent respectively. (Ministry of Commerce website)
Germany has renewed its travel warnings for more than 160 countries and territories.The German government announced on the 26th that it will extend the travel warning for more than 160 countries and regions except most EU member states and the United Kingdom, Switzerland, Norway, Iceland and Liechtenstein until September 14. Residents should cancel all trips to these countries and regions. Unnecessary travel. (Xinhua)
France's new confirmed cases broke 5,000 in a single day.On the 26th local time in France, new confirmed cases of new coronary pneumonia in a single day in France again exceeded 5,000, and the official cumulative number of confirmed cases exceeded 250000. French Prime Minister Castei called on the public not to panic on the same day. (bright net)
Iran's annual inflation rate was 25.8 percent this month.The Iranian Financial Tribune reported on August 23 that the Iranian Statistics Center data showed that as of August 21, the consumer price index (CPI) in Iraq (the past 12 months) increased by 25.8 compared with the same period in the previous fiscal year.%. As of July 21, the figure was 26.4 percent. The CPI for the month (July 22 to August 21) rose 30.4 per cent year-on-year, compared with 26.9 per cent last month (June 22 to July 21). (Ministry of Commerce website)
Philippines suspends imports of Australian poultry.According to a report by the Philippine "World Journal" on August 20, following the report of the H7N7 avian influenza outbreak in Lethbridge, Victoria, Australia on July 31, the Ministry of Agriculture issued a memorandum order on Wednesday to temporarily restrict the import of Australian poultry products. The Animal Industry Bureau of the Ministry of Agriculture said it was confirming whether the strain of bird flu could be transmitted to humans. And the resumption of trade will only be possible if Australia proves that they have resolved the outbreak. (Ministry of Commerce website)
The outbreak caused the market value of South Korea tourism-related listed companies to evaporate 12 trillion won. Yonhap News Agency reported on August 26 that since the outbreak of the new coronary pneumonia epidemic, the total market value of the South Korea's 30 listed companies engaged in tourism, hotels, vehicle leasing, aviation, casinos, duty-free shops and other tourism and related industries has fallen to 57.01 trillion won, a decrease of 12.07 trillion won or 17.5 percent compared with January 17, South Korea, before the first confirmed case (69.08 trillion won). (Ministry of Commerce website)
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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.
Product recommend
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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