In developed markets, steel production fell sharply during the second half of 2022, particularly in the fourth quarter of the year, before rebounding in the first half of 2023. ArcelorMittal said that in Europe, voluntary production curtailment in response to high energy costs brought steel production in the
The United States Trade and Development Agency (USTDA), established in 1992, is an independent agency whose purpose is to promote U.S. economic development and trade interests in developing and middle-income countries. In particular, the Agency funds project formulation and partnership-building activities to develop sustainable infrastructure and foster economic
The commodity rally that began in 2021 and continued through the first half of 2022 subsided in the second half of 2022 and into 2023. Higher-than-normal inflation was one of the main drivers of the strong commodity performance, and those numbers began to cool from the highs reached
Canada, Mexico and China were the top importers of goods from the United States in the first half of 2023, according to Census Bureau data. Canadian imports rose 0.5% to $177.764 billion, followed by Mexico’s imports, which were unchanged year-over-year at $160.552 billion, and China’s imports, which rose
The top three merchandise exporters to the United States in the first half of 2023 were Mexico, Canada and China. In the top position, Mexico exported $236.046 billion worth of goods to its northern neighbor, up 5.4% year-on-year. Overall, the U.S. trade and investment regime has remained open
In the second quarter, container demand declined between 4 and 6.5% year-on-year, due to weak import growth in North America, Oceania and Far East Asia. The shipping industry is critical to international trade, as it is the only viable and economical way to transport large volumes of many