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
Maersk, an integrated container logistics company operating in 130 countries, expects global economic growth to hover around 2% in 2023. Despite the improvement in the first quarter of the current year, cracks in the economic outlook began to appear in the second quarter. In China, the recovery from
The United States on Monday requested Mexico to review labor rights issues at automotive components factory of Grupo Yazaki, located in the state of Guanajuato. For the seventh time in 2023, and twelfth time overall, the United States requested Mexico’s review under the Rapid Response Labor Mechanism of