China’s Fujian Pilot Free Trade Zone launches 339 innovative initiatives

Since the establishment in April 2015, Fujian Pilot Free Trade Zone has been adhering to positive progress, bold trials, and independent reforms, and innovation has become the main theme of its birth.

Up to now, the overall plan of the Fujian Pilot Free Trade Zone has identified 186 key test tasks, among which 178 test tasks have been implemented and achieved initial results; 339 innovative initiatives have been launched; 110 innovative cases have been issued… More than 3 years since its establishment, the reform experiment field – Fujian Pilot Free Trade Zone continues creating new innovation to improve its development.

China import and export statistics and reports is a necessary tool for foreign trade companies to monitor their competitive environment. It helps import and export companies monitor competitors, analyze the market, and make smart marketing decisions in the modern information age. Tradedigits’s trade information comes from China’s import and export declarations. It helps companies to clearly understand the market situation, price, and competitive situation. It also provides scientific solutions for corporate competition.

At present, Tradedigits can provide import and export trade data of 20 countries around the world, by which the data users can develop customers in different markets.

ExxonMobil gets rid of the trade war and does business with China

Under the Sino-US trade war, most American companies have changed their business strategies to avoid tariff threats, and the world’s largest oil and gas listed company – ExxonMobil has made ways to do business with Beijing without the harm of tariff.

Exxon Mobil bets that there is the surge in demand for LNG in China and wil build the first storage and transportation company based in China.

According to ExxonMobil, its natural gas strategy is a two-pronged approach: on the one hand, it will increase the production of super-cooled natural gas in Papua New Guinea and Mozambique, and on the other hand, it will build the first import and storage center in China to satisfy China’s demand for its LNG.

“China’s natural gas demand is growing rapidly, and the imports are currently growing at a rate of over 10% a year, which is due to China has a governmental gasification projects and the LNG demand grows in industries such as petrochemicals,” the manager said.

This natural gas strategy, which has been taken into consideration for many years, can also bring additional benefits, that is, helping Exxon Mobil avoid global trade wars. ExxonMobil’s large-scale LNG projects in Papua New Guinea and Mozambique do not have to bear China’s 10% tariff on US natural gas imposed in response to the trade war caused by the US.

China Customs Data Customizes Trade Solutions

Tradedigits helps its users get the latest Chinese market news and China import and export information of target products:

● Dynamic detection of the latest Chinese market trends and trade information for target products

● Corporate data like details of traders, partners, potential Chinese buyers, competitors of a target product

● Other trade data such as trade information on tariffs, freight, ports, etc.

● Analysis reports on price, quantity, weight, port, etc.

Tradedigits integrates the real and authoritative China trade data of the official governments of China into the China import and export statistics, which supports multiple search conditions to search trade data, such as goods description, company name, port, place of origin, etc. Tradedigits provides the latest trade transaction data between importers and exporters in China, and offer comprehensive analysis and assessment from various perspectives such as industries, buyers, competitors, etc.

Relying on China import and export data, Tradedigits can customize trade analysis reports according to the needs of its users. The analysis reports contain the latest import and export trend changes report, market distribution analysis report, price analysis report, trade habit analysis report of designated Chinese importers and exporters, Chinese importers report, and so on. All these reports can be used as market assessment, helping companies make better business decisions, improve competitiveness, find trade opportunities and increase the chances of business success in Chinese market.

China’s export unexpectedly strong in October beyond US tariffs

In October, China’s foreign trade continued its positive situation in September. Excluding January and February this year, in Octomer both import and export growth rates hit a high point during the year. China’s strong internal demand has supported the rapid growth of imports over exports. The first session of China International Import Expo has released a positive signal that China will further expand its imports. On the export side, the government suggests its foreign trade companies should think about their survival pressure after the “selling out” dividend period, and better cope with the current new normal of Sino-US trade.

China customs data on Thursday showed that China’s exports last month increased by 15.6% from the same period of the previous year, rising from 14.5% in September and exceeding the analyst’s expectation of moderate slowdown to 11%.

Despite of the several rounds of US tariffs this year, China’s exports are surprisingly resilient. Chinese companies can increase shipments despite of US tougher tariff measures.

Container shipping rate from China to the US West Coast is still close to historical highs, which means shipments from November to early December will remain stable. China’s exports to the United States increased by 13.2% in October year-on-year.

The Oxford Economics Institute estimates that China’s export has also seen steady growth and is estimated to be “impressive”.

But analysts claim that strong export will not last longer for surveys on Chinese factory show that Chinese export orders have been reduced for several months.

US cancels tax exemptions for 50 Indian products

The United States has lifted tax exemptions for imports of more than 50 Indian products. Various Indian products exported to the United States, such as leather, textiles, dairy products, chemicals, musical instruments, processed fruits and vegetables will no longer enjoy tax-free benefits, and the free tax exemption will take effect on November 1st, 2018. India exports these goods to the United States each year at an estimated $75 million.

“In 2017, the number of eligible items exported by certain beneficiary developing countries exceeded the applicable competitive demand limit. I hereby terminate the tax exemption for such items from these beneficiary developing countries,” US President Donald Trump said.

The United States has also signed tariff reduction agreements with other global countries such as Thailand, Argentina, Pakistan, Turkey, the Philippines, Brazil, Suriname, Belize, Ecuador, Falkland, Kazakhstan, Egypt, Bosnia and Herzegovina.

However, 50 Indian products were affected, and according to the GSP benefits to developing countries, India received a $5.6 billion tariff reduction through the prior tax exemptions scheme, which has made it a big beneficiary.

“The limit is reviewed every year because the GSP is not reciprocal and the US has not received any returns,” said one trade expert.

To learn more about US buyers list and US market, please visit US import data for details.

Shanghai steel prices fall for weak economic growth in and tight trade out

The most active construction steel rebar for January delivery on the Shanghai Futures Exchange closed down by 1.2% to 4,127 yuan ($592.19) per ton, after a one-week low price at 4,113 yuan.

The price of hot-rolled coils also fell, falling by 2.9% to 3,751 yuan per ton, the lowest since July 9, and then rose by 1.6% to 3,802 yuan per ton, a drop of 1.4% finally.

China’s official Purchasing Managers Index (PMI) showed that Chinese steel prices index fell to 50.2 in October, the lowest level since July 2016, down from the 50.8 in September, indicating that the economy has been increasingly influenced due to the growing trade war with the United States.

Among the steel raw materials, the futures of iron ore on Dalian Commodity Exchange closed down 0.8% to 533.5 yuan per ton, and fell for the second consecutive transacting day after hitting a seven-month high on Monday.

Iron ore trade increased by 8.1% in October which was the best month since November 2017 due to lower shipments from Rio Tinto.

Dalian coke futures closed down 0.4% on Wednesday and coking coal’s fell by 0.3%.

Know more about China’s steel export by searching China export database, by which you can learn:  Who is exporting? Where does it export to? What are the quantities? And who buys the goods?

Global pumpkin exporting countries

In 2017, the total export volume of pumpkins was 1.3 billion U.S. dollars, and the export volume of all pumpkins increased by 12.4% in the five years than that in 2013, while the value of global pumpkins export increased by 9.9% year-on-year.

Among all continents, countries in Europe exported the highest value of pumpkins in 2017, which was 611.6 million US dollars, accounting for 47% of the global total. Exporters from North America took the second place, accounting for 39.5%, while 5% of the world’s pumpkin exports came from Asia. The smaller percentage came from Oceania (3.8%) and Africa (2.4%) and Latin America (2.3%, excluding Mexico).

As the leading global trade data service provider and international trade solution provider, Tradedigits has always focused on the international trade field. It has established a rich product service chain through the import and export  database on five continents. Relying on its strong advantages of reliable and wide data resource and professional technical expertise, Tradedigits has built the world’s largest business information platform and the first trade intelligence application platform in its industry. It is committed to integrating global trade resources, promoting corporate trade development, helping enterprises to actively enter the international market and enhancing the international market competitiveness of foreign trade enterprises.  Apply for a 7 days free trial service of global import and export data on Inforvellor’s platform!

Global Importers Directory

The global importers directory is also known as the global buyers list. The global importers directory includes detailed contact information for global importers, such as emails, addresses, zip codes, contacts, telephones, faxes, etc. The global importers directory is generally searched by the top 6 digits of the HS code of a product, or by the keywords of a product name. Click for a sample of the global importer directory.

The directory can be searched by the six-digit HS codes or by the English name of a product. This list refers to importers who have imported goods with designated HS codes in recent years.

Advantages of global buyers list:

1. A large number of buyers with a wide range of sources: more than 2 million quality buyers from 20 major trading countries around the world;

2. High matching and quick filtering: search by a goods description or HS code, you can get the matched buyers’ names, which does good to avoid useless inquiries, and is easy for enterprises to quickly find suitable buyers, so as to save business development time;

3. Find real quality buyers who do procurement frequently: the buyers in our customs database are real and active quality buyers with purchase records.

China is the largest export market of Philippines

Recently, the Philippine Statistics Authority (PSA) claimed that China was currently the largest export market of Philippines.

According to the trade data released by PSA on Wednesday, China ranked first in importing Philippine goods. In August 2018, the total value of exports was 939.98 million US dollars, an increase of 34.4% year-on-year.

Among the commodities exported by Philippines to China, electronic products rank first, with an export value of 3.804 billion US dollars, accounting for nearly 60% of the total exports of the Philippines to China. In the same period, Philippine imported 3.299 billion US dollars of electronic products and 2.332 billion US dollars of steel from China, accounting for 21.2% and 15.0% of the total imports of Philippine.

Tradedigits is the earliest professional service organization in the field of “trade information”research and operation in China, and is the preferred partner for export enterprises to expand overseas markets. At present, it can provide export and import customs data of 20 countries. The data comes from B/L, waybill, and bill of entry recorded in local customs. Our Customs Data Analysis Report can help you get the best market investment strategy based on our timely and accurate trade information.

Chile’s foreign trade situation

Chile is an important trading partner of China in Latin America. The economic scale of China and Latin America has changed the relationship between the two sides in trade and finance.

Chile is the narrowest country in the world. It is located at the southern tip of Latin America. It borders Peru and Argentina and has a population of about 18 million. In 2015, the per capita GDP reached US$23,564, leading in the whole Latin American countries. It is expected to reach the level of developed countries in 2019.

The political situation in Chile is stable, the government is changing in order, the economic policies and various laws are stable, and social security level is at the top among Latin American countries. At the same time, Chile has been pursuing an open and free market economy policy, and has signed free trade agreements with many countries and regions in the world. It is the first country to sign a free trade agreement with China and one of the sponsors of the TPP.

Chile’s copper, iron, zinc, lithium, gold and silver, wood, oil and other natural resources are abundant, and it plants economic crops such as soybeans and corn, but the manufacturing industry is relatively backward.

Tradedigits currently provides global trade statistics data covering more than 100 countries and regions in Asia, Europe, America, Oceania and Africa, providing a solid foundation for in-depth market research.