INSIGHTS In 2023, the European Union recorded a €38 billion (approximately $40.9 billion) trade surplus, a stark shift from 2022's €436 billion deficit, as per Eurostat. This turnaround was due to a 16 per cent decline in non-EU imports, notably in energy products (34 per cent) and manufactured goods (21 per cent), driven by lower prices and volumes. The European Union (EU) recorded a trade surplus of €38 billion (approximately $40.9 billion) in 2023, according to the latest da

INSIGHTS Asia's economy is projected to grow by 4.5 per cent in 2024, with a significant contribution to global GDP at 49 per cent. Trade and investment recovery, alongside digital trade growth and key trade agreements, are expected to bolster the economy, despite challenges in employment and income growth. Inflation pressures are forecast to ease. Asia’s economy is estimated to grow about 4.5 per cent in 2024, according to the latest Asian Economic Outlook and Integration Progress repo

INSIGHTS In January, Germany's import prices fell by 5.9 per cent YoY, with energy prices dropping 27.7 per cent. Excluding energy, imports were down 2.5 per cent. Consumer goods rose by 0.3 per cent YoY. Export prices decreased by 1.3 per cent, despite a slight monthly increase. Energy exports dropped 22.9 per cent YoY, but consumer goods exports rose 0.6 per cent. In January 2024, Germany reported a notable decrease in import prices, marking a 5.9 per cent reduction compared to January 2023

INSIGHTS China targets a 5 per cent economic growth for 2024, planning to create over 12 million urban jobs and keep urban unemployment around 5.5 per cent. The strategy includes adhering to proactive fiscal and prudent monetary policies, with a deficit-to-GDP ratio set at 3 per cent, increasing the government deficit by 180 billion yuan ($25 billion) from 2023. China has set an economic growth target of approximately 5 per cent for 2024, according to a government work report that was recentl

INSIGHTS Global merchandise trade may modestly grow in early 2024 after underperforming in 2023, as per WTO Goods Trade Barometer. With a current index of 100.6, a slight recovery is expected, though geopolitical tensions pose risks. Q3 2023 saw a 0.4 per cent quarterly and 2.5 per cent yearly trade decrease, contrasting with slight increases in export orders. After a year marked by underperformance, early indicators suggest global merchandise trade might see modest growth in the opening mont

INSIGHTS CIDPEX 2024, the 31st China International Disposable Paper Expo, is scheduled for May 15-17, 2024, in Nanjing, China. It is expected to host over 900 exhibitors and 40,000 visitors. Organised by CNPPRI, it's the largest global event for the tissue and disposable hygiene industry, covering the full industry chain from raw materials to finished products. The 31st edition of the China International Disposable Paper Expo (CIDPEX 2024), the world's premier event showcasing the latest in

INSIGHTS Moody's forecasts G-20 economic growth to slow to 2.4 per cent in 2024, down from 2.9 per cent in 2023, with Argentina contracting. Major central banks, including the Fed and ECB, plan policy normalisation amid declining inflation. Despite geopolitical tensions, global economy shows stabilisation, with strong recoveries in emerging markets. Moody's anticipates a moderation in the Group of Twenty (G-20) economies' growth, projecting expansions of 2.4 per cent in 2024 and 2.6 per cent

INSIGHTS IEA finds global CO2 emissions rose less in 2023 despite higher energy demand, thanks to increased use of clean energy like solar PV, wind, and electric cars. Advanced economies see significant emission reductions and decreased coal demand. However, clean energy deployment remains uneven across regions, posing challenges to widespread adoption. Global energy-related carbon dioxide (CO2) emissions rose less strongly in 2023 than the year before even as total energy demand growth accel

INSIGHTS In January 2024, China saw a 23 per cent year-on-year increase in its international trade, reaching 4.23 trillion yuan (approximately $596.09 billion). The country's exports accounted for 2.02 trillion yuan in January, while the imports stood at 1.6 trillion yuan. This activity resulted in a trade surplus of 413 billion yuan in January 2024. China has experienced a significant boost in its international trade activities for January, with total trade in goods and services reaching 4.2

INSIGHTS The global shipping container fleet has experienced a 1 per cent increase, reaching 51.4 million TEU, with expectations of a 2.3 per cent growth in 2024. This growth is attributed to rising trade and disruptions in crucial maritime routes, including the Red Sea and Panama Canal. These disruptions have led to longer voyage times and inventory challenges. The global shipping industry is poised for growth, with an anticipated increase in the pool of shipping containers due to expanding