INSIGHTS The China-to Mexico ocean trade has seen record-breaking demand, with growth up by 18.9 per cent YoY in the first nine months this year, Xeneta said. This volume growth reached an all-time high in June. Such demand growth hit freight rates. On July 1, 2024, just as demand reached its peak, average spot rates from China to Mexico West Coast hit $7,770 per FEU—a YoY rise of almost 200 per cent. The China-to Mexico ocean trade has seen record-breaking demand, with growth up by 18.

INSIGHTS In January to October 2024, China's air cargo volumes surged 19.3 per cent from 2019, reaching 7.3 million tonnes, driven by a 48.5 per cent rise in international freight (2.93 million tonnes), as per CAAC. Average daily cargo flights hit 752, with international flights up 100.4 per cent YoY. CAAC aims to optimise traffic rights, routes, and cost efficiency in logistics. China's air cargo volumes have increased 19.3 per cent between January and October of this year, compared to the s

Last year, the EU partially withdrewCambodia from the EBA(Everything But Arms Act), due to which Cambodia's garment and footwear industry started facing import duties in the EU. As a spiralling effect, Cambodia started diverting its garment exports to the US and other countries and imports to EU declined significantly. A report. Cambodia's apparel exports significantly dropped by 36.56 per cent in 2020 to $112.45 million from $177.27 million in 2019 toEAEU(Eurasian Economic Union). The sudden d

INSIGHTS The LYCRA Company is displaying its bio-derived LYCRA EcoMade fibre at ISPO, Dec 3-5, 2024 showcasing its sustainable elastane with 70 per cent renewable content. Winning two ISPO Textrends Awards, the fibre powers LIVE!'s award-winning activewear. Launching in 2025, it requires no re-engineering. Presentations at ISPO highlight partnerships driving sustainable innovation. The LYCRA Company, a global leader in developing innovative and sustainable fiber and technology solutions for

INSIGHTS The manufacturing sector in China saw faster expansion in November this year, official data show. The purchasing managers' index (PMI) for the sector was 50.3 in November—up from 50.1 in October. The manufacturing PMI has now rebounded for three consecutive months. The moderate acceleration in expansion of manufacturing reflects improvements in both order demand and supply dynamics. The manufacturing sector in China saw faster expansion in November this year, data from the Nati

INSIGHTS Euro area annual inflation is expected to rise 2.3 per cent in November 2024 from 2.0 per cent in October, driven by services (3.9 per cent) and non-energy industrial goods (0.7 per cent), while energy inflation is expected to improve to -1.9 per cent. Inflation varied across regions, with Belgium estimated at 5.0 per cent, Germany at 2.4 per cent, and Baltic states to witness mixed rates. The annual inflation of Euro area is expected to be 2.3 per cent in November 2024, up from 2.0

INSIGHTS Morgan Stanley has projected global economic growth at 3 per cent in 2025 and at 2.9 per cent in 2026, softening modestly as uncertainty rises and US tariff and immigration policies start to slow activity. Inflation continues to normalise globally, but progress may slow and vary. Europe's growth may be reaching around 1 per cent, but global trade disruptions could be a drag, it noted. Morgan Stanley recently projected that the global economy will grow at 3 per cent in 2025 and at 2.9

INSIGHTS Gas crisis and political instability in Bangladesh, highlighted by Sheikh Hasina's resignation, have severely disrupted the country's RMG industry. The crisis may shift supply chains, favouring competitors like India, Vietnam and Sri Lanka. Bangladesh's future depends on political stability, energy infrastructure improvements, and diversification efforts. The gas crisis, along with the political turmoil in Bangladesh, including the stepping down of Prime Minister Sheikh Hasina, has c

INSIGHTS Import volumes at major US container ports are projected to be higher than previously expected as retailers prepare for a potential East Coast/Gulf Coast port strike and tariff increases under President-elect Donald Trump. A brief October strike highlighted ongoing labour disputes, with formal negotiations set to resume. Concerns over tariffs are pushing retailers to expedite shipments. Import volumes at the nation’s major container ports could be higher than previously expecte

INSIGHTS Euro area goods exports in September were worth $251.83 billion—a YoY rise of 0.6 per cent, while the zone's imports were worth $238.6 billion—a fall of 0.6 per cent YoY, according to the first estimates released recently by Eurostat. Goods exports from the EU in September were worth $225.14 billion—up by 0.8 per cent YoY, while imports stood at $215 billion—down by 0.3 per cent YoY. Euro area goods exports in September this year were worth €237.8 billion