Focus on logistics events! Will the US-Europe line continue to increase prices in May? my country's foreign trade is stable and improving!

Hi, it’s time to focus on major logistics events every Friday, hot industry trends, Souhang’s real-time attention!

The top 10 pieces of information with the highest attention in international trade and logistics circles this week are organized as follows, and you can grasp the latest international frontier developments in 2 minutes. Come and see:

1. RCEP officially entered into force for the Philippines

After RCEP officially came into effect for the Philippines, in the field of trade in goods, the Philippines added zero-tariff treatment to Chinese automobiles and parts, some plastic products, textiles and clothing, air-conditioning washing machines, etc. on the basis of the China-ASEAN Free Trade Area. After a certain transition period, the tariffs on the above products will be gradually reduced from 3% to 30% to zero.

In addition, in the field of services and investment, the Philippines has promised to open the market to more than 100 service sectors, significantly opening up shipping and air transportation services, and also giving foreign companies more certainty in the fields of commerce, telecommunications, distribution, finance, agriculture and manufacturing. into the commitment. These will provide more free and convenient conditions for Chinese enterprises to expand trade and investment exchanges with the Philippines.

2. China: Import and export in the first quarter increased by 4.8% year-on-year

On April 13, the State Council Information Office announced at a press conference that the total import and export value of my country's goods trade in the first quarter was 9.89 trillion yuan, a year-on-year increase of 4.8%. Among them, exports were 5.65 trillion yuan, a year-on-year increase of 8.4%, and imports were 4.24 trillion yuan, a year-on-year increase of 0.2%. The import and export of foreign trade started steadily and improved month by month.

Among them, in the first quarter, the total export of the "three new" products of electric passenger vehicles, lithium batteries, and solar cells increased by 66.9%, a year-on-year increase of more than 100 billion yuan, which raised the overall growth rate of exports by 2 percentage points.

3. The Philippines: Promote the export of agricultural products such as coconuts and purple potatoes

According to the Federation of Philippine Exporters, agricultural products based on coconuts, purple sweet potatoes, cocoa, bananas and fisheries have great export potential. In particular, high-value products such as coconut water, banana powder, chocolate and virgin coconut oil will promote the deep processing of high-value agricultural products unique to the Philippines while expanding exports, which will help the Philippines solve its trade deficit problem.

4. The United States: container imports return to pre-epidemic levels

U.S. container imports fell nearly 23% year-on-year in the first quarter of this year, tentatively returning to pre-pandemic levels, after consumer demand and inventory concerns drove global business activity over the past two years, new data showed.

5. Brazil: Cancel the import tax exemption for small parcels worth

In order to strengthen the fight against e-commerce tax evasion, the Brazilian government introduced temporary measures to cancel the tax exemption. This measure does not change the tax rate of cross-border imported goods, but requires consignors and consignors to submit complete cargo information on the system so that the Brazilian tax authorities and customs can fully inspect the goods when they are imported, otherwise they will be fined or returned.

6. India will replace China as the most populous country in the world

India's population has increased to 1.41 billion. The United Nations is expected to announce in mid-to-late April this year that India has become the most populous country in the world, which will open a new chapter for the country.

7. Poland and Hungary ban the import of Ukrainian grain

Poland and Hungary announced the latest ban: Ukrainian grain will be banned from entering Poland, and dozens of other types of agricultural products from Ukraine will also be banned. The ban will last until June 30.

According to this list of trade bans, a variety of Ukrainian agricultural products including grain, sugar, beef, pork, poultry, eggs, fruits, vegetables, and dairy products will be blocked from Poland. Prohibited Ukrainian agricultural products cannot not only be imported into Poland, but also cannot transit through Poland.

8. The armed conflict in Sudan continues

On the evening of the 17th local time, the conflict in Khartoum, the capital of Sudan, continued. The Air Force of the Sudanese Armed Forces bombed the military stronghold of the paramilitary Rapid Support Forces in the north of Khartoum. The Rapid Support Forces responded with anti-aircraft artillery. In addition, the two sides are still fighting in the south of Khartoum. Clashes between armed forces broke out in Khartoum, the capital of Sudan, and many other places. Flights at Khartoum International Airport were interrupted.

9. Freight rates for both US and European routes have risen

The US line signed a new annual long-term contract in May and entered the last two weeks. Shipping companies are working hard to push up the freight rate in the spot market. The latest Shanghai Export Containerized Freight Index (SCFI) rose 76.72 points to 1033.65 points, and the index returned to 1,000 points. An increase of 8.02%, rising for three consecutive weeks. Among them, the US-West and US-East routes rose by US6 and US8 in a single week, respectively.

At the same time, the European line is also increasing prices. From May 1st, some shipping companies will start to collect surcharges for overweight and dangerous goods from Asia to Northern Europe.

10. Otomsk Region exported peas to China for the first time

Russia's Novosibirsk and Tomsk State Federal Veterinary and Phytosanitary Supervision Bureau announced that Tomsk State exported peas to China for the first time, with a total volume of about 120,000 tons. The export was carried out by one of the largest grain production enterprises in the state. The enterprise carried out phytosanitary monitoring of pea planting and storage in 2022, successfully passed the certification and entered the list approved by China.

Tomsk Oblast mainly exports oil, timber and rapeseed oil to China.