U.S. sparkling wine imports continue to rise, data from Descartes Datamyne reveals. Champagne still provides a year-end holiday lift, but Spain’s cava and – especially – Italy’s prosecco are boosting volumes all year round. The bubbly is not just for New Year’s Eve...
This year’s crop of ready-to-cut firs, pines and spruce has fallen short of holiday season demand. Early trade data indicates Christmas tree imports – fresh and artificial – are rising to fill the gap. Nearly 95 million U.S. households will deck the halls with a...
ITC determination in AD/CVD investigation finds PET resin imports dumped on U.S. market materially injured domestic producers, paves the way for new tariffs. Meanwhile, build-out of PET production for export stalls. The U.S. International Trade Commission (ITC) has...
As investors bet on the future of gasoline fueled automobiles, palladium trade is on the rise, and with it the price of this precious metal. The price of palladium has surged 39% so far this year, making it the leading contender for the title of best performing...
Brazilian beef exports have paid a price for Operation Weak Flesh, the Brazilian government investigation into alleged bribery of food-sanitation inspectors. [See Brazilian Meat Exports Skewered.] The investigation culminated in March with charges against 21 meat...
New Zealand has a clear shot at its target of $2 billion in wine exports by 2020, reports the New Zealand Winegrowers industry association, with New Zealand wine gaining U.S. market share, surpassing $500 million for the first time in April. Last year, New Zealand...
Electric vehicle market watchers can get a sharper view of cross-border commerce in hybrids and all-electric cars, thanks to new Harmonized Tariff System (HTS) codes introduced in January. [See Change and Continuity: New Tariff Codes Debut.] Previously swept under the...
Mattel and Hasbro have always been rivals in the US toy market. But the Mattel vs Hasbro rivalry was across the toy store aisle, with Mattel ruling the girls’ side of the aisle, under the leadership of its star Barbie, while Hasbro worked the boys’ side with games,...
US apparel imports posted a 1.77% gain in April over March, but were down -4.94% compared with the same month a year ago, our data shows. Hard to call April’s positive result the start of a rebound: As Sourcing Journal reports, weak demand and muted growth remain the...
The Latin American economy’s recession could deepen if China’s economy slows much more, says the International Monetary Fund in a new report that marks down already gloomy forecasts for the region. Brazil, Latin America’s biggest economy, is a drag on the entire...
