In today’s rapidly evolving global marketplace, building supply chain resiliency has become a necessity for businesses operating in the world of global trade. Companies are constantly navigating uncertainties, from geopolitical tensions to natural disasters, all of...
June 2024 U.S. Container Imports Fell 2.1% Over May while Gaining 10.4% Over the Same Period Last Year
In June 2024, global trade data tracked by Descartes Datamyne shows that U.S. container imports decreased 2.1% from May but outpaced the same period last year by 10.4%. Imports from China remained flat in June but boasted a 13.8% growth over June 2023. Key...
Global Trade Data: Pending U.S. Tariffs on China Trigger Market Shifts in Chips and Green Energy
As the U.S. doubles down on Section 301 tariffs on Chinese imports, competing industrial policies are already reshaping international trade dynamics – as Descartes Datamyne global import-export data shows. The U.S. Trade Representative (USTR) has invited comments on...
Harmonizing Trade Party Names: The Critical Imperative for Businesses Harnessing Global Trade Data
In the interconnected world of international trade, global trade data serves as the lifeblood that fuels economic decisions, policies, and strategies for all participants. Global trade data provides invaluable insights into market trends, supply chain dynamics,...
April 2024 U.S. Container Imports Grow 3% Over March and 9.3% Over the Same Period Last Year
In April 2024, global trade data tracked by Descartes Datamyne™ shows that U.S. container imports increased 3% from March and outpaced the same period last year by 9.3% compared to the same period last year. Notably, Chinese imports rebounded after their March...
What is Anti-Dumping?
Anti-dumping regulations are a significant concern for importers and exporters engaged in international trade. These measures are imposed by governments to protect domestic industries from unfair competition in the form of goods entering the market below market...
Leveraging Artificial Intelligence for HTS Classification Determination in Global Trade
Recently, artificial Intelligence (AI) has been revolutionizing industries across the globe, and it is starting to make its mark across global trade and supply chain processes. AI was a big focus during this year's International Compliance Professionals Association...
Robust U.S. Container Import Growth Continues in March 2024
In March 2024, global trade data tracked by Datamyne shows that U.S. container imports saw a modest increase of 0.4% from February but surged by 15.7% compared to the same period last year, despite the Chinese Lunar New Year's influence on late March figures. Notably,...
Baltimore Bridge Collapse: Implications for Trade and Logistics
The recent collapse of a critical bridge in Baltimore has sent shockwaves through the transportation and logistics industry, raising trade concerns through one of the East Coast's busiest ports. The implications of this incident extend far beyond the immediate area,...
Global Shipping Data: Despite a February Decline in U.S. Container Imports, Year-over-year Volume Surges
In February 2024, trade data tracked a 6% decline in U.S. import volume from January. Conversely, import volumes surged by 23.3% compared to the same month last year. Despite conflicting figures, a deeper analysis suggests February remained strong, with overall volume...