Trade data based on bills of lading shows 2023 U.S. imports declined at most of the busiest U.S. ports of entry. After the sharp fall and rise of U.S. imports during and after the pandemic, the flow of 2023 U.S. inbound shipments settled into a...
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...
Global Trade Data: Decoding Automotive Trends, Supply Chain Dynamics, and Climate Change Impacts
Download the free January 2023 report on U.S. tire imports that accompanies this article. Download the Sample Report Descartes Datamyne trade data gauges the impacts of the post-pandemic recovery, supply chain disruptions, trade policies, and climate change...
How to Find Suppliers: Harness Global Trade Data for Sourcing, Assessments, and Supplier Investigation
Introduction In the global market place, any successful business is consistently thinking about how to find suppliers. However, identifying trustworthy suppliers who adhere to ethical practices can be challenging. To make informed decisions, businesses can...