World Steel Output Increased in 2017
World crude steel output increased by 5.3% and reached 1,691.2 million tonnes (Mt) for the year 2017, compared to 2016. Crude steel production increased in all regions in 2017 except in the CIS, which has remained stable, according to the World Steel Association (worldsteel). Annual production for Asia was 1,162.5 Mt of crude steel in […]...
Read MoreU.S Trade Deficit was $56.6 billion in January
The US Census Bureau, announced today that the U.S. trade deficit was $56.6 billion in January, up $2.7 billion from $53.9 billion in December. The January increase in the goods and services deficit reflected an increase in the goods deficit of $2.8 billion to $76.5 billion and an increase in the services surplus of $0.1 […]...
Read MoreU.S.-NAFTA freight totaled $93.5 billion
The value of U.S.-NAFTA freight totaled $93.5 billion as all five major transportation modes carried more freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in December 2017 compared to December 2016, according to the TransBorder Freight Data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics. Value […]...
Read MoreQuarterly U.S. Agricultural Export Forecast
Fiscal year 2018 U.S. agricultural exports are projected at $139.5 billion, down $500 million from the November forecast, due to a 6-percent decline in oilseed and product exports that is only partially offset by increases in livestock, cotton, and grain exports. According to the USDA, oilseed exports are forecast down $2.0 billion to $31.1 billion […]...
Read MoreMarket Opportunities for U.S. Exports in China
South China offers a huge and growing market for U.S. agricultural exports. Overall South China imports of agricultural, fishery and forestry products reached a new record in 2017, surpassing $42 billion. TAccording to the USDA, this region imports approximately $8 billion in U.S. agricultural and related products annually, making it one of the largest markets […]...
Read MoreU.S. Trade Deficit Increased to $566 billion in 2017
The US Census Bureau, announced today that the U.S. international trade deficit in goods and services increased to $566.0 billion in 2017 from $504.8 billion in 2016, as imports increased more than exports, the highest level in nine years. In 2017, the U.S imported more foreign-made cars, computers, cell phones and other consumer goods, much […]...
Read MoreU.S. Trade Deficit Rose to $53.1 billion in December
The US Census Bureau, announced today that the U.S. goods and services deficit rose to $53.1 billion in December from $50.4 billion in November, as imports increased more than exports. December exports were $203.4 billion, $3.5 billion more than November exports. December imports were $256.5 billion, $6.2 billion more than November imports. The December increase […]...
Read MoreUSTR Announced 2017 Notorious Markets List
The Office of the United States Trade Representative (USTR) announced the findings of the 2017 Special 301 Out-of-Cycle Review of Notorious Markets, also known as the Notorious Markets List (List). The List highlights 25 online markets and 18 physical markets around the world that are reported to be engaging in and facilitating substantial copyright piracy […]...
Read MorePort of Los Angeles Breaks Another Cargo Record
The Port of Los Angeles moved more cargo in 2017 than in any time in the Port’s 110-year history, racking up 9,343,192 Twenty-Foot Equivalent Units (TEUs), a 5.5 percent increase over 2016’s record-breaking year. It’s the most cargo moved annually by a Western Hemisphere port. Los Angeles Mayor Eric Garcetti said: We are powering Los […]...
Read MoreU.S. Trade Deficit Rose to $50.5 billion in November
The US Census Bureau, announced today that the U.S. trade deficit in goods and services rose to $50.5 billion in November as imports of goods surged to a record high amid strong domestic demand. November exports were $200.2 billion, $4.4 billion more than October exports. November imports were $250.7 billion, $6.0 billion more than October […]...
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