Us, European And Australian Trade Has Entered A Pause. Is The Global Supply Chain Coming To An End?

According to the data released recently by the General Administration of customs, China's exports decreased by 11.4% compared with the previous quarter, while imports dropped by 0.7%, and the trade surplus of 98 billion 330 million yuan was reduced by 80.6%.

China's imports and exports rebounded in the month of March. In March this year, China's foreign trade import and export amount of 2 trillion and 450 billion yuan (the same as RMB) decreased by 0.8% compared with the same period last year, the decline narrowed by 8.7 percentage points compared with 1-2 months. Exports declined by 3.5%, while the decline narrowed by 13.5%, while imports rose from negative to positive, with an increase of 2.4%.

It is worth noting that in the first quarter of this year, China's import and export of ASEAN and the "one belt and one way" country had gone against the trend. In particular, ASEAN overtook the European Union in the first quarter and became China's largest trading partner.

In the first quarter, China's imports and exports to ASEAN grew by 6.1%, accounting for 15.1% of China's total foreign trade. China and ASEAN have achieved substantial growth in the import and export of integrated circuits, boosting the overall growth of China ASEAN trade by 3.3 percentage points. Among them, imports grew by 25.8%, accounting for 23.4% of total imports from ASEAN, and exports grew by 28%, accounting for 7.9% of ASEAN's total exports. However, affected by the epidemic, China's imports and exports to trade partners such as the European Union and the United States have declined. Among them, China's imports and exports dropped by 10.4%, 18.3% against the US import and export, and 8.1% against Japan's imports and exports.

The import and export volume of major ports in the United States dropped sharply in March.

Affected by the epidemic, the US ports in March were being hit hard, and the import and export volume of containers dropped seriously. The throughput of Losangeles, Long Beach, Oakland, Houston and Charleston, including the East and the west, declined in March. The throughput of ports in Seattle, Tacoma, Losangeles, Long Beach, Oakland, Houston, Jacksonville and Charleston all declined in March.

US west coast port

The throughput of container port Losangeles port in March dropped by 30.9% compared with the same period last year. The port handled 449568 standard boxes in March this year, the lowest monthly freight volume that has been passed through the port since February 2009. Imports in March dropped by 25.9% from a year ago to 220255 TEUs. Exports dropped by 23.8% to 121146 TEUs. The number of empty containers dropped by 44.5% to 108168 TEUs. The same is true of Long Beach port.

Gulf coast port

Houston port, the largest container port along the Gulf coast of Mexico, slowed down in late March due to the outbreak of container business. In March, Houston handled 248280 TEUs, down 11% from the 280721 standard boxes in March 2019. However, the first quarter increased by 11%. From January to March, the port handled 773087 standard boxes, compared with 694167 TEUs in the same period last year.

Europe's multinational ports are facing paralysis, port cargo is piling up, Australian retailers are closing a lot, and the problem of container cargo explosion in Melbourne port is still serious. Maersk CEO said, "although the overall market situation will weaken in the first quarter of this year, there will be a big rebound in 4 and May", but the rebound expected by the industry has not arrived since April.

And the outbreak of the outbreak of the world, as a global shipping logistics "life community" port, freight forwarding, trailers and declarations and other related enterprises, like the ship company in the whirlpool, live, will become the only hope.