A comprehensive view of the world’s import and export merchandise based on global trade data reports.
The global impact and production of metal manufacturing commodities including automotive, medical, pump, toy, and sporting goods industries.
If you’re in the manufacturing industry, you’re fully aware of the many supply chain uncertainties over the last 18 months. We know that the pandemic is not over yet—we’re still feeling its impact—with product shortages and price increases. But we’re all working together toward a new normal. As a professional, you understand the need to stay abreast of the state of the manufacturing industry—import/export trends by country, new manufacturing methods, and opportunities to utilize new materials.“Wherever there is change, and wherever there is uncertainty, there is opportunity!”— Mark Cuban. Below is an analysis of trade statistics from the U.S. Customs database* records of Inbound Ocean Cargo from 2021 and 2020 compiled and analyzed by our team. You may notice some unexpected and intriguing trends that may be of value to your business. A picture is worth 1000 words. please check out the charts we’ve provided in an easy-to-understand graphical representation of these trends.How Are Import/Export Trends Changing for 2021? Let’s compare the first half of 2021 to the same period a year ago. Please take a look at the graphs below as we analyze the data in several ways:
Import and Export Trends By Product Description
From below image indicates an increase in all categories shown here — except for masks. Automotive, the overall leader, delivered a whopping 52% increase in 2021H1 as compared to 2020H1. The most significant increase belongs to sporting (cloth, equipment) with 63%. At least for now, we see a substantial decline in the demand for masks with -73% (stay tuned as the pandemic saga continues).
Import and Export Trends By Material
From below data image shows that imports are increasing for all materials displayed. The most significant material, steel, showed a 37% increase. Aluminum had a 56% increase in the total number of shipments, the highest percentage overall.
The pandemic has been felt for almost two years, and all industries are still feeling its effects. The manufacturing workforce is tenacious, adaptable, and resilient. While the epidemic’s consequences may linger for years to come, global trade appears to be recovering, albeit at a slower rate of development.
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