Panjiva Research

Great British Bounce Can’t Stop EU or Global Export Decline in February

April 19, 2019

Exports from the European Union fell for a fourth straight month in February with a 2.4% decline in dollar terms. That came despite a rise in British exports which was largely down to a pre-Brexit rush. When added to a 10.4% slump in exports from Asia that meant global exports declined by 5.0%... Read more →

Panjiva Daily: Bouncing beans and Tesla tariffs; Daimler and VW’s tough USMCA choices

April 19, 2019

U.S. exports to China fell less than its imports in February, indicating the U.S. was “winning” the trade war – most of the U.S. gains were down to soybeans and Tesla’s electric cars. The ITC review of USMCA raises tough questions for Daimler and VW’s supply chain... Read more →

USMCA Watch: Daimler, VW Face Tough Choices as ITC Report Flags Autos Upheaval

April 19, 2019

The U.S. International Trade Commission’s 379 page report on the economic effects of USMCA has concluded there will be a small positive impact on trade within the region. The deal nonetheless faces significant political hurdles in all three countries. In terms of trade in goods thereR... Read more →

Saudi Weapons Order Shortage Has Yet To Cut Deliveries

April 19, 2019

President Donald Trump has vetoed a bill to withdraw U.S. military support to Saudi Arabia in the Yemen conflict. That’s come as U.S. export orders for weapons and military aircraft have slowed, reaching $35.8 billion in the past 12 months to Apr. 18 from $76.8 billion the same period 12 month... Read more →

Canal Competition Continues as Panama Relaxes Restrictions

April 18, 2019

The Panama Canal Authority has authorized a further widening of the beam of vessels that can cross the Canal as it seeks to improve its competitive position versus the Suez Canal. The latter has seen a strong start to 2019 with a 9.6% year over year rise in the number of vessels using the Cana... Read more →

Shipbuilding’s Still Sinking at Start of 2019

April 18, 2019

The global shipbuilding industry has had a weak start to 2019. New vessel orders in China have slumped 70.4% year over year in 1Q. Meanwhile the remaining orderbook at Chinese yards fell to its lowest since Nov. 2017 at the end of March. The three largest export markets – China, Japan an... Read more →

Bouncing Beans and Tesla Help U.S. Win the February Trade Battle

April 18, 2019

Trade negotiations between the U.S. and China are set to continue on Apr. 29. Those could lead to conclusions being reached by late May for signing by President Xi Jinping and President Donald Trump in early June. The Trump administration’s tariff-driven leverage was successful in reduci... Read more →

Panjiva Daily: Deere pays the price for retaliation; Caterpillar gets an exemption

April 18, 2019

The EU is deciding how to retaliate against U.S. subsidies for its aerospace industry as relations between the two worsen – the capital goods and commodities sectors will pay the price. The latest round of Chinese tariff exemptions may help Caterpillar. Also: Trump’s trade deficit ... Read more →

Panalpina Growth Parked Ahead of DSV Scale Push

April 18, 2019

Panalpina reported 5.0% year over year revenue growth in 1Q 2019, marking the slowest expansion by the freight forwarder since 1Q 2017. That’s largely been down to a 3.0% drop in ocean freight volumes due to a weak macroeconomic situation, according to CEO Stefan Karlen. The firm may have trie... Read more →

USMCA Watch: Tangible Gains May Be Beaten by Tariff Politics

April 18, 2019

The U.S. ITC is scheduled to report on Apr. 19 as to the economic benefits of the U.S.-Mexico-Canada Agreement versus existing trade arrangements. The IMF has previously identified a net benefit from the new deal, but with reduced trade in some sectors. The analysis comes as trilateral trade b... Read more →