epsilon capital management private clients economic review
China surpassed the U.S.... More > to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.
U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion.
China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill.
“For so many countries around the world, China is becoming rapidly the most important bilateral trade partner,” O’Neill.< Less
March 23, 2013: Malaysian palm oil futures on Bursa Malaysia... More > Derivatives exchange ended higher on Friday, the highest in a month on Friday on hopes of export demand paring record stocks. Despite weak market sentiment on the back of concerns about a possible debt default by Cyprus that could hit the euro zone’s fragile recovery and crimp edible oil demand, prices rallied higher. Data this week lifted expectations of market participants that exports of palm oil will climb and help ease the 2.44-million-tonne stock build up in Malaysia, the world's No.2 producer of the edible oil. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd said that March 1-20 shipments showed a monthly gain of 11 per cent and 14 per cent, respectively. China’s February palm oil imports rose 10.5 per cent on year to 423,831 tonnes, the General Administration of Customs said Thursday...< Less