PRCBs are once and future export drivers
Stepping back from the trade tug of war over the U.S. market for polyethylene retail carrier bags, overseas suppliers make a positive contribution to growth in U.S. export sales of the low density polyethylene resins from which PRCBs are made.
PlasticNews reports that LDPEs, along with five other major commodity resins tracked by the American Chemistry Council, showed domestic sales losses in 2009, but posted overall growth thanks to big boosts in sales to export markets.
Downstream, discarded PRCBs have become such an environmental headache that some localities are outlawing them. While the American Chemistry Council reports recycling has reached an all-time high, only about 13% of plastic bags are recycled annually. And yet … the major market for the recycled material is the nascent composite-lumber sector. As composite lumber builds share in home and commercial construction, international demand for scrap plastic has begun to edge up. This new video explores both sides of the recycling issue.
Showing posts with label exports. Show all posts
Showing posts with label exports. Show all posts
Tuesday, March 30, 2010
Thursday, March 18, 2010
Bands of Gold ...
… already tie U.S. & India as they sign trade framework
U.S. Trade Representative Ron Kirk and Indian Minister of Commerce and Industry Anand Sharma signed a “Framework for Cooperation on Trade and Investment” March 17, and followed up by launching the “Integrating U.S. and Indian Small Businesses into the Global Supply Chain” initiative. Both governments have recently implemented policies aimed at getting more small businesses to engage in cross-border trade, the U.S. with the National Export Initiative, and India in the form of 2010-11 budget objectives that extend a subsidy for small and medium exporters. U.S.-India trade has more than doubled in the last five years.
The Datamyne ranks “petroleum oils and oils from bituminous minerals” (HS 270900) as India’s leading import from the U.S. Ranked number 2 and 3 are “gold, nonmonetary, unwrought” (710812) and “gold, nonmonetary, semimanufactured” (710813) — to be expected, given that India is the leading consumer and the U.S. one of the leading sources for gold (although The Datamyne top 5 U.S. exporting districts may surprise).
India is also one of the largest exporters of gold jewelery items in the world. India’s export of gold jewelery products in February 2010 saw a big jump of 37.51% compared to the same period last year, according to provisional figures released by India’s Gem and Jewelery Export Promotion Council (GJEPC). Closing the circle, U.S. is the largest importer of India-made gold jewelery items.
The Datamyne can help you learn more about opportunities to buy and sell in India. Contact us.
U.S. Trade Representative Ron Kirk and Indian Minister of Commerce and Industry Anand Sharma signed a “Framework for Cooperation on Trade and Investment” March 17, and followed up by launching the “Integrating U.S. and Indian Small Businesses into the Global Supply Chain” initiative. Both governments have recently implemented policies aimed at getting more small businesses to engage in cross-border trade, the U.S. with the National Export Initiative, and India in the form of 2010-11 budget objectives that extend a subsidy for small and medium exporters. U.S.-India trade has more than doubled in the last five years.
The Datamyne ranks “petroleum oils and oils from bituminous minerals” (HS 270900) as India’s leading import from the U.S. Ranked number 2 and 3 are “gold, nonmonetary, unwrought” (710812) and “gold, nonmonetary, semimanufactured” (710813) — to be expected, given that India is the leading consumer and the U.S. one of the leading sources for gold (although The Datamyne top 5 U.S. exporting districts may surprise).
India is also one of the largest exporters of gold jewelery items in the world. India’s export of gold jewelery products in February 2010 saw a big jump of 37.51% compared to the same period last year, according to provisional figures released by India’s Gem and Jewelery Export Promotion Council (GJEPC). Closing the circle, U.S. is the largest importer of India-made gold jewelery items.
The Datamyne can help you learn more about opportunities to buy and sell in India. Contact us.
Friday, March 5, 2010
The Day the Earth Got Knocked off Its Axis …
… in other news, trade in wine, fish, fruit is disrupted
The Chilean earthquake may have shifted the Earth’s axis by 3 inches and shortened the length of an earth day by about 1.26 microsecond NASA calculates. It has most certainly caused hundreds of casualties and at least $US30 billion in damages.
Now add to the toll the disruption of Chile’s export sectors.
As the AP reports (here, in the Miami Herald), the tsunami that hit Talcahuano wiped out that port city’s $40-million business in anchovies and sardines. The quake chewed up the nation’s only north-south highway, halting shipment of farm-raised salmon. According to The Datamyne’s trade data, Chilean exports of fish (fresh and frozen) and fish products were valued (FOB) at more than US$1.1 billion in 2009.
The Maule region, most affected by the quake, is the heart of Chile’s wine growing region. Chile’s biggest winemaker, Concha y Toro, said Monday that it would be halting production for at least a week.
All told, Chile exported approximately US$50 billion in 2009, with the U.S., its second-biggest market, buying US$5.6 billion worth of goods and commodities.
Not all the news is bad: Chile’s copper mining and refining operations, concentrated well north of the quake epicenter, were relatively unscathed. Key ports of departure for Chile’s top export, Antofagasta and Mejillones, were back in operation within hours.
The Datamyne Chilean database provides comprehensive information about the nation’s import-export trade — including bill of lading details about transactions. The Datamyne’s data assets can also be used to locate alternate sources of supply in the Americas, Asia and Europe. To learn more, click here.
The Chilean earthquake may have shifted the Earth’s axis by 3 inches and shortened the length of an earth day by about 1.26 microsecond NASA calculates. It has most certainly caused hundreds of casualties and at least $US30 billion in damages.
Now add to the toll the disruption of Chile’s export sectors.
As the AP reports (here, in the Miami Herald), the tsunami that hit Talcahuano wiped out that port city’s $40-million business in anchovies and sardines. The quake chewed up the nation’s only north-south highway, halting shipment of farm-raised salmon. According to The Datamyne’s trade data, Chilean exports of fish (fresh and frozen) and fish products were valued (FOB) at more than US$1.1 billion in 2009.
The Maule region, most affected by the quake, is the heart of Chile’s wine growing region. Chile’s biggest winemaker, Concha y Toro, said Monday that it would be halting production for at least a week.
All told, Chile exported approximately US$50 billion in 2009, with the U.S., its second-biggest market, buying US$5.6 billion worth of goods and commodities.
Not all the news is bad: Chile’s copper mining and refining operations, concentrated well north of the quake epicenter, were relatively unscathed. Key ports of departure for Chile’s top export, Antofagasta and Mejillones, were back in operation within hours.
The Datamyne Chilean database provides comprehensive information about the nation’s import-export trade — including bill of lading details about transactions. The Datamyne’s data assets can also be used to locate alternate sources of supply in the Americas, Asia and Europe. To learn more, click here.
Monday, March 1, 2010
Low Expectations
U.S. consumers are pessimistic; confidence is back in Asia, Brazil
The Conference Board Consumer Confidence Index (released Feb. 23, based on a survey of 5,000 U.S. households through Feb. 17) now stands at 46.0 (1985=100), down from a relatively optimistic 56.5 in January. The closely watched indicator, based on a monthly survey by TNS, echoes other measures of the American consumer’s readiness and/or willingness to spend. The Reuters/University of Michigan Surveys of Consumers on Feb. 12 reported its preliminary index of consumer sentiment for February was 73.7, down from 74.4 in late January (but up from 56.3 a year ago).
Is the pessimism universal? The latest Nielsen Global Consumer Confidence Index shows the consumers of Latin America (at 98 on a scale of 0 to 200) and Asia/Pacific (at 91) well ahead of their counterparts in North America (84) and Europe (77) when it comes to confidence, with the biggest gains in the markets recovering fastest from recession — including Hong Kong, China, Singapore, India, and Brazil. [Note: The Datamyne covers China, India and Brazil.]
But post-holiday second-thoughts about what lies ahead can dampen spirits in even the strongest markets. The Getulio Vargas Foundation (Fundação Getulio Vargas), which saw a boost in its Brazilian Consumer Confidence Index in January to 113, now reports [in Portuguese] slippage of 2.2 point in February. The current 110 is still well above the historical average of 107.
The Conference Board Consumer Confidence Index (released Feb. 23, based on a survey of 5,000 U.S. households through Feb. 17) now stands at 46.0 (1985=100), down from a relatively optimistic 56.5 in January. The closely watched indicator, based on a monthly survey by TNS, echoes other measures of the American consumer’s readiness and/or willingness to spend. The Reuters/University of Michigan Surveys of Consumers on Feb. 12 reported its preliminary index of consumer sentiment for February was 73.7, down from 74.4 in late January (but up from 56.3 a year ago).
Is the pessimism universal? The latest Nielsen Global Consumer Confidence Index shows the consumers of Latin America (at 98 on a scale of 0 to 200) and Asia/Pacific (at 91) well ahead of their counterparts in North America (84) and Europe (77) when it comes to confidence, with the biggest gains in the markets recovering fastest from recession — including Hong Kong, China, Singapore, India, and Brazil. [Note: The Datamyne covers China, India and Brazil.]
But post-holiday second-thoughts about what lies ahead can dampen spirits in even the strongest markets. The Getulio Vargas Foundation (Fundação Getulio Vargas), which saw a boost in its Brazilian Consumer Confidence Index in January to 113, now reports [in Portuguese] slippage of 2.2 point in February. The current 110 is still well above the historical average of 107.
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