Foreign Trade Information | The growth rate of global retail e-commerce is expected to reach 17%; the number of first-time jobless claims in the United States has surged!

NO.1. Guangdong's foreign trade exports increased by 4.8% in the first five months

According to the Guangdong Branch of the General Administration of Customs, from January to May this year, Guangdong's foreign trade import and export was 3.19 trillion yuan, a slight decrease of 0.7% year-on-year. Among them, exports were 2.13 trillion yuan, an increase of 4.8%; imports were 1.06 trillion yuan, a decrease of 10.2%.

Among them, from January to May, the import and export of private enterprises in Guangdong was 1.93 trillion yuan, an increase of 6.7%, accounting for 60.5% of Guangdong's total import and export value, an increase of 4.2 percentage points over the same period last year.

During the same period, the import and export of foreign-invested enterprises was 1.08 trillion yuan, accounting for 33.8%; the import and export of state-owned enterprises was 178.09 billion yuan, accounting for 5.6%.

NO.2. The number of Americans applying for unemployment benefits for the first time surged

The number of Americans filing new claims for unemployment benefits last week rose to the highest level since October 2021, suggesting that news of increasing layoffs may start to translate into reality.

According to a CBS report on the 8th, the number of applications for unemployment benefits in the United States surged to 261,000 last week, reaching a 21-month high since October 2021. This shows that many companies have implemented large-scale layoff plans.

NO.3. The growth rate of global retail e-commerce this year is expected to reach 17%

According to the news on June 11, the vice president of Amazon China said at the 7th Global Cross-border E-commerce Summit in 2023 that from a trend point of view, 2023 is an important node for global retail e-commerce from shock to stabilization. The speed is expected to return to the level before the epidemic, reaching about 17%.

In the next five years, the compound annual growth rate of global retail e-commerce is expected to remain above double digits. Among them, Latin America, the Middle East, Asia, Eastern Europe and other regions will lead the world in growth rate; while the development of e-commerce in emerging markets such as Brazil, the Middle East, Turkey, India, and Mexico will be more eye-catching, which deserves special attention.

NO.4, Norway's core inflation rate unexpectedly hit a new high in May

According to the core inflation index tracked by the Norges Bank, it rose by 6.7% year-on-year in May, which was higher than market expectations and much higher than the 6% estimated by the Norges Bank. Headline inflation was also higher than expected.

"Given the magnitude of the surprise, markets now appear to be fully pricing in a third 25bp hike in September. The risk of a 50bp hike in June has risen," said Danske Bank's head of FX research. , but we still think the bar for Norges Bank to resume raising rates by 50 basis points is high given more stable inflation expectations.”

NO.5, Amazon Japan station provides discounted rates for transportation services

Recently, the Amazon Japan station announced that from June 10, 2023 to December 31, 2023, Yamato Transport’s courier service, Nekopos and Ta-Q-Bin’s shipping services will provide sellers with discounted rates.

According to the official introduction, the Marketplace Delivery Service (hereinafter referred to as the "Service") is a shipping service that allows sellers to use the delivery company's delivery service at a special price when shipping orders from their company.

In this service, from June 10, 2023 to December 31, 2023, the Amazon Japan station will carry out new discount promotions, and Yamato Transport’s courier service and Nekopos can be used at special prices. In the new discount promotion, in addition to Yamato Transport's Nekopos, it is now also possible to use TA-Q-BIN at a special price. In addition, the discount rate of Nekopos has been unified in Japan (excluding Okinawa).