Trade Report

January Industrial Trade Report

A cargo ship carrying containers sails on a digital map background, highlighting international trade routes with glowing dots and lines across continents.
A cargo ship carrying containers sails on a digital map background, highlighting international trade routes with glowing dots and lines across continents.

Uncover key insights and strategies to navigate the ongoing trade and cost challenges we face together.

Highlights from the Report:

  • December saw the ISM® Prices Index rise, marking the third consecutive month of price increases for raw materials and 11 out of 12 months in 2024.
  • Rubber futures continued their climb, surpassing 200 US cents per kilogram to reach their highest level since mid-December 2024.
  • Global economic expansion accelerated in December, but manufacturing output contracted for the first time in three months due to weak demand and concerns over potential U.S. tariffs.
  • 8 of the 9 industrial and materials sectors recorded lower output in December. The fastest growth was recorded in transportation.
  • U.S. ports are projected to process 25.6 million TEUs in 2024, up 15.2% from 2023.
  • Global ocean schedule reliability (measuring 60+ carriers) rose to 54.8%, the highest of the year.
  • An agreement was reached between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) avoiding a potential strike at East and Gulf coast ports.
  • Yemen’s Houthi rebels announced they will cease attacks on merchant shipping in the Red Sea. Ocean carriers are monitoring developments but no timeline for resuming regular schedules has been provided.
  • President Trump stated he aims to impose a 25% tariff on Mexico and Canada by February 1st and mentioned that a 10% tariff on China is also being considered.
  • What exact actions the administration will take remains unclear; theoretically tariffs can be imposed immediately, though past procedures have typically allowed up to 90 days’ notice.

Dive into these topics and more by reading the full report linked below.

📄 Report Length: 2,772 words
Estimated Reading Time: 8.5 minutes

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