In the first half of 2023, the Global Economic and Trade Friction Index remained at elevated levels every month, although it was generally lower than the same period in the previous year. The data indicates that competition among major countries remains pronounced, but there is a clear trend of policy adjustments by major nations, with measures becoming more targeted and focused.

Reports indicate that approximately 20 technology companies, including Amazon, Apple, Google, Meta (formerly Facebook), Microsoft, and others, will be subject to the impact of the "Digital Services Act." This includes several social media platforms such as Facebook and X.

In the past week, the export container shipping market has shown signs of improvement, with transportation demand rebounding, driving up freight rates on long-haul routes, particularly those serving Europe and the United States.

In the same period of history, China's foreign trade import and export volume surpassed 20 trillion yuan for the first time, reaching 20.1 trillion yuan, with positive year-on-year growth in both the first quarter and second quarter. Specifically, the volume reached 9.76 trillion yuan in the first quarter and 10.34 trillion yuan in the second quarter.

In terms of quarter-on-quarter comparison, the second quarter's import and export volume increased by 6% compared to the first quarter, with both May and June experiencing a month-on-month growth of 1.2%.

According to the latest data released by the General Administration of Customs, in the first half of 2023, China's import and export volume exceeded 20 trillion yuan, and the total value of goods imports and exports reached 20.1 trillion yuan, reaching a new historical high for the same period. Among them, exports increased by 3.7%.

Vietnam has trade relations with over 150 countries and regions worldwide. In recent years, Vietnam has experienced high-speed growth in foreign trade, playing a significant role in driving economic development. Developing the Vietnamese market is crucial for foreign traders.

The data shows that in April, the value of U.S. goods exports decreased by $9.4 billion to $167.1 billion, influenced by declines in exports of crude oil and fuel oil, pharmaceutical preparations, and jewelry and accessories. However, due to an increase in imports of automobiles and parts, industrial supplies and materials, and consumer goods, the value of goods imports for the same month increased by $5.2 billion to $263.2 billion.

​ According to Turkish data, Turkey's Gross Domestic Product (GDP) grew by 5.6% in 2022, exceeding expectations and rebounding significantly since the second half of last year. The fastest growing sectors were finance and insurance at 21.8%, followed by services at 11.7%, industry at 3.3%, and agriculture at 0.6%. However, the construction sector shrank by 8.4%.

Trade data plays a crucial role in international trade as it helps foreign trade enterprises to develop new customers, maintain existing customers, monitor peers, and analyze the market. In this article, we will explore in detail the impact of customs data on international trade.

According to the data, after seasonal adjustments, the eurozone economy grew 0.1% quarter-on-quarter and 1.9% year-on-year in the fourth quarter of last year; the EU economy was flat quarter-on-quarter and grew 1.8% year-on-year.