Import and Export News-2024-07-24- Waymore Tools

Today's news:

1. Data released by the Korea Customs Service on the 22nd showed that South Korea's exports in the first 20 days of July increased by 18.8% year-on-year to US$37.17 billion; imports increased by 14.2% year-on-year to US$37.2 billion.

2. According to Reuters, Saudi Arabia's Ministry of Industry and Mineral Resources said on the 21st that the country's Minister of Industry and Mineral Resources will visit Brazil and Chile in the next two weeks.

3. Cebu Air issued a statement on the 22nd saying that it is in exploratory talks with Ayala Properties regarding the latter's boutique airline, AirSWIFT, confirming the Philippine Star's report on a potential acquisition. Cebu Air said it has not reached any definitive agreement with Ayala Properties.

4. According to Bloomberg on the 22nd, Boeing Chief Operating Officer Stephanie Pope said the company expects to increase production of 737 jetliners in the second half of this year. Pope mentioned that the company is promoting "transformational changes" based on feedback from customers, regulators, and employees.

5. According to Reuters, Luca de Meo, CEO of Renault Group and president of the European Automobile Manufacturers Association, recently published a comment in the business daily Les Echos, expressing his views on the timetable for Europe's electric vehicle transformation. De Meo pointed out that although the popularity of electric vehicles is crucial to reducing global carbon emissions, flexibility should be added to the specific implementation timetable to meet the challenges facing the current market.

6. Daron Acemoglu, a professor at MIT, stated that in the next decade, only a quarter of artificial intelligence-related tasks can be automated cost-effectively. Even if artificial intelligence makes major breakthroughs, its impact will take several years to manifest. This means that in the next 10 years, artificial intelligence will affect less than 5% of all tasks, increase US productivity by only 0.5%, and contribute merely 0.9% to cumulative GDP growth.

7. IDC expects the annual data output scale of global enterprises to show explosive growth from 2023 to 2028. By 2028, the data scale will reach 317.1ZB, with a five-year compound growth rate of 30.2%. By 2028, the data warehouse software market will reach $2.36 billion, with a five-year compound annual growth rate of 20.2%.

8. Yole projects that revenue from wafer fabrication equipment (WFE) will grow by 1.3% year-on-year to $108.1 billion in 2024. Service and support revenue is expected to grow by 6% to $23.5 billion. In the long term, WFE revenue is expected to grow at a compound annual growth rate of 4.3% from 2024 to 2029, reaching $133.7 billion by 2029, while service and support revenue will reach $27.6 billion, with a compound annual growth rate of 3.3%.

9. TrendForce forecasts that the annual revenue growth rate of the DRAM and NAND Flash industries will increase by 75% and 77% respectively in 2024. In 2025, industry revenue will continue to grow, with DRAM increasing by about 51% and NAND Flash by 29%. Revenue will hit a record high, driving a recovery in capital expenditures and increasing demand for upstream raw materials, thereby raising cost pressure on memory buyers.

Support Links

If you find the project helpful, please consider buying me a coffee:

Today’s exchange rate:

Today's Insights: Be Bolder, Try, Express, and Pursue

Be bold to step out of your comfort zone

If you stay in your comfort zone for too long, it will become a hotbed that nourishes laziness. We may gain temporary comfort, but at the cost of sapping our fighting spirit. Be bolder, step out of your comfort zone, learn new ways of thinking, and you will find that there are new solutions to problems that you couldn't figure out before. When you muster up the courage to try and start learning a new skill, you will find that life has a different look.

No need to make excuses, and don't be afraid of failure. Try and explore. When you bravely jump out of your comfort zone to embrace new changes, more beautiful scenery in life will continuously emerge in front of you.

Be bold to express what you think

Sometimes, it is not easy to clearly express your thoughts. If you are originally a very shy and unconfident person, this will become even more difficult. Maybe you are afraid that you will say the wrong thing, or you may worry that others will deny you. However, when you choose not to express yourself actively and try hard to act as if you don't care, the grievances and frustrations in your heart will often snowball and grow bigger and bigger. Not only do you lose the opportunity to actively strive for it, but you are also prone to mental exhaustion.

In fact, there is no shame in saying "I can do it", "I want to try" or "I miss you so much". You are truly beautiful if you actively strive for it and express it bravely. Facing the real you and learning to express it honestly will make your heart stronger and your life easier and more enjoyable.

Pursue your dreams boldly

We always think that if we fail to do what we want to do, it will be a regret in life. In fact, the real regret in life is not failure, but never trying to do it. Having dreams and pursuing them is a precious thing. Don't neglect this dream-chasing heart easily, don't use "too late" to excuse yourself, and don't give up easily because of "impossible".

It's never too late to start on the road of life. No matter what age you are, today will be the youngest day of your life, so if you have a dream, pursue it boldly. Don't be afraid of things, only then can you succeed. Dare to venture, dare to try, dare to think and dare to do, so that life can have fewer regrets and more brilliance. May you hold your head high and stride forward to become a better version of yourself.