Japan had moved into trade deficit in 2021 that continued to widen since then.In 2022,manufacturing economies such as South Korea,Vietnam,and Germany have also fallen into trade deficits.Meanwhile,commodity exporters ...Japan had moved into trade deficit in 2021 that continued to widen since then.In 2022,manufacturing economies such as South Korea,Vietnam,and Germany have also fallen into trade deficits.Meanwhile,commodity exporters have shown a substantial expansion in trade surplus.Explicitly,the superficial reasons are commodity prices and exchange rates,but the underlying reason is the supply chain layout.In such a changing situation,a supply chain with imports or exports highly dependenton theexternalmarket is extremely unstable.展开更多
文摘Japan had moved into trade deficit in 2021 that continued to widen since then.In 2022,manufacturing economies such as South Korea,Vietnam,and Germany have also fallen into trade deficits.Meanwhile,commodity exporters have shown a substantial expansion in trade surplus.Explicitly,the superficial reasons are commodity prices and exchange rates,but the underlying reason is the supply chain layout.In such a changing situation,a supply chain with imports or exports highly dependenton theexternalmarket is extremely unstable.
