Weekly Newsletter

South Korea's exports fall in first 20 days of June

The latest statistics released by the Korea Customs Service (Customs) show that South Korea's exports in the first 20 days of June decreased by 3.4% year-on-year to $31.283 billion, of which petroleum products accounted for 88.3%. The import value increased by 21.1% year-on-year to US$38.925 billion, of which goods imported from China increased, accounting for 23.4%.

Iran lowers import VAT on some basic goods

A few days ago, Iran's Supreme Leader Ali Khamenei approved the value-added of the country's imports of wheat, rice, oilseeds, raw edible oil, beans, sugar, chicken, red meat and tea from the date of entry into force of the VAT law until the end of 1401. The tax rate is reduced to 1%.

Amazon announces Belgium site will go live in September

Recently, Amazon announced the launch of a Belgian site in September, the project name is Project Red Devil, and the platform had previously planned to open a logistics center in Belgium. Consumers who currently have Prime membership on Amazon’s other European sites can continue to enjoy Prime membership on Amazon Belgium.

Rotterdam port congested, empty containers pile up

Recently, the Rotterdam port stated that the yard density in the port has been very high over the past few months due to the no longer punctual schedules of ocean going vessels and the prolonged stay of import containers. The situation has resulted in terminals having to divert empty containers to warehouses in some cases to reduce yard congestion.

DHL announces it will increase package shipping prices from 1^st July

DHL Logistics Group announced that it will increase the price of parcel shipping within Germany from July 1. The price of the small package has increased from 3.79 euros to 3.99 euros. The price of the medium package has also increased from the original 4.50 euros to 4.79 euros.

Shenzhen Xunlaitong specializes in shipping export from Shenzhen to Australia & New Zealand, Germany, Netherlands and more business

www.xunlaitong.com