Prices of industrial commodities continued to strengthen in the third quarter (q/q), while most agricultural prices remained broadly stable. In the oil market, inventories continue to fall amid strong demand, OPEC production restraint, and stabilizing U.S. shale oil production.
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Global sales from auto parts exports by country amounted to US$360.6 billion in 2016. Overall, the value of auto parts exports were up by an average 3.8% for all exporting countries since 2012 when auto parts shipments were valued at $347.3 billion. Year over year, the value of global automotive parts exports appreciated by 2.4% from 2015 to 2016.
Physicists have made a breakthrough in revising methods largely discarded 15 years ago. They have discovered a microscopic mechanism that will allow gallium nitride semiconductors to be used in electronic devices that distribute large amounts of electric power.
Energy commodity prices rose 5,4 % in September, while non-energy prices rose 1,5 percent.
The ability to charge cellphones in seconds is one step closer after researchers at the University of Waterloo used nanotechnology to significantly improve energy-storage devices known as supercapacitors.
Global car exports by country were valued at US$698.2 billion for 2016. Cars represent the world’s number one export product, surpassing crude petroleum revenues handicapped by lower oil prices.
Energy commodity prices rose 4,4 % in August, while non-energy prices rose 1,3 percent.