https://gnosly.com/feed/imports/Business Intelligence Console and Prediction Algorithms3901https://www.linkedin.com/in/jason-miller-32110325/Jason Miller<p>Jason Miller's thoughts on this: </p><p>• September 2026 saw imports of these goods reach $86.9 billion, which was up 16.2% from August's $74.8 billion. Year-over-year, imports are up 151% (they were $34.6 billion last year).</p><p>• Compared to 2023, which was the year when large language models started to become popular, imports are up 457%. That number isn't a typo.</p><p>• For anyone wondering, adjusting for price changes—notoriously hard with hi-tech products—using the import price index for this category of goods doesn't change the narrative conveyed by the nominal data. </p><p><strong>Implication</strong>: Import data showed AI capex continued unabated through Q3. I continue to wonder just how much more room for growth we have for AI capex, and I believe 2027 will be the year when growth rates slow dramatically.</p>https://lnkd.in/p/dv25HzhK0.00202026-11-05T13:09:59.841687+00:001linkedin.comimportsuscapexeconomy3826https://media.licdn.com/dms/image/v2/D4E22AQGRTuQ3pxI_pA/feedshare-shrink_480/B4EaGnQNfEHMAg-/0/1793807407415?e=1795651200&v=beta&t=1bTJDcGsCaPNcX-JJGbp-8HpYIGGKbCto_q697cLgawView image2026-11-05T13:10:01.529933+00:001373@DryBulkETFBreakWaveSignal Ocean:“Central range for #China's full-year seaborne thermal #coal imports is 270–290 Mt, implying September–December arrivals averaging 21–26 Mt/month — broadly in line with the recent pace.”https://x.com/DryBulkETF/status/21022956350851646330.00502026-09-22T09:43:28.272038+00:002x.comchinacoalimports1205https://pbs.twimg.com/media/HSzavHeXUAAfe9N?format=jpg&name=smallImage2026-09-22T09:43:28.608917+00:001236https://www.linkedin.com/company/the-kobeissi-letter/The Kobeissi LetterBREAKING: US imports of crude oil from Venezuela surged +183,000 barrels per day last week, to 782,000 barrels per day, the largest weekly total since August 2017.Over the last 6 months, imports from Venezuela have surged +550,000 barrels per day, or +237%.As a result, US imports of crude oil from Venezuela have averaged +626,000 barrels per day over the last 3 months, the largest 3-month average in 9 years.To put this into perspective, imports were as high as 1.5 million barrels per day in 1997 and consistently averaged above 1 million barrels per day between 1995 and 2007.The US is rapidly ramping up its consumption of Venezuelan oil.https://www.linkedin.com/feed/0.00602026-09-20T13:45:57.830844+00:001linkedin.comvenezuelaoilimports1083https://media.licdn.com/dms/image/v2/D4E22AQHZjZMrTn5SDA/feedshare-shrink_800/B4EaC92dP8J8Ac-/0/1789891564766?e=1791417600&v=beta&t=9ymFX5RzGXNpllr0nBdHDtl38AciEZ6a2Lfh73LPiZIView image2026-09-20T13:45:59.186602+00:00625https://www.linkedin.com/company/the-kobeissi-letter/The Kobeissi LetterChina is attempting to refill its oil reserves.Chinese crude imports rose +2.2 million tons in August, to 37.9 million tons, marking their 2nd consecutive monthly increase.This brings the 2-month increase to ~9.0 million tons, or a ~33% recovery from the total drop between January and July this year.The increase in crude supply has also allowed China to ramp up fuel exports, with overseas sales of gasoline and diesel surging +29% last month.However, China's crude imports were down -23% year-over-year and -32% below this year's peak.Meanwhile, China’s massive oil inventories are estimated at more than 1.2 billion barrels, giving the country ample flexibility to reduce purchases as prices rise.China's massive oil stockpile is growing again.https://www.linkedin.com/feed/0.00602026-09-13T13:11:03.832679+00:001linkedin.comchinaimportsoil551https://media.licdn.com/dms/image/v2/D4D22AQF6ZkDrg_-GuA/feedshare-shrink_800/B4DaCXSAMNK0Ac-/0/1789244474361?e=1790812800&v=beta&t=6jQTC6sfI3qu26Sc30TwsCdK1zt5YMPxjPVWkAvpN6UView image2026-09-13T13:11:05.111159+00:00