Energy commodity prices continued to surge in December, rising 3,1%. For the year, prices were up 5,9%.
Global sales for exports of stainless steel by country totaled US$2.6 billion in 2018. Overall, the value of exported stainless steel expanded by an average 38.2% for all exporting countries since 2014 when stainless steel shipments were worth $1.9 billion. Year over year, the value of exported stainless steel rose 20.6% from 2017 to 2018.
Over the period of time we have strived to upgrade technologies in order to make our lifestyle more comfortable. We have introduced automation and robotics in order to reduce the manual labor required in manufacturing and production industries. Mobile robotics is one such application of robotics that develops movable robots around freely in a physical environment.
After falling 3,7% in October, energy commodity prices rebounded 5,3% in November. Prices are up 2,7% this year.
Although hybrid-electric cars are becoming commonplace, similar technology applied to airplanes comes with significantly different challenges. Aerospace engineers are addressing some of them toward the development of a more sustainable alternative to fossil fuels to power airplanes.
Worldwide sales from electronic circuit component exports by country totaled US$715.6 billion in 2018.
Overall, the value of electronic circuit component exports expanded by an average 41.4% for all exporting countries since 2014 when electronic circuit component shipments were valued at $506.2 billion. The year-over-year uptick was 15.1% from 2017 to 2018.
Energy commodity prices reversed in November, falling 3.7%. Prices are off 2.4% this year.