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Malaysia’s June Trade Data Reports 1.3% Growth, Driven by Mineral Fuels

International Trade, News, Southeast Asia

July 26, 2024

The International Trade Council has released Malaysia’s trade figures for June, showing a 1.3% increase in overall trade activity. This growth is primarily attributed to a rise in the export unit value index, which increased by 0.6% from the previous month. Key contributors to this increase include mineral fuels (+2.4%), food (+1.2%), and machinery & […]

Major Land Port Reopens for Export-Import Activities

Bangladesh, India, News, Trade and Commerce

July 26, 2024

The International Trade Council reports that export and import activities at the largest land port in Bangladesh have resumed following a temporary suspension caused by a government-imposed curfew and internet service suspension. The port, essential for trade between Bangladesh and India, had experienced a complete halt in operations due to the disruption of its […]

Vietnamese Pepper Set to Reclaim Billion-Dollar Export Status

International Trade, News, Vietnam

July 25, 2024

A significant increase in Türkiye’s spice exports, driven by strong international demand. In the first half of 2024, Türkiye’s spice exports soared by 27%, climbing from $89 million to $113 million. The industry is targeting a substantial $250 million in exports by year-end. Known for their ability to enhance flavor and reduce salt usage, […]

Türkiye’s Spice Exports See Major Growth Amid Rising Global Demand

International Trade, News, Turkey

July 25, 2024

A significant increase in Türkiye’s spice exports, driven by strong international demand. In the first half of 2024, Türkiye’s spice exports soared by 27%, climbing from $89 million to $113 million. The industry is targeting a substantial $250 million in exports by year-end. Known for their ability to enhance flavor and reduce salt usage, […]

Australia-Japan Grape Export Negotiations Achieve Success

Australia, International Trade, Japan, News

July 25, 2024

The International Trade Council has announced a major advancement for Australia’s table grape industry following the successful conclusion of negotiations with Japan. The Australian government has revealed that restrictions on grape varieties have been lifted, significantly enhancing export opportunities. As of last week, Australian producers can now export over 130 varieties of table grapes […]

Vietnam Set to Boost Agricultural Exports to China

China, International Trade, News, Vietnam

July 25, 2024

The International Trade Council has highlighted Vietnam’s significant strides in increasing its agricultural exports to China. In the first half of 2024, the total export turnover of agro-forestry-fishery products reached $29.2 billion, marking a 19% increase compared to the same period in 2023, according to the Ministry of Agriculture and Rural Development. China accounted […]

Shanghai Gears Up for Record Turnout at World’s Largest Import Trade Fair

International Trade, News

July 25, 2024

The International Trade Council is closely monitoring preparations for the upcoming China International Import Expo (CIIE), set to be held in Shanghai from November 5 to 10. This year, the event is expected to draw thousands of exhibitors and guests from over 50 countries and international organizations. Known for its significant deal-making potential, the CIIE […]

Thailand’s Tapioca Sector Adapts to New Market Dynamics

Agricultural Trade, News, Thailand

July 23, 2024

The adaptive strategies being employed by Thailand’s tapioca export sector in response to evolving market conditions. With a shift in China’s demand patterns, Thailand is innovating to maintain its strong position in the global tapioca market. China, traditionally a major importer of Thai tapioca, is transitioning to using coal for ethanol production in a […]

Regional Expansion Strategy to Boost Malaysian Sugar Exports

Agricultural Development, News, Southeast Asia

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes. This advanced facility […]

Enhancing Agricultural Export Potential Through Production and Funding Reforms

Economic Development, News

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes. This advanced facility will […]

New Agricultural Processing and Storage Facility to Boost India’s Export Potential

Agricultural Development and Trade, India, News

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes. This advanced facility […]

Xizang’s Foreign Trade Sees Remarkable Growth in First Half of 2024

International Trade, News

July 23, 2024

Significant growth in foreign trade has been reported for southwest China’s Xizang Autonomous Region in the first half of 2024. The region’s import and export value surged by an impressive 132.4 percent year-on-year, reaching over 3.8 billion yuan (approximately $522.7 million), according to data from local customs. Xizang’s export value rose by 122.9 percent […]

Vietnam’s Imports from Taiwan Surge, Electronics Lead Growth

International Trade, News, Vietnam

July 22, 2024

Vietnam has achieved a significant increase in imports from Taiwan, with computers, electronic products, and components topping the list. In the first half of 2024, these imports reached USD 6 billion, marking a 27 percent rise compared to the same period last year. Data from the General Department of Customs reveals that trade between […]

Beijing Achieves Record High in Foreign Trade Driven by Emerging Industries

China, International Trade, News

July 22, 2024

Beijing has reached a record high in foreign trade for the first half of 2024, with total trade figures soaring to 1.83 trillion yuan (about USD 256.61 billion), as reported by the Beijing Municipal Customs Administration. This marks a notable 3.6 percent increase in import and export activity compared to the same period last year, […]

Penang Leads Malaysia’s Export Growth

International Trade, News, Southeast Asia

July 22, 2024

Penang continues to lead Malaysia’s export sector, achieving RM177.99 billion in exports from January to May this year. This marks a 3.9 percent increase compared to the same period last year, according to Penang’s Chief Minister. Penang’s export performance solidifies its position as Malaysia’s top exporter, contributing 30.5 percent of the nation’s total exports […]

Air Routes Boost Trade Imports and Exports in China’s Mountainous Province

China, International Trade, News

July 22, 2024

The recent launch of a new cargo route connecting Guiyang and Moscow has marked a significant milestone for southwest China’s Guizhou Province. This expansion increases the number of international cargo routes linked to the province to four, enhancing trade efficiency and convenience. Guizhou, characterized by its mountainous terrain, faces challenges with road and rail […]

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