Archive for the ‘Countries’ Category

China, International Trade, News

July 12, 2024

China’s export growth reached its highest pace in fifteen months this June, indicating that manufacturers are accelerating orders in anticipation of potential tariffs from a growing list of trade partners. However, imports saw an unexpected decline due to weak domestic demand. This mixed trade data underscores the need for further government intervention as China’s $18.6 […]

Commerce and Industry Minister Piyush Goyal emphasized on Wednesday that Indian exporters uphold stringent quality standards, addressing recent concerns over a few consignments of spices as “very very” minuscule and not indicative of broader issues.   Goyal highlighted that the isolated incidents affecting certain spice shipments were minimal compared to India’s robust USD 56 billion […]

Africa, International Trade, News

July 10, 2024

Nigeria has maintained its position as the fourth-largest contributor to intra-Africa trade in 2023, according to the Africa Trade Report 2024. The report indicates a slight decline in Nigeria’s intra-Africa trade volume, totaling $8 billion compared to $8.2 billion the previous year. Despite this decrease, Nigeria continues to account for a significant share of 4.2% […]

Indonesia, News

July 10, 2024

Indonesia’s Trade Ministry, under the leadership of Minister Zulkifli Hasan, has teamed up with the Indonesian Chamber of Commerce and Industry (Kadin) to launch a collaborative task force aimed at resolving discrepancies in import data. This joint effort comes in response to concerns over discrepancies between data reported by Statistics Indonesia (BPS) and exporting countries. […]

International Trade, News, Vietnam

July 10, 2024

Vietnam’s state budget received a substantial uplift from export-import activities, amounting to 200.46 trillion VND (8.35 billion USD) in the first half of 2024, reflecting an 8.4% increase from the previous year. This achievement, highlighted by the General Department of Vietnam Customs (GDVC) on July 9, underscores the nation’s strong trade performance amid a dynamic […]

A recent report by economist Graeme Crosbie, commissioned by a national financial institution, highlights a significant trend in Canada’s food consumption patterns. Over the past two decades, Canada has increasingly relied on imported food, reducing its reliance on domestically produced goods.   At the turn of the century, Canadian-produced food accounted for 80% of total […]

News, Trade and Export, Vietnam

July 9, 2024

Vietnam’s southeastern region, comprising Dong Nai and Binh Duong provinces, key gateways to Ho Chi Minh City, continues to drive the nation’s economic growth with impressive export performance in the first five months of this year. According to official data, Binh Duong province achieved nearly $13.8 billion in exports, marking a 13% increase compared to […]

China, International Trade, News

July 9, 2024

Despite a decade of generous preferential trade benefits, China has not emerged as a significant export destination for Bangladesh. In contrast, India and Japan have proven to be valuable export markets for Bangladeshi goods over the years.   According to data from the Export Promotion Bureau (EPB), Bangladesh’s exports to Japan reached $1.69 billion in […]

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

Bangladesh’s Food Minister, Sadhan Chandra Majumder, announced that the country will focus on exporting rice instead of importing it in the future.   “In the past two years, our government has refrained from importing rice, and this year, there is no necessity for rice imports,” he stated during the inauguration of the Agriculture Technology Fair-2024 […]

Indonesia’s Minister of Trade, Zulkifli Hasan (Zulhas), has clarified that the upcoming increase in anti-dumping import duties will not solely target products from China but will extend to imports from all countries.   Addressing the press during his visit to the Rendang Asese Center in Padang, West Sumatra, on Sunday, July 7, 2024, Zulhas emphasized […]