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Archive for the ‘International Trade’ Category

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 […]

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 […]

Pakistan’s Exports to China Surge as Country Wraps Up Successful Fiscal Year

China, International Trade, News, Pakistan

July 19, 2024

Exports from Pakistan to China surged to $150.3 million in June, ending the fiscal year 2023-24 with a total export volume of $2.56 billion, according to recent data. In June alone, Pakistan’s overall global exports amounted to $2.529 billion, marking a 7.34% increase from $2.356 billion recorded in the same month of the previous year. […]

Malaysia Requests India to Maintain Export Channels for Essential Commodities

International Trade, Malaysia, News

July 19, 2024

Malaysia has formally requested India to maintain export channels for crucial commodities such as rice, sugar, and onions, even amidst broader export restrictions. This request was articulated by Malaysia’s Minister for Plantation and Commodities on Thursday. “Malaysia depends heavily on imports for certain essential goods. Our domestic rice production meets only 65% of our […]

Xinjiang’s Foreign Trade Soars with Record First Half Growth

International Trade, News

July 19, 2024

The Xinjiang Uygur Autonomous Region in Northwest China has achieved remarkable growth in its foreign trade sector, surpassing the 200 billion yuan mark two months earlier than last year. The region saw a year-on-year growth of 48.4 percent in its trade volume during the first half of this year. From January to June, Xinjiang’s […]

Guangxi’s Trade Sector Flourishes in First Half of the Year

International Trade, News

July 19, 2024

Amid global economic uncertainties, the Guangxi Zhuang Autonomous Region has shown remarkable resilience and growth in its foreign trade sector. Recent customs data revealed that Guangxi’s total imports and exports surged to 345.28 billion yuan ($47.57 billion) in the first half of the year, reflecting a significant 12 percent increase compared to the same […]

Japan Faces Trade Growth Challenges Amid Global Economic Landscape

International Trade, Japan, News

July 18, 2024

Recent trade statistics from Japan indicate slower-than-expected growth in both exports and imports during June, reflecting ongoing economic complexities both at home and abroad. In June, Japanese exports rose by 5.4% year-on-year, below the forecasted 6.4% growth and a deceleration from the 13.5% increase seen in the previous month. Similarly, imports grew by 3.2% year-on-year, […]

Cambodia’s Dry Rubber Exports Surge to $213.3 Million in First Half of 2024

Cambodia, International Trade, News

July 18, 2024

Cambodia’s dry rubber exports generated a robust $213.3 million in revenue during the first half of 2024, marking an 8.6% increase from $196.3 million during the same period last year, according to a recent report. The country exported 140,653 tonnes of dry rubber from January to June this year, reflecting a modest 1% rise from […]

Malaysia’s Trade Rises 8.7% in June 2024 to Reach RM237.8 Billion

International Trade, Malaysia, News

July 18, 2024

Malaysia witnessed robust trade growth in June 2024, driven by a strengthening global economy. The total trade value increased by 8.7% year-on-year, climbing from RM218.8 billion to RM237.8 billion. This growth was primarily fueled by a significant rise in imports, which surged by 17.8% to RM111.8 billion, while exports saw a modest increase of 1.7%, […]

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