Archive for the ‘International Trade’ Category

International Trade, News, Vietnam

July 29, 2024

Vietnam has achieved a significant trade surplus of $14.08 billion in the first seven months of this year, reflecting strong export performance. During this period, Vietnam’s trade turnover reached nearly $440 billion, with exports totaling $226.98 billion and imports at $212.9 billion, showing year-on-year increases of 15.7% and 18.5%, respectively.   The export growth was […]

Africa, International Trade, News

July 29, 2024

The International Trade Council reports that Ghana’s trade surplus grew significantly in the first half of 2024, driven primarily by a substantial rise in gold export revenue. This increase helped mitigate the effects of a decline in cocoa income.   Ghana’s trade surplus increased by 12.5% from the previous year, reaching $1.8 billion. Total exports […]

International Trade, News

July 29, 2024

The International Trade Council reports that import and export activities, along with customs procedures, have significantly picked up pace at all seaports and land ports in the country. This recovery follows recent disruptions due to quota movements and internet service interruptions.   With the restoration of broadband internet services and improved law and order conditions, […]

Africa, International Trade, News

July 26, 2024

The International Trade Council reports that Nigeria has seen substantial growth in its fuel imports from Malta, totaling $2.25 billion over the past nine years. This significant trade activity highlights the strengthening economic ties and robust trade relations between Nigeria and Malta.   According to Trade Map data, Nigeria’s imports of petroleum oils obtained from […]

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 & […]

International Trade, News, Turkey

July 25, 2024

A significant increase in TÁ ¼rkiye’s spice exports, driven by strong international demand. In the first half of 2024, TÁ ¼rkiye’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 […]

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 […]

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 […]

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 […]

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 […]