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The International Trade Council Team

Archive for the ‘News’ Category

China, International Trade, News

July 18, 2024

Guangdong province has reported notable growth in imports of electromechanical and energy products during the first half of 2024, highlighting a strong economic rebound and increased domestic demand. Recent data shows that the province’s imports of mechanical and electrical products rose by 23.6 percent year-on-year, making up 64.2 percent of the total import value for […]

Singapore’s non-oil domestic exports for June showed resilience despite challenges, with a reported 8.7% year-on-year decline, slightly exceeding expectations. The drop, driven by non-electronic products, contrasts with a revised 0.7% contraction in May but indicates robust recovery potential.   Economist Chua Hak Bin from Maybank noted Singapore’s capacity constraints and global supply chain disruptions, including […]

Indonesia continued its streak of trade surpluses last month, showcasing resilience even as oil imports saw an increase, affecting the surplus marginally. Amalia Adininggar Widyasanti, interim head of Statistics Indonesia (BPS), reported on Monday that June marked the 50th consecutive month of trade surplus. Exports totaled US$20.84 billion, surpassing imports at US$18.45 billion, resulting in […]

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos Londoño, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry. Founded […]

Colombia, Global Trade, News

July 17, 2024

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos Londoño, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry.   […]

China, International Trade, News

July 17, 2024

The volume of Hong Kong’s exports rose by 9.8 percent in May compared to the previous year, with the total value of exports increasing by 4.5 percent, according to the Census and Statistics Department.   Export volumes to Vietnam, the US, and mainland China climbed by 31.2 percent, 21.3 percent, and 15.8 percent respectively year-on-year. […]

India, Industrial Technology, News

July 17, 2024

The Precision Engineering and Machine Tool Technology Show 2024 (PRECITECH) is scheduled to take place in India, offering a comprehensive platform for showcasing advancements in smart manufacturing and related technologies. The event will cover a wide range of areas within precision manufacturing, ancillary industries, and emerging technologies shaping the future of the sector.   Scheduled […]

Agricultural Trade, News

July 16, 2024

Azerbaijan has seen a significant rise in tomato exports, reaching 86,067 tons in the first five months of 2024. This marks a substantial increase in both volume and value compared to previous years.   In addition to robust export figures, Azerbaijan’s imports of tomatoes from Turkmenistan surged to 548 tons in the initial months of […]

China, the world’s largest producer and consumer of pears, is increasingly eyeing the European market for its exports. Although pears are a staple in the Chinese diet and culture, only 2-3 percent of Chinese-grown pears are currently exported.   Chinese pear exporters emphasize value for money, making export volumes sensitive to domestic price fluctuations. When […]

International Trade, Kenya, News

July 15, 2024

Exports through Mombasa Port have witnessed a notable 85% increase this year, driven by efforts among regional countries to achieve better trade balance and reduce dependence on imports.   The announcement was made at Mombasa Port’s container terminal berth 22, where officials highlighted the substantial growth in export volumes. This surge reflects the collective efforts […]