Archive for the ‘News’ Category

Malaysia’s trade performance continues to impress, with exports rising 4.1% year-on-year in November to 126.57 billion ringgit ($28.31 billion). This marks the second consecutive month of export growth, reflecting the country’s resilience and strategic positioning in global trade.   Key industries, particularly manufactured and agricultural goods, have been instrumental in driving this success. Exports of […]

The National Economic and Development Authority Board has approved the implementation of the free trade agreement between the Philippines and Korea, marking a significant milestone in enhancing economic collaboration and trade relations. This agreement aims to reduce market barriers, foster investment opportunities, and provide expanded access to goods and services between the two countries.   […]

Azerbaijan, Global Trade, News

December 18, 2024

A new database focusing on trade in critical minerals has been launched by the Asian Development Bank and the World Trade Organization Secretariat, marking a significant milestone in global trade and sustainability efforts. This collaborative initiative is set to enhance transparency, promote trade efficiency, and support the clean energy transition by providing comprehensive insights into […]

Agricultural Exports, Brazil, News

December 17, 2024

Brazil is making strides in global trade with the expansion of its fresh grape exports to China, supported by innovative and eco-friendly packaging solutions. This development follows the signing of a phytosanitary protocol in November, opening doors for Brazilian table grapes to reach new international markets.   The introduction of the DaColheita packaging solution has […]

Singapore’s export sector demonstrated impressive resilience in November, with non-oil domestic exports (NODX) increasing by 3.4% year-on-year, exceeding expectations and marking a strong recovery from October’s 4.7% decline.   The growth, fueled by a robust rise in electronics shipments, underscores Singapore’s critical role in global trade and its ability to adapt to evolving market demands. […]

The U.S. shrimp market continues to show positive signs of resilience, with a steady flow of imports from top global exporters. In October 2024, the U.S. imported 164.3 million pounds (74,544 metric tons) of shrimp, slightly down from the previous year’s 168 million pounds (76,187 metric tons). Year-to-date figures indicate a 4.4% decrease compared to […]

Africa, International Trade, News

December 17, 2024

Efforts to boost trade and connectivity with African nations are gaining momentum, focusing on fostering mutually beneficial agreements and enhancing infrastructure links across the region. Recent discussions among key economic leaders have emphasized the importance of balanced trade agreements and regional collaboration to support economic growth.   New trade initiatives aim to create equitable agreements […]

Europe, International Relations, News

December 17, 2024

The eurozone and European Union have showcased resilience and adaptability in their international trade activities, with October 2024 figures highlighting growth and stability despite global economic adjustments.   In the eurozone, exports of goods to the rest of the world climbed to €254 billion in October 2024, representing a 2.1% increase from the same period […]

Cambodia’s garment, footwear, and travel goods exports have surged impressively in the first eleven months of 2024, reflecting the country’s growing importance in global trade. Export revenues from these sectors rose by over 25%, reaching $12.51 billion, which accounts for more than half of the nation’s total export earnings. This significant growth underscores Cambodia’s position […]

In a positive step for international trade, Japanese strawberries are set to return to the Philippine market following the successful lifting of an export ban. This decision, achieved through collaborative efforts between Japan and the Philippines, highlights the strengthening trade partnership between the two nations.   The Ministry of Agriculture, Forestry, and Fisheries (MAFF) of […]

News, United Kingdom

December 16, 2024

The United Kingdom has set a new record in renewable energy production, with wind power generation surpassing 22 gigawatts on Sunday. This remarkable achievement not only met the country’s energy needs but also led to the highest level of electricity exports to France in over a year, showcasing the UK’s growing role in the European […]

Agricultural Exports, Japan, News

December 16, 2024

Japan’s sweet potato exports have experienced remarkable growth, showcasing the country’s innovative approach to agriculture and its commitment to meeting international market demands. In 2023, export volumes reached 6,200 tons, marking a tenfold increase in shipment value over the past decade. This surge underscores Japan’s focus on quality and adaptability in global trade.   Agricultural […]

Agricultural Exports, News, Philippines

December 16, 2024

In an exciting step for Philippine trade, the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) have forged a partnership to unlock the global potential of the country’s agricultural exports.   A Memorandum of Agreement (MoA) between the two departments outlines a shared commitment to boosting export sales of key commodities […]

Agricultural Exports, China, News

December 15, 2024

China’s fruit export industry continues to flourish, showcasing substantial growth and reinforcing the country’s role as a major player in global agricultural trade. The consistent demand from international markets, particularly across Southeast Asia, reflects the growing importance of cross-border trade in supporting regional economies.   Southeast Asian markets remain key destinations for Chinese fruits, with […]

International Trade, News, Vietnam

December 13, 2024

Global merchandise trade saw continued growth in the third quarter of 2024, with volumes rising by 1.1% from the previous quarter and 3.3% year-on-year, marking the fourth consecutive quarter of positive expansion. This growth demonstrates the resilience of global trade, even amid uncertainties. In dollar terms, the value of merchandise trade increased by 4.3% year-on-year, […]

Vietnam’s meat import sector is experiencing significant growth, with projected spending reaching US$1.7 billion in 2024. The country’s meat and meat by-products imports surged by 14.2% year-on-year, amounting to nearly US$1.6 billion in the first 11 months of the year, according to the General Department of Customs.   This positive trend reflects Vietnam’s increasing demand […]