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Archive for the ‘News’ Category

Azerbaijan’s Tomato Exports Surge in Early 2024

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 […]

Uttar Pradesh to Export 40 Tons of Mangoes to Japan and Malaysia

International Trade, Japan, Malaysia, News

July 16, 2024

Uttar Pradesh is poised to export 40 tons of mangoes to Japan and Malaysia. This announcement was made during the inauguration of the UP Mango Festival 2024 at Awadh Shilp Gram. In a significant milestone for the region, Uttar Pradesh will also export Dussehri mangoes to the United States for the first time in […]

Chinese Pear Exporters Set Sights on European Market

Agricultural Exports, China, Europe, News

July 16, 2024

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 […]

USDA Reports Increase in Corn and Wheat Export Inspections

Agricultural Trade, News, United States

July 16, 2024

U.S. Department of Agriculture (USDA) announced a significant increase in export inspections for corn, sorghum, and wheat for the week ending July 11th. These inspections are currently exceeding the pace required to meet the USDA’s projections for the current marketing year. The marketing year for wheat began on June 1st, 2024, while the marketing year […]

Mombasa Port Reports Significant Surge in Export Activity

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 […]

India’s Automobile Exports Surge by 15.5% in April-June Quarter

Automotive Industry, India, News

July 15, 2024

India’s automobile exports experienced a notable 15.5% growth in the April-June quarter of the current fiscal year compared to the same period last year, according to data compiled by a leading industry association. The total exports of vehicles reached 1,192,577 units, up from 1,032,449 units in the corresponding quarter last year. Exports of passenger […]

Vietnamese Wheat Flour Products Approved for Export to Taiwan

International Trade, News, Vietnam

July 15, 2024

Vietnamese wheat flour products have successfully passed stringent examinations for export to Taiwan (China), marking a significant milestone for Vietnamese enterprises. After a comprehensive evaluation lasting over 17 months, the Taiwan Food and Drug Administration (TFDA) has concluded its inspection process, giving the green light for Vietnamese wheat flour products to enter the Taiwanese […]

China’s June Exports Surpass Projections Despite Declining Imports

China, International Trade, News

July 15, 2024

Recent Chinese customs data revealed that in June, exports exceeded expectations, growing by 8.6% year-on-year to USD 307.8 billion. This figure surpassed earlier estimates ranging from 7.4% to 8%. Meanwhile, imports during the same period saw a decline of 2.3% year-on-year, amounting to USD 208.8 billion. The trade surplus for China widened to USD 99 […]

Global LNG Trade Sees Strong Growth in 2023, Spotlights Export and Import Developments

Energy / Natural Gas, News

July 15, 2024

The global liquefied natural gas (LNG) trade experienced significant expansion in 2023, with daily trade volumes averaging 52.9 billion cubic feet (Bcf/d), reflecting a 3.1% increase from the previous year, as reported by a prominent industry group. This growth was propelled by enhanced export and import capacities alongside rising global natural gas demand. The […]

8th Bangladesh International Printing, Packaging & Signage Expo 2024 Announced

Bangladesh, News, Trade Events/Expos

July 15, 2024

The 8th Bangladesh International Printing, Packaging & Signage Expo 2024 is set to take place from October 24 to 26, 2024, at the International Convention City Bashundhara (ICCB) in Dhaka, Bangladesh. Organized by Redcarpet Global in collaboration with the Bangladesh Garment Manufacturers & Exporters Association (BGMEA), the expo promises to be a pivotal event for […]

8th BIGTEX 2024 – Bangladesh International Garment & Textile Machinery Expo Set to Kick Off

Bangladesh, Industry Events, News

July 15, 2024

The 8th Bangladesh International Garment & Textile Machinery Expo (BIGTEX) 2024 is scheduled to take place from October 24 to 26, 2024, at the International Convention City Bashundhara (ICCB) in Dhaka, Bangladesh. Organized by Redcarpet Global in association with the Bangladesh Garment Manufacturers & Exporters Association (BGMEA), the event promises to be a significant gathering […]

Vietnam Targets $3.5 Billion in Durian Exports for 2024

Agricultural Trade, News, Vietnam

July 12, 2024

Vietnam is setting ambitious goals for its fruit and vegetable export sector, with a particular focus on durian. According to the Vietnam Fruit and Vegetable Association, the nation aims to achieve $3.5 billion in export turnover from durian in 2024, marking a 55% increase from the previous year. In June 2024 alone, fruit and vegetable […]

Georgia Boosts Blueberry Exports to EU and UK

Europe, International Trade, News, United Kingdom

July 12, 2024

Georgia’s Ministry of Economy announced on Tuesday its plans to export 500 tonnes of blueberries to the European Union and the United Kingdom as part of a strategic initiative aimed at expanding international market opportunities for local producers. According to Agenda.ge, a significant portion of the blueberry shipment has already been sent to these key […]

China’s Trade Shows Resilience with 2.9% Growth, Reaching USD2.98 Trillion in First Half

China, Economic Development, News

July 12, 2024

China’s trade sector demonstrated robust growth, expanding by 2.9% to USD2.98 trillion in US dollar terms during the first half of the year, according to the latest data from the General Administration of Customs. Imports into China grew by 2% to USD1.27 trillion, while exports increased by 3.6% to USD1.71 trillion, resulting in a […]

India Sees Strong Growth in Car Exports, Stable Domestic Sales in Q1

Automotive Industry, India, News

July 12, 2024

India’s car exports showed robust growth in the first quarter of 2023-24, totaling 180,483 units, marking an 18.6% increase compared to the previous year. This surge was driven by strong demand in key international markets, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Meanwhile, domestic car sales remained steady at […]

China’s Trade Surplus Reaches Record High Amidst Economic Uncertainty

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 […]

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