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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 […]

July 22, 2024

Daisy

China, International Trade, News

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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 […]

Vietnam’s clam and oyster exports to China have experienced an extraordinary surge, reaching a total value exceeding US$2.7 million in the first five months of this year. This marks a staggering 119-fold increase from the same period last year.   Data from Chinese customs, as reported by the Agency of Foreign Trade under Vietnam’s Ministry […]

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 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 […]

July 19, 2024

Daisy

International Trade, News

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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 […]

July 18, 2024

Daisy

Egypt, News, Trade and Export

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  Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

July 18, 2024

Daisy

International Trade, Japan, News

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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, […]

July 18, 2024

Daisy

China, International Trade, News

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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 […]