News

India’s November Vegetable Oil Imports Signal Growth in Trade Activity

December 12, 2024

Jessica Jumaway

India’s vegetable oil imports reached an impressive four-month high in November, totaling 1.59 million tonnes. This represents a 12.4% increase—an additional 175,691 tonnes—from October, signaling a robust rebound in trade activity within the edible oil sector.   The data, released by the Solvent Extractors Association of India (SEA), points to a surge in demand for […]

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European Union Wine Exports Show Strong Growth in 2024

December 11, 2024

Jessica Jumaway

New data from Eurostat reveals impressive growth in European wine exports during 2024. For the first nine months of the year (January to September), wine exports from major European countries, including Austria, France, Germany, Greece, Hungary, Italy, Portugal, and Spain, have experienced significant growth compared to the same period in 2023. This positive trend reflects […]

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U.S. Tariff Adjustments to Boost Domestic Clean Energy Industry and Trade Opportunities

December 11, 2024

Jessica Jumaway

The U.S. government has introduced increased tariffs on solar wafers, polysilicon, and tungsten products, aiming to empower its clean energy sector and strengthen its global competitiveness. This move underscores a commitment to fostering innovation and enhancing the resilience of domestic supply chains while supporting a growing clean energy economy.   By adjusting tariffs, the U.S. […]

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Morocco’s Avocado Boom Drives Global Trade

December 11, 2024

Jessica Jumaway

Morocco’s avocado industry is thriving, with strong export performance and increasing global demand. The country has already shipped 30,000 tonnes of avocados since the start of the season, representing a significant portion of the estimated 90,000-tonne total.   The European market has been particularly receptive to Moroccan avocados, particularly the popular Hass variety. While initial […]

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US Grain and Oilseed Exports Drive Global Trade

December 11, 2024

Jessica Jumaway

The United States is experiencing a surge in grain and oilseed exports, particularly for corn and soybean oil. The US Department of Agriculture (USDA) recently revised its export forecasts upwards, signaling strong global demand for American agricultural products.   The impressive performance of US soybean oil exports is driven by a combination of factors, including […]

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Philippines Strengthens Global Trade with Agri-Fisheries Drive

December 11, 2024

Jessica Jumaway

The Philippines is taking significant strides to enhance its global trade position, with a particular focus on the agriculture and fisheries sector. The Department of Trade and Industry (DTI) and the Department of Agriculture (DA) have joined forces to implement strategic initiatives that will boost exports and strengthen the country’s economic standing.   By streamlining […]

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Brazil’s Pork Industry Sees Robust Export Growth

December 11, 2024

Jessica Jumaway

Brazil’s pork industry continues to thrive, with November marking a significant milestone. The country exported a record-breaking 121.1 thousand tons of pork, a 15.1% increase compared to the same period last year.   This surge in exports has also translated to substantial revenue growth. The industry generated US$291.7 million in November, a 29.5% increase year-over-year. […]

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India’s E-Commerce Exports Set to Reach $80 Billion by 2030

December 10, 2024

Jessica Jumaway

India is set to make significant strides in global trade with a new plan to enable $80 billion in cumulative e-commerce exports by 2030, marking a fourfold increase from its previous export target. This ambitious goal underscores the growing demand for ‘Made in India’ products and highlights the nation’s expanding role in international commerce.   […]

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Indonesia Leads Global Thermal Coal Trade as Exports Hit Record Highs in 2024

December 10, 2024

Jessica Jumaway

The global trade of thermal coal has reached remarkable new heights in 2024, showcasing the adaptability and resilience of energy markets in meeting diverse global demands. Despite rapid growth in renewable energy capacity, coal remains a crucial energy resource, driven by increasing consumption across key regions and the need for reliable power during seasonal peaks. […]

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Turkmenistan and Uzbekistan Strengthen Energy Trade

December 10, 2024

Jessica Jumaway

Turkmenistan and Uzbekistan are taking significant steps to enhance their energy trade relationship. The two nations have recently reached an agreement to increase Turkmen natural gas exports to Uzbekistan, further solidifying their energy partnership.   This strategic move will not only benefit both countries but also contribute to regional energy security. By expanding gas trade, […]

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Taiwan’s Robust Trade Growth in November Highlights Strength in Global Markets

December 9, 2024

Jessica Jumaway

Taiwan’s export performance in November demonstrated the resilience and innovation of its trade-driven economy, with exports climbing 9.7% year-on-year to $41.09 billion, surpassing market expectations. This marks the 13th consecutive month of growth, underscoring Taiwan’s pivotal role in global trade.   Key contributors to this success included the flourishing artificial intelligence (AI) sector and a […]

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Global Trade Drives Food Security and Nutrition Progress, Highlights WTO Symposium

December 9, 2024

Jessica Jumaway

Global trade continues to play a transformative role in enhancing food security and promoting better nutrition worldwide, emphasized Deputy Director-General Jean-Marie Paugam at the WTO’s Annual Agriculture Symposium on December 9. Speaking on behalf of Director-General Ngozi Okonjo-Iweala, DDG Paugam highlighted how international trade fosters innovation, diversity, and resilience in food systems, driving positive global […]

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Philippines Secures $5 Billion Investment Pledges from German and US Companies in Trade Boost

December 6, 2024

Daisy

In a significant development for international trade, the Philippines has garnered approximately $5 billion in investment pledges from German and American companies this week. These commitments, spanning diverse sectors such as healthcare and energy, signal a substantial step forward for the country as it vies for foreign capital in the global market.   During President […]

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China’s Foreign Minister’s Visit to Australia Signals Potential Trade Developments

December 6, 2024

Daisy

In a notable development for international trade relations, China’s Foreign Minister Wang Yi is slated to visit Australia next week, as confirmed by Prime Minister Anthony Albanese. This visit holds significance as it hints at potential advancements in trade relations between the two countries, which have experienced strained ties in recent years.   During a […]

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EU and Mercosur Forge Historic Free Trade Agreement

December 6, 2024

Jessica Jumaway

The European Union and Mercosur, South America’s leading trade bloc, have reached a monumental free trade agreement, marking a new chapter in global economic collaboration. After over 20 years of negotiations, this milestone is set to expand market access, enhance trade ties, and stimulate economic growth for more than 700 million people across the two […]

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Cambodia Achieves $1.79 Billion in Rice Exports, Strengthening Trade and Global Market Presence

December 6, 2024

Jessica Jumaway

Cambodia is making impressive strides in global trade, with a record $1.79 billion earned from paddy and milled rice exports in the first eleven months of 2024. According to a report from the Cambodia Rice Federation, the Kingdom exported 575,562 tonnes of milled rice to 67 countries, contributing significantly to its trade growth. Although there […]

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