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December 2024
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Stay Updated with the Latest News from the International Trade Council and Our Members

South Korea’s Manufacturing Expansion Reinforces Global Trade Strength

February 2, 2025

Jessica Jumaway

South Korea’s manufacturing sector started the year on a strong note, with factory activity expanding in January due to robust international demand. This signals a recovery in production and highlights the country’s crucial role in global trade.   According to S&P Global’s latest Purchasing Managers’ Index (PMI) report, South Korea’s PMI rose to 50.3 in […]

US Resumes Mexican Beef Imports, Strengthening Bilateral Trade Relations

February 1, 2025

Jessica Jumaway

The United States has officially agreed to lift the temporary suspension on Mexican beef imports, marking a positive development in bilateral trade between the two nations. Mexican Agriculture Minister Julio Berdegué shared the exciting news on social media, announcing that the U.S. Department of Agriculture (USDA) had signed memorandums allowing the resumption of beef imports. […]

Chilean Blueberry Exports Gain Momentum with 55,946 Tons Shipped

January 30, 2025

Jessica Jumaway

The Chilean blueberry industry continues to strengthen its global presence as the 2024-2025 export season progresses. According to the Chilean Fruit Blueberry Committee, total exports have reached 55,946 tons as of the second week of 2025, reflecting steady demand and effective market strategies. Notably, 11,767 tons were shipped in the initial weeks of the year. […]

U.S. Economy Shows Strong Resilience with Robust Trade and Domestic Demand

January 30, 2025

Jessica Jumaway

The U.S. economy demonstrated impressive resilience in the fourth quarter of 2024, bolstered by solid consumer spending and a strong labor market. While imports surged and a strike at Boeing temporarily impacted aircraft production, the broader economic landscape remains positive, signaling healthy trade activity and domestic growth. The Federal Reserve’s approach of gradual interest rate […]

Morocco’s Almond Imports Reach Record High, Boosting Global Trade

January 30, 2025

Jessica Jumaway

Morocco’s demand for high-quality almonds has reached new heights, with imports surpassing 35,000 tons in the first 11 months of 2024. Valued at $174.5 million, this represents an 18% increase from the previous year, demonstrating the country’s strong position in global agricultural trade.   The steady growth in almond imports reflects Morocco’s expanding market for […]

Vietnam’s Fruit Exports Reach $7.15 Billion in 2024, Strengthening Global Trade

January 30, 2025

Jessica Jumaway

Vietnam’s fruit export industry has achieved a remarkable milestone, reaching $7.15 billion in 2024. This strong performance highlights the country’s growing influence in international trade, driven by rising demand for durian, coconuts, longans, pomelos, and mangoes. With shipments expanding to over 60 markets, Vietnam continues to strengthen its position as a key player in global […]

Thailand Strengthens Trade Links with Successful Frozen Shrimp Export to China

January 30, 2025

Jessica Jumaway

Thailand is enhancing its position in global trade with the successful export of frozen shrimp to China via the Laos-China railway. This milestone highlights the efficiency of cross-border logistics and reinforces Thailand’s role as a key supplier of high-quality seafood products.   The shipment, totaling 24 tonnes from Songkhla province, utilized a combination of truck […]

Swiss Gold Exports to the U.S. Reach New Highs, Strengthening Global Trade

January 30, 2025

Jessica Jumaway

Switzerland’s gold exports recorded a strong performance in December, with shipments to the United States reaching their highest level since 2022. This positive growth highlights the continued strength of international trade and the dynamic movement of precious metals across key markets.   As a major hub for bullion refining and transit, Switzerland plays a vital […]

Kyrgyzstan Expands Banana Exports, Strengthening Regional Trade

January 29, 2025

Jessica Jumaway

Kyrgyzstan’s banana exports to Uzbekistan experienced remarkable growth in 2024, reflecting the country’s expanding role in regional trade. According to the National Statistics Committee, exports reached 169 tons worth $80,300 between January and November, a 4.2-fold increase compared to the same period in 2023. This significant rise highlights the strengthening trade relationship between Kyrgyzstan and […]

Australian Wine Exports See Strong Growth, Highlighting Trade Resilience

January 29, 2025

Jessica Jumaway

Australian wine exports demonstrated remarkable growth in 2024, with total export value increasing by 34% to AUD 2.55 billion and volume rising by 7% to 649 million liters. This positive momentum reflects the industry’s adaptability and the strong demand for Australian wines in international markets. A key factor behind this expansion was the removal of […]

China’s Growing Influence in Global Trade Through Agricultural and Manufacturing Exports

January 27, 2025

Jessica Jumaway

China’s expanding role in global trade continues to make a significant impact, with the country strengthening its presence in both agricultural exports and high-tech manufacturing partnerships. Through the success of its premium apple exports and its strategic manufacturing collaborations, China is demonstrating its commitment to driving economic globalization and fostering shared prosperity.   The success […]

Egypt’s Food Export and Import Sectors Show Strong Growth

January 27, 2025

Jessica Jumaway

Egypt’s food export and import sectors are seeing impressive growth, with a recent surge in shipments reflecting the country’s growing influence in global trade. The National Food Safety Authority (NFSA) reported a remarkable 6,200 food export shipments between January 18 and 24, totaling 230,000 tons, marking a 33,000-ton increase from the previous week.   This […]

South Africa’s Poultry Industry Gears Up for Export-Led Growth

January 27, 2025

Jessica Jumaway

South Africa’s poultry sector is set to advance its role in international trade with a renewed focus on export-driven growth. A new phase of its development plan aims to unlock opportunities for economic expansion, sustainability, and global market competitiveness.   The recently introduced framework builds on previous successes by addressing key challenges and setting a […]

Ethiopia Achieves $908 Million in Coffee Exports, Strengthening Global Trade Ties

January 27, 2025

Jessica Jumaway

Ethiopia, the birthplace of Arabica coffee, continues to shine in the global coffee trade, earning an impressive $908 million from the export of over 200,000 tonnes of coffee in the past six months. This achievement reflects the nation’s growing prominence in international trade, driven by innovation and significant reforms in the coffee sector.   According […]

India and U.S. Trade Flourishes with $60 Billion in Exports

January 27, 2025

Jessica Jumaway

India and the United States continue to showcase a thriving trade partnership, with Indian exports to the U.S. reaching an impressive $59.93 billion in the first nine months of the 2024-25 fiscal year. Representing a robust 5.57% growth compared to the same period last year, this achievement highlights the strong demand for Indian goods in […]

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