News

Korean Agricultural Exports Hit Record High, Showcasing Growing Demand and Trade Opportunities

November 5, 2024

Jessica Jumaway

Korea’s agricultural exports reached a new milestone through October 2024, underscoring the country’s increasing role in global trade. With a surge in demand for both fresh and processed food items, total agricultural exports rose to $8.18 billion, marking an impressive 8.7% year-over-year growth, according to the Ministry of Agriculture, Food and Rural Affairs.   The […]

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Deputy Director-General Johanna Hill Highlights the Power of Trade to Drive Global Prosperity at Import Expo

November 5, 2024

Jessica Jumaway

At the Hongqiao International Economic Forum in Shanghai on November 5, World Trade Organization Deputy Director-General Johanna Hill underscored the transformative potential of international trade in promoting global prosperity and resilience. Speaking at a session titled “China and 30 Years of the World Trade Organization: History and Evolution,” Hill praised the critical role of trade […]

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Nepal Imports $403K Worth of Bananas from India Amid Rising Demand

November 4, 2024

Jessica Jumaway

In an exciting development for international trade, Nepal has imported bananas valued at approximately $403,225 (50 million rupees) from India. This strategic import decision reflects the increasing demand for bananas in the Nepali market, which has outpaced local production capabilities.   Bishweshwar Yadav, President of the Janakpur Fruits and Vegetables Traders Committee, highlighted the significant […]

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Bangladesh Leverages Maldives as Strategic Hub for Textile Exports

November 4, 2024

Jessica Jumaway

In a proactive move to enhance its textile export capabilities, Bangladesh has started rerouting its shipments through the Maldives, marking a significant development in its trade strategy. This initiative aims to streamline logistics, better manage supply chains, and ensure timely delivery of products to global markets.   As the world’s second-largest garment producer, Bangladesh plays […]

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Indonesia Set to Boost Global Trade with Electric Vehicle Battery Precursor Exports

November 4, 2024

Jessica Jumaway

Indonesia is on the verge of making significant strides in the global electric vehicle (EV) supply chain, as it prepares to export battery precursor materials to major manufacturers, including Tesla Inc. Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that exports are expected to begin by January 1, 2025, marking a promising development for […]

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India’s Manufacturing Sector Experiences Robust Growth in October, Signaling Trade Opportunities

November 4, 2024

Jessica Jumaway

India’s manufacturing sector is showcasing strong momentum, as indicated by the latest Purchasing Managers’ Index (PMI) report. In October, the manufacturing PMI surged to 57.5, up from an eight-month low of 56.5 in September. This significant increase reflects a resurgence in demand, leading to job creation and a promising outlook for businesses engaged in both […]

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United States Eases Import Regulations for Chilean Table Grapes, Enhancing Trade Opportunities

November 4, 2024

Jessica Jumaway

In a strategic boost for the agricultural trade sector, the United States government has introduced a progressive update to its import regulations that promises to advance Chile’s table grape exports. Effective July 2024, the new guidelines permit specific regions in Chile, recognized for their minimal presence of the European grapevine moth, to export table grapes […]

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Thailand’s Export Sector Poised for Record-Breaking Growth, Shippers’ Group Confirms

November 4, 2024

Jessica Jumaway

Thailand’s export sector is on track to reach an impressive 2% growth this year, according to the Thai National Shippers’ Council. With a targeted export value of $290 billion, Thailand’s trade outlook reflects the country’s strategic efforts to strengthen its role in the global market. Exports, which are a key contributor to Thailand’s economic health, […]

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Afghanistan Expands Trade Horizons with Pomegranate Exports to China and Regional Markets

November 4, 2024

Jessica Jumaway

Afghanistan’s renowned pomegranates are set to reach new markets as the country’s Chamber of Commerce and Investment accelerates efforts to expand exports to China and strengthen regional trade partnerships. With a growing global demand for Afghan pomegranates, recent discussions with Chinese traders signal promising trade opportunities that could elevate Afghanistan’s agricultural exports on the world […]

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Chinese EV Maker to Launch Hybrid Vehicle Exclusively for International Markets

November 3, 2024

Jessica Jumaway

In an exciting development for the automotive trade landscape, a prominent Chinese electric vehicle manufacturer is preparing to launch its first hybrid vehicle, set to debut in 2026, exclusively in international markets. This strategic move is designed to enhance global market presence and respond to increasing demand for versatile vehicle options, while navigating the complexities […]

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European Council President Calls for Trust, Trade, and Transformation to Advance Global Prosperity

November 1, 2024

Jessica Jumaway

In an inspiring address at the World Trade Organization (WTO) headquarters in Geneva, European Council President Charles Michel called on the global community to embrace a path of strengthened trust, expanded trade, and institutional transformation to build a more inclusive and prosperous world. Delivered as part of the WTO’s Presidential Lecture Series on November 1, […]

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Morocco Poised for Record Sweet Pepper Exports Boost

October 30, 2024

Jessica Jumaway

Morocco is on the brink of setting a new record in sweet pepper exports, showcasing its potential as a leading player in the global agricultural market. Recent data indicates that from January to August 2024, the country exported nearly 150,000 tons of sweet peppers, marking an impressive 20% increase compared to the same period last […]

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Vietnam’s Chili Exports Flourish with $22.2 Million in Revenue for 2024

October 30, 2024

Jessica Jumaway

Vietnam’s chili exports are thriving, reaching an impressive $22.2 million in the first three quarters of 2024, with a volume of 9,274 tons. This achievement reflects a robust growth of 5.3% in quantity and a remarkable 31.8% increase in value compared to the same period last year, as reported by the Vietnam Pepper and Spice […]

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Brazil’s Fruit Export Landscape Sees Mangoes and Limes Thrive

October 30, 2024

Jessica Jumaway

In an interesting turn of events, Brazil’s fruit export market is showcasing resilience and adaptability as it navigates challenges within the grape sector. While grape exports have experienced a notable decline in 2024, other fruits, particularly mangoes and limes, are thriving and driving positive trade developments.   Recent data from AgroStat/Mapa, analyzed by Abrafrutas, reveals […]

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Huelva Celebrates Record €1.1 Billion in Berry Exports, Strengthening Spain’s Trade Landscape

October 30, 2024

Jessica Jumaway

The province of Huelva is proudly celebrating a significant milestone in its berry exports, achieving an impressive €1.101 billion in sales during the first seven months of 2024. This remarkable figure marks a 10.1% increase year-on-year, further solidifying Huelva’s position as Spain’s foremost exporter of red fruits and making a vital contribution to the country’s […]

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Thailand Projects 3% Economic Growth in 2025, Driven by Tourism and Export Gain

October 30, 2024

Jessica Jumaway

Thailand’s Finance Ministry projects a 3% economic growth rate for 2025, fueled by strong performances in private consumption, exports, investment, and tourism. As Southeast Asia’s second-largest economy, Thailand anticipates a robust influx of 39 million foreign tourists next year, an increase from the expected 36 million arrivals in 2024, reinforcing the nation’s tourism sector as […]

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