Become a Member

News

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

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

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

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

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

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

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

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

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

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

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

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

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 […]

Surge in Northern Imports Driven by EV Boom

July 11, 2024

Recent data from the Trade and Export Promotion Center reveals a significant rise in imports from northern regions, largely attributed to the booming entry of electric vehicles (EVs) and other consumer goods. This upward trend is a promising indicator of robust trade activities and economic resilience. From January to June 2024, imports from the […]

Significant Rise in Gas Exports to Europe in First Half of 2024

July 11, 2024

In the first half of 2024, a notable increase in natural gas exports to Europe was recorded, reaching 6.4 billion cubic meters (bcm). This growth reflects the expanding role of the region in the global energy market. From January to June, gas exports demonstrated substantial growth, with considerable volumes sent to major markets. During […]

Indian Exports Maintain Quality Standards Amid Minor Spice Shipment Issues

July 11, 2024

Commerce and Industry Minister Piyush Goyal emphasized on Wednesday that Indian exporters uphold stringent quality standards, addressing recent concerns over a few consignments of spices as “very very” minuscule and not indicative of broader issues. Goyal highlighted that the isolated incidents affecting certain spice shipments were minimal compared to India’s robust USD 56 billion […]

Port of Baltimore Imports Show Significant Growth After Bridge Incident

July 11, 2024

Imports at the Port of Baltimore saw a substantial increase of 70.89% in May, following an incident where the Francis Scott Key Bridge was struck by a container skip, according to analysis of the latest U.S. Census Bureau data. In May, the total import value surged to $2.47 billion, marking a $1.02 billion rise from […]

Vietnam-China Trade Projected to Exceed $200 Billion in 2024

July 11, 2024

Vietnam’s trade with China is set to surpass $200 billion this year, driven by strong growth in the first half of 2024. According to the Ministry of Industry and Trade (MoIT), bilateral trade has rebounded significantly, reaching nearly $95 billion in the first two quarters alone. The surge in demand from key markets has […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.

About the ITC

Resources

Legal

© 2024 - International Trade Council. A Peak-Body, International Chamber of Commerce.