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

Japanese Sweet Potatoes Drive Export Growth with Innovation and Global Appeal

December 16, 2024

Jessica Jumaway

Japan’s sweet potato exports have experienced remarkable growth, showcasing the country’s innovative approach to agriculture and its commitment to meeting international market demands. In 2023, export volumes reached 6,200 tons, marking a tenfold increase in shipment value over the past decade. This surge underscores Japan’s focus on quality and adaptability in global trade.   Agricultural […]

Philippine Agricultural Exports Set to Thrive with New Trade Partnership

December 16, 2024

Jessica Jumaway

In an exciting step for Philippine trade, the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) have forged a partnership to unlock the global potential of the country’s agricultural exports.   A Memorandum of Agreement (MoA) between the two departments outlines a shared commitment to boosting export sales of key commodities […]

China’s Fruit Exports Thrive, Strengthening Regional Trade Relations

December 15, 2024

Jessica Jumaway

China’s fruit export industry continues to flourish, showcasing substantial growth and reinforcing the country’s role as a major player in global agricultural trade. The consistent demand from international markets, particularly across Southeast Asia, reflects the growing importance of cross-border trade in supporting regional economies.   Southeast Asian markets remain key destinations for Chinese fruits, with […]

Global Merchandise Trade Continues to Grow in the Third Quarter of 2024

December 13, 2024

Jessica Jumaway

Global merchandise trade saw continued growth in the third quarter of 2024, with volumes rising by 1.1% from the previous quarter and 3.3% year-on-year, marking the fourth consecutive quarter of positive expansion. This growth demonstrates the resilience of global trade, even amid uncertainties. In dollar terms, the value of merchandise trade increased by 4.3% year-on-year, […]

Vietnam’s Meat Imports Soar to US$1.7 Billion in 2024, Strengthening Global Trade Partnerships

December 12, 2024

Jessica Jumaway

Vietnam’s meat import sector is experiencing significant growth, with projected spending reaching US$1.7 billion in 2024. The country’s meat and meat by-products imports surged by 14.2% year-on-year, amounting to nearly US$1.6 billion in the first 11 months of the year, according to the General Department of Customs.   This positive trend reflects Vietnam’s increasing demand […]

Germany Launches Initiative to Strengthen Global Seafood Trade

December 12, 2024

Jessica Jumaway

A new initiative led by Germany is paving the way for stronger global trade connections by linking sustainable seafood producers with European markets. This program, designed to address Europe’s growing seafood demand, focuses on fostering partnerships with small- and medium-sized enterprises from emerging markets while promoting eco-friendly practices.   Under this trade-focused initiative, seafood producers […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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. […]

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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