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

Thailand Set to Export 8.2 Million Tonnes of Rice Amid Robust Global Demand

July 31, 2024

Daisy

Thailand is on track to export 8.2 million tonnes of rice this year, an increase from the previously forecasted 7.5 million tonnes. This surge is attributed to strong demand from key markets and a weakening baht, according to the Commerce Ministry.   The Director-General of the Foreign Trade Department noted that rice exports in the […]

Pakistan Seeks New Export Opportunities in Afghanistan and Central Asia

July 30, 2024

Daisy

Pakistan is exploring new export markets in Afghanistan and Central Asia, according to recent statements from Commerce Minister Jam Kamal Khan. The minister emphasized that addressing existing “political and connectivity challenges” could significantly enhance trade opportunities with these regions.   Traditionally, Pakistan’s exports have been focused on Western economies, China, and the Gulf Cooperation Council […]

Dhaka Secures Approval for Mango Exports to China

July 30, 2024

Daisy

Dhaka has reached a notable achievement with the recent approval to export fresh mangoes to China, marking a significant expansion into a market that spent $172 billion on fruit imports in the first half of 2021.   This green light from China’s General Administration of Customs comes through ‘Announcement No. 94 of 2024,’ following the […]

India Approves Export of Non-Basmati White Rice to Namibia

July 30, 2024

Daisy

In a significant move, India has approved the export of 1,000 tonnes of non-basmati white rice to Namibia. This decision, announced on Monday, allows the export through a designated national cooperative despite a general ban on non-basmati white rice exports since July 20, 2023. The export ban was originally implemented to boost domestic supply.   […]

Historic Garlic Import Through Mongla Port

July 30, 2024

Daisy

In a historic first, 58 tonnes of garlic were imported through Mongla Sea Port on Sunday, as announced by the Deputy Director of Communication of the Mongla Port Authority in Dhaka on Monday.   A Singapore-flagged vessel docked at the port’s jetty, unloading a total of 229 TEU containers. Among these, two 40-foot containers were […]

Trade Balance Shows €80 Million Surplus in May

July 30, 2024

Daisy

The trade balance posted a surplus of €80 million in May 2024, according to the latest international trade in goods statistics released by Finnish Customs on Monday. Between January and May 2024, the trade balance accumulated a deficit of €2.0 billion. The overall trade surplus by commodity group, including products from the mechanical and chemical […]

Germany Selects Malaysia as a Key Trade Hub

July 29, 2024

Daisy

Germany has designated Malaysia as a significant export and trade hub, expanding its trade strategy beyond reliance on China. This move supports Germany’s derisking approach, which aims to minimize dependence on a single nation. Prime Minister Datuk Seri Anwar Ibrahim announced this shift, highlighting a notable increase in visits from foreign trade ministers to Malaysia. […]

Vietnam Achieves $14 Billion Trade Surplus in Seven Months

July 29, 2024

Daisy

Vietnam has achieved a significant trade surplus of $14.08 billion in the first seven months of this year, reflecting strong export performance. During this period, Vietnam’s trade turnover reached nearly $440 billion, with exports totaling $226.98 billion and imports at $212.9 billion, showing year-on-year increases of 15.7% and 18.5%, respectively.   The export growth was […]

Ghana’s Trade Surplus Expands in First Half of 2024, Boosted by Gold Exports

July 29, 2024

Daisy

The International Trade Council reports that Ghana’s trade surplus grew significantly in the first half of 2024, driven primarily by a substantial rise in gold export revenue. This increase helped mitigate the effects of a decline in cocoa income.   Ghana’s trade surplus increased by 12.5% from the previous year, reaching $1.8 billion. Total exports […]

Import-Export Operations Regain Momentum in Seaports and Land Ports

July 29, 2024

Daisy

The International Trade Council reports that import and export activities, along with customs procedures, have significantly picked up pace at all seaports and land ports in the country. This recovery follows recent disruptions due to quota movements and internet service interruptions.   With the restoration of broadband internet services and improved law and order conditions, […]

Qatar’s Imports of Jordanian Dates Increase by 14.2% in Early 2024

July 26, 2024

Daisy

In the first half of 2024, Qatar experienced a significant 14.2% increase in imports of Jordanian dates compared to the same period in 2023. According to recent data from the Qatar Planning and Statistics Authority, Qatar imported around 70 tons of Jordanian dates from January to June 2024, up from 60 tons during the same […]

EU Agri-Food Trade Surplus Reaches €5 Billion

July 26, 2024

Daisy

In April 2024, the EU’s agri-food trade surplus reached €5 billion, marking a 4% increase compared to April 2023, despite a 25% reduction from the previous month. Exports totaled €19.8 billion, primarily driven by rising prices of olives and olive oil, while imports were valued at €14.8 billion. Key import categories included coffee, tea, cocoa, […]

Nigeria’s Fuel Imports from Malta Reach $2.25 Billion Over Nine Years

July 26, 2024

Daisy

The International Trade Council reports that Nigeria has seen substantial growth in its fuel imports from Malta, totaling $2.25 billion over the past nine years. This significant trade activity highlights the strengthening economic ties and robust trade relations between Nigeria and Malta.   According to Trade Map data, Nigeria’s imports of petroleum oils obtained from […]

Malaysia’s June Trade Data Reports 1.3% Growth, Driven by Mineral Fuels

July 26, 2024

Daisy

The International Trade Council has released Malaysia’s trade figures for June, showing a 1.3% increase in overall trade activity. This growth is primarily attributed to a rise in the export unit value index, which increased by 0.6% from the previous month. Key contributors to this increase include mineral fuels (+2.4%), food (+1.2%), and machinery & […]

Major Land Port Reopens for Export-Import Activities

July 26, 2024

Daisy

  The International Trade Council reports that export and import activities at the largest land port in Bangladesh have resumed following a temporary suspension caused by a government-imposed curfew and internet service suspension. The port, essential for trade between Bangladesh and India, had experienced a complete halt in operations due to the disruption of its […]

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