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

$16 Million Deal Enhances Export Capabilities and Global Market Reach

July 19, 2024

Daisy

A major partnership has been forged between a leading food company and a marketing logistics firm through a SAR 60 million ($15.9 million) agreement aimed at boosting international trade opportunities. The memorandum of understanding was signed by the CEOs of both firms, with oversight from key officials including the Minister of Industry and Mineral Resources. […]

Malaysia Requests India to Maintain Export Channels for Essential Commodities

July 19, 2024

Daisy

Malaysia has formally requested India to maintain export channels for crucial commodities such as rice, sugar, and onions, even amidst broader export restrictions. This request was articulated by Malaysia’s Minister for Plantation and Commodities on Thursday.   “Malaysia depends heavily on imports for certain essential goods. Our domestic rice production meets only 65% of our […]

Xinjiang’s Foreign Trade Soars with Record First Half Growth

July 19, 2024

Daisy

The Xinjiang Uygur Autonomous Region in Northwest China has achieved remarkable growth in its foreign trade sector, surpassing the 200 billion yuan mark two months earlier than last year. The region saw a year-on-year growth of 48.4 percent in its trade volume during the first half of this year.   From January to June, Xinjiang’s […]

Guangxi’s Trade Sector Flourishes in First Half of the Year

July 19, 2024

Daisy

Amid global economic uncertainties, the Guangxi Zhuang Autonomous Region has shown remarkable resilience and growth in its foreign trade sector.   Recent customs data revealed that Guangxi’s total imports and exports surged to 345.28 billion yuan ($47.57 billion) in the first half of the year, reflecting a significant 12 percent increase compared to the same […]

Egypt’s Export Growth Signals Economic Resilience and Strategic Vision

July 18, 2024

Daisy

  Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

Japan Faces Trade Growth Challenges Amid Global Economic Landscape

July 18, 2024

Daisy

Recent trade statistics from Japan indicate slower-than-expected growth in both exports and imports during June, reflecting ongoing economic complexities both at home and abroad. In June, Japanese exports rose by 5.4% year-on-year, below the forecasted 6.4% growth and a deceleration from the 13.5% increase seen in the previous month. Similarly, imports grew by 3.2% year-on-year, […]

Malaysia’s Trade Rises 8.7% in June 2024 to Reach RM237.8 Billion

July 18, 2024

Daisy

Malaysia witnessed robust trade growth in June 2024, driven by a strengthening global economy. The total trade value increased by 8.7% year-on-year, climbing from RM218.8 billion to RM237.8 billion. This growth was primarily fueled by a significant rise in imports, which surged by 17.8% to RM111.8 billion, while exports saw a modest increase of 1.7%, […]

Significant Import Growth in Guangdong for First Half of 2024

July 18, 2024

Daisy

Guangdong province has reported notable growth in imports of electromechanical and energy products during the first half of 2024, highlighting a strong economic rebound and increased domestic demand. Recent data shows that the province’s imports of mechanical and electrical products rose by 23.6 percent year-on-year, making up 64.2 percent of the total import value for […]

Singapore’s Export Resilience Amid Global Challenges

July 17, 2024

Daisy

Singapore’s non-oil domestic exports for June showed resilience despite challenges, with a reported 8.7% year-on-year decline, slightly exceeding expectations. The drop, driven by non-electronic products, contrasts with a revised 0.7% contraction in May but indicates robust recovery potential.   Economist Chua Hak Bin from Maybank noted Singapore’s capacity constraints and global supply chain disruptions, including […]

Indonesia Maintains Trade Surplus Despite Higher Oil Imports

July 17, 2024

Daisy

Indonesia continued its streak of trade surpluses last month, showcasing resilience even as oil imports saw an increase, affecting the surplus marginally. Amalia Adininggar Widyasanti, interim head of Statistics Indonesia (BPS), reported on Monday that June marked the 50th consecutive month of trade surplus. Exports totaled US$20.84 billion, surpassing imports at US$18.45 billion, resulting in […]

Vietnam’s Export Orders Surge Ahead of Year-End Holidays

July 17, 2024

Daisy

Vietnamese businesses are experiencing a notable uptick in new export orders as they gear up for the upcoming Christmas and New Year holidays. According to reports from industry sources, many garment companies have secured substantial export orders for the third quarter and are actively negotiating for the fourth quarter.   Leaders and representatives in the […]

India’s Rice Export Policies Under Review Amidst Market Dynamics

July 17, 2024

Daisy

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos Londoño, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry. Founded […]

Colombian Avocado Exporter Exceeds Expectations with 20% Growth Projection

July 17, 2024

Daisy

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos Londoño, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry.   […]

Hong Kong Exports Surge Nearly 10% in May

July 17, 2024

Daisy

The volume of Hong Kong’s exports rose by 9.8 percent in May compared to the previous year, with the total value of exports increasing by 4.5 percent, according to the Census and Statistics Department.   Export volumes to Vietnam, the US, and mainland China climbed by 31.2 percent, 21.3 percent, and 15.8 percent respectively year-on-year. […]

Precision Engineering and Machine Tool Technology Show 2024 Set to Highlight Innovations in Manufacturing

July 17, 2024

Daisy

The Precision Engineering and Machine Tool Technology Show 2024 (PRECITECH) is scheduled to take place in India, offering a comprehensive platform for showcasing advancements in smart manufacturing and related technologies. The event will cover a wide range of areas within precision manufacturing, ancillary industries, and emerging technologies shaping the future of the sector.   Scheduled […]

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