News

Taiwan’s Export Growth Signals Strength in Global Trade

January 9, 2025

Jessica Jumaway

Taiwan’s trade sector ended the year on a high note, with December exports surpassing expectations and showcasing the country’s pivotal role in the global market. Exports rose 9.2% year-on-year to $43.59 billion, driven by robust demand for semiconductors fueled by advancements in artificial intelligence (AI) and steady trade with key international partners.   This strong […]

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Mexico Strengthens Position as Key Market for U.S. Dairy Exports

December 20, 2024

Jessica Jumaway

Mexico is solidifying its position as one of the most important markets for US dairy exports, showcasing the strength of the trade relationship between the two countries. This growing partnership is driving opportunities for agricultural trade and fostering mutual economic benefits.   Currently, Mexico purchases more than 25 percent of US dairy exports, representing 4.5 […]

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Philippine Automotive Parts Exports Drive Economic Growth

December 19, 2024

Jessica Jumaway

The Philippine automotive parts industry is set to achieve remarkable milestones in 2024, with export revenues projected to reach $1.21 billion by year-end. This marks a robust contribution to the country’s international trade and reflects the growing demand for high-quality automotive components worldwide.   Looking ahead, forecasts indicate an increase in export performance, with revenues […]

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New Zealand’s Horticulture Sector Boosts Trade with Record Export Growth

December 19, 2024

Jessica Jumaway

New Zealand’s horticulture industry is achieving remarkable milestones, with export revenue forecasted to hit a record NZ$8 billion (US$4.5 billion) by 30 June 2025, according to the latest Situation and Outlook for Primary Industries (SOPI) report from the Ministry for Primary Industries. This 12% growth reinforces the country’s position as a leading player in global […]

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Vietnam’s Cashew Industry Strengthens Global Trade Leadership with Record Exports

December 19, 2024

Jessica Jumaway

Vietnam’s cashew industry has reaffirmed its position as a global trade leader, achieving record exports of 669,000 tonnes valued at $3.98 billion in the first 11 months of 2024. This marks a 15.2% increase in volume and a 20.6% rise in value compared to the same period last year, underscoring the sector’s resilience and growing […]

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Japan’s Exports Show Strong Growth, Highlighting Resilience in Trade

December 19, 2024

Jessica Jumaway

Japan’s export sector continues to demonstrate resilience, posting a stronger-than-expected 3.8% year-on-year growth in November. This performance reflects robust global demand and the advantages of a competitive yen, reinforcing Japan’s position as a key player in international trade.   Chip Making equipment emerged as a standout, with significant demand from Taiwan and China driving growth. […]

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Morocco Achieves Record Orange Juice Exports, Strengthening Global Trade Ties

December 19, 2024

Jessica Jumaway

Morocco has set a new benchmark in agricultural exports, with its orange juice shipments soaring to over 11,000 tons within the first nine months of 2024, valued at more than $18 million. This achievement represents a remarkable growth of 3.5 times compared to the same period in 2023 and exceeds the record export volume of […]

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Japan Resumes Strawberry Exports to the Philippines, Boosting Bilateral Trade

December 19, 2024

Jessica Jumaway

Japan has resumed its strawberry exports to the Philippines, signaling a positive step in the expanding trade relationship between the two countries. Following an agreement between Japan’s Ministry of Agriculture, Forestry, and Fisheries and Philippine quarantine authorities, the export ban imposed due to pest concerns has been lifted, creating new opportunities for both nations.   […]

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Philippines and South Korea Trade Agreement to Boost Banana Exports

December 19, 2024

Jessica Jumaway

The forthcoming trade agreement between the Philippines and South Korea is set to create new opportunities for the Philippine banana industry. Starting on January 1, 2025, the agreement will reduce tariffs on bananas, making the country’s exports more competitive in the South Korean market.   Trade Secretary Ma. Cristina Roque highlighted the potential benefits during […]

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Philippines Achieves Milestone in Rice Imports, Strengthening Global Trade Partnerships

December 18, 2024

Jessica Jumaway

The Philippines is poised to reach a record-breaking 4.7 million metric tons (MMT) in rice imports by the end of 2024, showcasing its active engagement in international trade and efforts to ensure food security. Recent data from the Bureau of Plant Industry (BPI) highlights this achievement, with shipments from January 1 to December 12 already […]

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Malaysia Strengthens Trade Momentum with Steady Export Growth

December 18, 2024

Jessica Jumaway

Malaysia’s trade performance continues to impress, with exports rising 4.1% year-on-year in November to 126.57 billion ringgit ($28.31 billion). This marks the second consecutive month of export growth, reflecting the country’s resilience and strategic positioning in global trade.   Key industries, particularly manufactured and agricultural goods, have been instrumental in driving this success. Exports of […]

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Philippines and Korea Strengthen Trade Ties and Drive Connectivity Through New Agreement

December 18, 2024

Jessica Jumaway

The National Economic and Development Authority Board has approved the implementation of the free trade agreement between the Philippines and Korea, marking a significant milestone in enhancing economic collaboration and trade relations. This agreement aims to reduce market barriers, foster investment opportunities, and provide expanded access to goods and services between the two countries.   […]

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Critical Minerals Trade Database Launched to Strengthen Global Trade and Clean Energy Goals

December 18, 2024

Jessica Jumaway

A new database focusing on trade in critical minerals has been launched by the Asian Development Bank and the World Trade Organization Secretariat, marking a significant milestone in global trade and sustainability efforts. This collaborative initiative is set to enhance transparency, promote trade efficiency, and support the clean energy transition by providing comprehensive insights into […]

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Brazil Expands Grape Exports to Asia with Sustainable Trade Innovations

December 17, 2024

Jessica Jumaway

Brazil is making strides in global trade with the expansion of its fresh grape exports to China, supported by innovative and eco-friendly packaging solutions. This development follows the signing of a phytosanitary protocol in November, opening doors for Brazilian table grapes to reach new international markets.   The introduction of the DaColheita packaging solution has […]

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Singapore’s Export Growth Highlights Resilience in Global Trade

December 17, 2024

Jessica Jumaway

Singapore’s export sector demonstrated impressive resilience in November, with non-oil domestic exports (NODX) increasing by 3.4% year-on-year, exceeding expectations and marking a strong recovery from October’s 4.7% decline.   The growth, fueled by a robust rise in electronics shipments, underscores Singapore’s critical role in global trade and its ability to adapt to evolving market demands. […]

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U.S. Shrimp Imports from India, Indonesia, and Ecuador Show Resilience and Growth Opportunities

December 17, 2024

Jessica Jumaway

The U.S. shrimp market continues to show positive signs of resilience, with a steady flow of imports from top global exporters. In October 2024, the U.S. imported 164.3 million pounds (74,544 metric tons) of shrimp, slightly down from the previous year’s 168 million pounds (76,187 metric tons). Year-to-date figures indicate a 4.4% decrease compared to […]

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