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

Gradual Uplift in German Export Sentiment Noted in November

November 27, 2024

Daisy

In a recent survey by the Ifo economic institute, a subtle yet positive shift has been observed in the sentiment among German exporters as of November. Despite the overall cautious outlook, a select few sectors are showing signs of optimism regarding export growth.   The Ifo’s export expectations indicator, a key measure of the mood […]

Vietnam’s Pepper Exports Exceed $1 Billion, Strengthening Global Trade Leadership

November 27, 2024

Jessica Jumaway

Vietnam has reached a significant milestone in its agricultural exports, surpassing $1 billion in pepper exports for the first time in a decade. According to the General Department of Customs, the country exported 18,415 tonnes of pepper in October, valued at $120.6 million. This marks a 7.7% increase in volume and a 9.1% rise in […]

Korea’s Dried Seaweed Exports Soar, Strengthening Global Trade Ties

November 26, 2024

Jessica Jumaway

Korea’s dried seaweed exports have achieved record-breaking success in 2024, underscoring the nation’s growing influence in the international food trade. According to the Ministry of Oceans and Fisheries, exports reached $850 million between January and October, already surpassing 2023’s annual record of $792 million. The year-end forecast predicts this figure will exceed $1 billion, marking […]

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November 26, 2024

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Thailand Strong Export Growth in October Signals Positive Supply Chain Outlook

November 26, 2024

Jessica Jumaway

Thailand export sector delivered impressive results in October 2024, surpassing expectations and showcasing the resilience of the nations supply chain. According to data from the commerce ministry, exports rose by 14.6% year-on-year, significantly exceeding the 5.2% increase anticipated by analysts. This robust growth follows a more modest 1.1% rise in September, highlighting the positive momentum […]

Kazakhstan Strengthens Regional Trade Ties with Turkmenistan Through Potato Exports

November 26, 2024

Jessica Jumaway

Kazakhstan continues to bolster its role as a key agricultural exporter, recording an impressive fivefold increase in potato exports to Turkmenistan from January to August 2024. According to the country’s statistical office, Turkmenistan imported 17,500 tons of Kazakh potatoes during this period, solidifying its place as a significant trade partner in the region.   This […]

Egypt’s Food Exports Surge by 15.7%, Highlighting Global Trade Success

November 26, 2024

Jessica Jumaway

Egypt has achieved remarkable growth in its food export sector, recording a 15.7% increase in the week ending November 22, according to a recent Cabinet report. Export volumes reached 162,000 tons, showcasing Egypt’s diverse offerings of over 680 types of fresh fruits, vegetables, and other food products.   Vegetables led the charge with 60 varieties […]

Peru Expands Agricultural Exports to China, Bolstering Asia-Pacific Trade Relations

November 26, 2024

Jessica Jumaway

Peru is strengthening its presence in global trade by expanding agricultural exports to China, further solidifying its role in the dynamic Asia-Pacific market. Recent shipments of high-demand products such as pecans, chestnuts, frozen avocados, mangoes, and frozen blueberries showcase Peru’s commitment to diversifying and growing its trade portfolio.   President Dina Boluarte, speaking with CCTV-13, […]

New Zealand’s Goods Exports Achieve Strong Growth in October

November 25, 2024

Jessica Jumaway

New Zealand’s trade performance in October showed promising growth, with goods exports rising by 7.5% year-on-year (YoY) to NZD 5.8 billion. This growth signals continued demand for New Zealand’s products, bolstered by key international markets.   Exports to major trading partners saw significant increases, with China contributing an extra NZD 113 million (8.4% YoY), Australia […]

China’s Exports Set to Achieve Record High in 2024, Strengthening Global Trade

November 25, 2024

Jessica Jumaway

China’s export sector is poised for a record-setting year in 2024, with experts predicting a 7% growth in the final quarter compared to the same period last year. This growth is expected to bring China’s total exports to a historic $3.5 trillion, surpassing the previous record set in 2022.   The surge in exports is […]

WTO Highlights Global Trade Linkages in Manufacturing Supply Chains at Switzerland Meeting

November 25, 2024

Jessica Jumaway

The World Trade Organization (WTO), during its recent meeting in Switzerland, unveiled its Global Value Chains (GVCs) Sectoral Profiles, offering valuable insights into the interdependence of economies and industries within global manufacturing supply chains. These profiles, supported by value-added indicators from over 70 economies, aim to inform businesses and policymakers about the dynamics of global […]

Uzbekistan Sets New Agricultural Export Milestone with Record Melon Harvest

November 25, 2024

Jessica Jumaway

Uzbekistan’s agricultural sector has reached a significant milestone in 2024, with the country achieving its largest-ever melon and gourd harvest. The Agency of Statistics under the President of Uzbekistan reports that the harvest exceeded 1.7 million tons, reflecting a 6.7% increase over the previous year.   This surge in production highlights Uzbekistan’s growing strength in […]

India Ramps Up Air Cargo Capacity to Boost Electronics Export Growth

November 25, 2024

Jessica Jumaway

India is making significant strides to enhance its air cargo infrastructure, paving the way for substantial growth in electronics exports. With smartphone exports expected to grow eight-fold and reach $180 billion by 2030, the government is prioritizing infrastructure development and logistics improvements to meet these ambitious targets.   Airports across the country, currently operating near […]

Kiwifruit Boosts Growth in New Zealand’s Fruit Export Sector

November 25, 2024

Jessica Jumaway

New Zealand’s fruit export sector has seen impressive growth, with kiwifruit playing a major role in driving this success. According to the latest data from Stats NZ, the country’s fruit exports in October 2024 were up 314% compared to the same month in 2023. The total value of fruit exports for the month reached NZ$188 […]

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