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Posts Tagged ‘EconomicGrowth’

Penang Leads Malaysia’s Export Growth

International Trade, News, Southeast Asia

July 22, 2024

Penang continues to lead Malaysia’s export sector, achieving RM177.99 billion in exports from January to May this year. This marks a 3.9 percent increase compared to the same period last year, according to Penang’s Chief Minister. Penang’s export performance solidifies its position as Malaysia’s top exporter, contributing 30.5 percent of the nation’s total exports […]

Xinjiang’s Foreign Trade Soars with Record First Half Growth

International Trade, News

July 19, 2024

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

International Trade, News

July 19, 2024

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 […]

Cambodia’s Dry Rubber Exports Surge to $213.3 Million in First Half of 2024

Cambodia, International Trade, News

July 18, 2024

Cambodia’s dry rubber exports generated a robust $213.3 million in revenue during the first half of 2024, marking an 8.6% increase from $196.3 million during the same period last year, according to a recent report. The country exported 140,653 tonnes of dry rubber from January to June this year, reflecting a modest 1% rise from […]

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

International Trade, Malaysia, News

July 18, 2024

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

China, International Trade, News

July 18, 2024

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 […]

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

International Trade and Export, News, Vietnam

July 17, 2024

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 […]

Hong Kong Exports Surge Nearly 10% in May

China, International Trade, News

July 17, 2024

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. […]

China’s June Exports Surpass Projections Despite Declining Imports

China, International Trade, News

July 15, 2024

Recent Chinese customs data revealed that in June, exports exceeded expectations, growing by 8.6% year-on-year to USD 307.8 billion. This figure surpassed earlier estimates ranging from 7.4% to 8%. Meanwhile, imports during the same period saw a decline of 2.3% year-on-year, amounting to USD 208.8 billion. The trade surplus for China widened to USD 99 […]

China’s Trade Shows Resilience with 2.9% Growth, Reaching USD2.98 Trillion in First Half

China, Economic Development, News

July 12, 2024

China’s trade sector demonstrated robust growth, expanding by 2.9% to USD2.98 trillion in US dollar terms during the first half of the year, according to the latest data from the General Administration of Customs. Imports into China grew by 2% to USD1.27 trillion, while exports increased by 3.6% to USD1.71 trillion, resulting in a […]

Vietnam’s Exports Surge in First Half of 2024, Driving Trade Surplus

International Trade, News, Vietnam

July 8, 2024

Vietnam has reported a significant surge in exports during the first half of 2024, leading to a notable trade surplus. This growth has been fueled by both the domestic and foreign-invested sectors The domestic economic sector experienced a remarkable 20.6% increase in exports, reaching $53 billion USD, which represents 28% of the country’s total […]

India and UK Set to Resume Talks on Proposed Free Trade Agreement

India, International Trade, News, United Kingdom

July 8, 2024

Senior officials from India and the United Kingdom are scheduled to meet this month to advance discussions on a proposed free trade agreement (FTA). This development comes after the formation of a new government in the UK, with both nations eager to resolve outstanding issues and finalize the negotiations. The FTA talks, which began […]

Cross River State in Nigeria Attracts $1 Billion in Foreign Direct Investment

Africa, Foreign Direct Investment, News

September 12, 2023

Cross River State in Nigeria has secured $1 billion in Foreign Direct Investment (FDI), as announced by State Governor, Senator Bassey Otu. The investment follows the recently concluded International Cooperation and Investment Summit hosted by the state. Investment Details and Impact on Employment In a media briefing marking his first 100 days in office, Governor […]

UK Signs New Strategic Partnership with Singapore to Boost Economy and Strengthen Security

International Trade, News, Singapore, United Kingdom

September 10, 2023

In a significant move to advance economic growth and mutual security, the Prime Minister of the United Kingdom has formally entered into a Strategic Partnership with Singapore. This partnership, signed on September 9, is expected to foster collaboration between the two nations in various domains, particularly in cutting-edge technologies like artificial intelligence (AI) and cybersecurity, […]

International Trade Council Commends the Philippines and South Korea on the Signing of a Free Trade Agreement

News, Philippines, South Korea

September 7, 2023

The International Trade Council is pleased to recognize the signing of a free trade agreement (FTA) between the Philippines and South Korea during the ASEAN Summit in Indonesia. President Ferdinand Marcos Jr. announced this significant development, emphasizing its potential to strengthen investment relations and create employment opportunities. President Marcos highlighted that the FTA underscores […]

International Trade Council Takes Note of Canada’s Anticipation to Conclude Free Trade Agreement with ASEAN

Canada, News, Trade Agreements

September 6, 2023

The International Trade Council acknowledges Canada’s Prime Minister, Justin Trudeau’s announcement regarding the expectation to finalize a free trade agreement with the Association of Southeast Asian Nations (ASEAN). This development follows the formal launch of the Canada-ASEAN strategic partnership, which was a focal point of discussion during the ASEAN-Canada summit held in Jakarta. Prime […]

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