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Posts Tagged ‘EconomicGrowth’

Germany Selects Malaysia as a Key Trade Hub

Germany, International Trade, News

July 29, 2024

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

International Trade, News, Vietnam

July 29, 2024

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

Africa, International Trade, News

July 29, 2024

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 […]

EU Agri-Food Trade Surplus Reaches €5 Billion

Agricultural Trade, Europe, News

July 26, 2024

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

Africa, International Trade, News

July 26, 2024

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 […]

Thailand’s Tapioca Sector Adapts to New Market Dynamics

Agricultural Trade, News, Thailand

July 23, 2024

The adaptive strategies being employed by Thailand’s tapioca export sector in response to evolving market conditions. With a shift in China’s demand patterns, Thailand is innovating to maintain its strong position in the global tapioca market.   China, traditionally a major importer of Thai tapioca, is transitioning to using coal for ethanol production in a […]

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 […]

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 […]

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 […]

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. […]

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