Posts Tagged ‘ExportGrowth’

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. […]

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 […]

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 […]

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.   […]

Africa, International Trade, News

December 17, 2024

Efforts to boost trade and connectivity with African nations are gaining momentum, focusing on fostering mutually beneficial agreements and enhancing infrastructure links across the region. Recent discussions among key economic leaders have emphasized the importance of balanced trade agreements and regional collaboration to support economic growth.   New trade initiatives aim to create equitable agreements […]

Europe, International Relations, News

December 17, 2024

The eurozone and European Union have showcased resilience and adaptability in their international trade activities, with October 2024 figures highlighting growth and stability despite global economic adjustments.   In the eurozone, exports of goods to the rest of the world climbed to €254 billion in October 2024, representing a 2.1% increase from the same period […]

News, United Kingdom

December 16, 2024

The United Kingdom has set a new record in renewable energy production, with wind power generation surpassing 22 gigawatts on Sunday. This remarkable achievement not only met the country’s energy needs but also led to the highest level of electricity exports to France in over a year, showcasing the UK’s growing role in the European […]

The Philippines is taking significant strides to enhance its global trade position, with a particular focus on the agriculture and fisheries sector. The Department of Trade and Industry (DTI) and the Department of Agriculture (DA) have joined forces to implement strategic initiatives that will boost exports and strengthen the country’s economic standing.   By streamlining […]

Agricultural Exports, Brazil, News

December 11, 2024

Brazil’s pork industry continues to thrive, with November marking a significant milestone. The country exported a record-breaking 121.1 thousand tons of pork, a 15.1% increase compared to the same period last year.   This surge in exports has also translated to substantial revenue growth. The industry generated US$291.7 million in November, a 29.5% increase year-over-year. […]

Korea’s cosmetic industry has achieved a significant milestone, with exports soaring to a record $9.3 billion from January to November 2024, according to the Ministry of Food and Drug Safety. This remarkable achievement surpasses the previous high of $9.2 billion in 2021, reflecting the growing global admiration for Korean beauty products and their influence on […]

Morocco has experienced impressive export growth in several key industries, including aerospace, automotive, and phosphate products, during the first ten months of 2024.   The aerospace sector saw a notable 17.3% increase in exports, reaching $2.16 billion, driven by a 26.9% surge in the assembly segment, which accounted for $1.43 billion. The country’s strong political […]

Agricultural Exports, Benin, News

November 28, 2024

Benin’s vibrant pineapple industry is poised for a significant leap in global trade as exporters prepare to expand their market reach to China. Currently, the West African nation exports around 85% of its premium-quality pineapples to France. However, new developments in infrastructure and strategic discussions are paving the way for a diversified export portfolio.   […]

Germany, International Trade, News

November 28, 2024

Germany is taking a significant step to enhance its semiconductor industry and strengthen its role in global trade. The government has announced plans to allocate billions of euros in subsidies to support advanced chip production, a move designed to boost technological innovation and reinforce Europe’s position in the global semiconductor market.   The initiative aligns […]

Costa Rica has received a formal invitation to join the prestigious Trans-Pacific Partnership (TPP), a move that promises to open new doors for trade and economic growth. This agreement will enable Costa Rica to strengthen its connections with a diverse group of nations, boosting access to markets such as Japan, Australia, Malaysia, New Zealand, Brunei, […]