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Posts Tagged ‘GlobalTrade’

$16 Million Deal Enhances Export Capabilities and Global Market Reach

Export Development, News

July 19, 2024

A major partnership has been forged between a leading food company and a marketing logistics firm through a SAR 60 million ($15.9 million) agreement aimed at boosting international trade opportunities. The memorandum of understanding was signed by the CEOs of both firms, with oversight from key officials including the Minister of Industry and Mineral Resources. […]

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 […]

Egypt’s Export Growth Signals Economic Resilience and Strategic Vision

Egypt, News, Trade and Export

July 18, 2024

Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

Indonesia Maintains Trade Surplus Despite Higher Oil Imports

Indonesia, International Trade, News

July 17, 2024

Indonesia continued its streak of trade surpluses last month, showcasing resilience even as oil imports saw an increase, affecting the surplus marginally. Amalia Adininggar Widyasanti, interim head of Statistics Indonesia (BPS), reported on Monday that June marked the 50th consecutive month of trade surplus. Exports totaled US$20.84 billion, surpassing imports at US$18.45 billion, resulting in […]

India’s Rice Export Policies Under Review Amidst Market Dynamics

Agriculture and Export Market, India, News

July 17, 2024

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos LondoÃƒÂ Ã‚Â±o, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry. […]

Colombian Avocado Exporter Exceeds Expectations with 20% Growth Projection

Colombia, Global Trade, News

July 17, 2024

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos LondoÃƒÂ Ã‚Â±o, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry. […]

Azerbaijan’s Tomato Exports Surge in Early 2024

Agricultural Trade, News

July 16, 2024

Azerbaijan has seen a significant rise in tomato exports, reaching 86,067 tons in the first five months of 2024. This marks a substantial increase in both volume and value compared to previous years. In addition to robust export figures, Azerbaijan’s imports of tomatoes from Turkmenistan surged to 548 tons in the initial months of […]

Uttar Pradesh to Export 40 Tons of Mangoes to Japan and Malaysia

International Trade, Japan, Malaysia, News

July 16, 2024

Uttar Pradesh is poised to export 40 tons of mangoes to Japan and Malaysia. This announcement was made during the inauguration of the UP Mango Festival 2024 at Awadh Shilp Gram. In a significant milestone for the region, Uttar Pradesh will also export Dussehri mangoes to the United States for the first time in […]

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 […]

Vietnam Targets $3.5 Billion in Durian Exports for 2024

Agricultural Trade, News, Vietnam

July 12, 2024

Vietnam is setting ambitious goals for its fruit and vegetable export sector, with a particular focus on durian. According to the Vietnam Fruit and Vegetable Association, the nation aims to achieve $3.5 billion in export turnover from durian in 2024, marking a 55% increase from the previous year. In June 2024 alone, fruit and vegetable […]

China’s Trade Surplus Reaches Record High Amidst Economic Uncertainty

China, International Trade, News

July 12, 2024

China’s export growth reached its highest pace in fifteen months this June, indicating that manufacturers are accelerating orders in anticipation of potential tariffs from a growing list of trade partners. However, imports saw an unexpected decline due to weak domestic demand. This mixed trade data underscores the need for further government intervention as China’s $18.6 […]

Significant Rise in Gas Exports to Europe in First Half of 2024

Energy Export, Europe, News

July 11, 2024

In the first half of 2024, a notable increase in natural gas exports to Europe was recorded, reaching 6.4 billion cubic meters (bcm). This growth reflects the expanding role of the region in the global energy market. From January to June, gas exports demonstrated substantial growth, with considerable volumes sent to major markets. During […]

Vietnam-China Trade Projected to Exceed $200 Billion in 2024

China, International Trade, News, Vietnam

July 11, 2024

Vietnam’s trade with China is set to surpass $200 billion this year, driven by strong growth in the first half of 2024. According to the Ministry of Industry and Trade (MoIT), bilateral trade has rebounded significantly, reaching nearly $95 billion in the first two quarters alone. The surge in demand from key markets has […]

Egypt’s Non-Petroleum Trade Deficit Shrinks by 22.9% in Q1 2024

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

Bangladesh Plans Shift from Rice Imports to Exports, Says Food Minister

Agriculture and Food Trade, News, Southeast Asia

July 8, 2024

Bangladesh’s Food Minister, Sadhan Chandra Majumder, announced that the country will focus on exporting rice instead of importing it in the future. “In the past two years, our government has refrained from importing rice, and this year, there is no necessity for rice imports,” he stated during the inauguration of the Agriculture Technology Fair-2024 […]

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