exports – NATURALDEPOSIT

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South Korea’s Exports Surge for Second Consecutive Month Driven by Robust Demand

South Korea’s Ministry of Trade, Industry, and Energy unveiled a remarkable upturn in November’s exports, recording a substantial 7.8% year-on-year increase, reaching $55.8 billion. This marks the second consecutive month of growth, propelled chiefly by soaring demand for semiconductors. Following a prolonged slump lasting 13 months, South Korean exports experienced a revitalization in October, which …

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Thai Economy Bolstered by Exports and Tourism in October; Inflation Shows Decline

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The Director of the Fiscal Policy Office (FPO) unveiled a positive trajectory for the Thai economy in October 2023, citing robust support from expanding merchandise exports, ongoing growth in the tourism sector driven by both foreign tourists and local visitors, and a continued downtrend in the inflation rate. The Thai economy received a notable boost …

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South Korea on Track for Record Food Exports in 2023 Amid Global Health Trend

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The Ministry of Agriculture, Food, and Rural Affairs in South Korea unveiled a promising projection for the country’s food exports, anticipating a historic high by the year’s end. This surge is attributed to the worldwide shift towards healthier dietary preferences. Recent data released by the ministry on Saturday, November 18, showcases South Korea’s food exports, …

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ASEAN Economic Prospects Clouded by Sluggish Export Sector in the Coming Year

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Forecasts and analyses from both experts and official sources point toward a potential uptick in economic growth across Southeast Asia in the upcoming year. However, the region faces the looming shadow of volatile macroeconomic conditions that could lead to intermittent growth patterns for several countries. Expressing caution, an economist emphasized the vulnerability of nations reliant …

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Singapore’s Exports Continue Decline for 13th Consecutive Month Amid Global Demand Slump

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Enterprise Singapore, the nation’s trade promotion agency, reported Singapore’s exports facing a continued downturn, marking the 13th consecutive month of decline in October. The persistent decrease in exports echoes Singapore’s reliance on global trade, encountering ongoing challenges amidst a global landscape marked by subdued demand. The latest data reveals a 3.4% year-on-year dip in Singapore’s …

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Malaysia’s Economy Grows by 3.3% in Q3/23, Stifled by Stagnant Exports

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Official data released by Malaysia’s central bank unveils a modest expansion of 3.3% in the country’s economy during the third quarter of 2023 (July-September), a period marked by sluggish growth primarily attributed to stagnant exports. While this growth figure falls within the realm of weak expansion experienced by the Malaysian economy, it surpassed economists’ projections …

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Japan’s October Exports Surge by 1.6% Surpassing Expectations, Imports Decline by 12.5%

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Japan’s latest trade data for October presents a mixed picture, showcasing a notable rise in exports exceeding forecasts while imports experienced a considerable decline, signaling challenges amid global demand shifts. The Japanese government’s preliminary report revealed a 1.6% year-on-year surge in October exports, surpassing analysts’ expectations of a 1.2% increase. This marks the second consecutive …

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China’s October Exports Decline for the 6th Consecutive Month, Contrary to Expectations, Imports See Unexpected Growth

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China’s economic landscape faced notable challenges in October, as the nation’s exports experienced a 6.4% decline compared to the same period last year, according to the General Administration of Customs (GAC). This drop, which amounted to $274.8 billion, marks the sixth consecutive month of export contraction, disappointing analysts who had anticipated a milder 3.3% decrease. …

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Germany Reports Larger-Than-Expected Drop in Exports for September

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Germany recently revealed a notable decline in its exports for September, a development that exceeded earlier projections and underscores the impact of weaker global demand on the country’s export sector. According to data from the German Federal Statistical Office, exports from Germany experienced a 2.4% drop on a month-on-month basis in September. This decline was …

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Thailand Exports See 2.1% Growth in September 2023, Defying Contraction Predictions

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The Permanent Secretary of the Ministry of Commerce released an update on Thailand’s international trade situation for the month of September, revealing a surprising upturn in exports, defying expectations of a contraction. Exports in September 2023 were valued at $25,476 million, marking a 2.1% increase. This represents the second consecutive month of expansion, defying market …

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