exports

rice grain

Thailand’s Rice Exports Surge in First Four Months, Aiming to Meet Growing Demand

Thailand, the world’s second-largest rice exporter after India, witnessed a significant increase in rice exports during the first four months of 2023. According to the Deputy Secretary-General to the Prime Minister for Political Affairs, the country exported more than 2.79 million tons of rice, valued at over 1.514 billion US dollars. These figures indicate a […]

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top view photography of cargo ship with intermodal containers

Japan’s April Exports Plummet to the Lowest Level in Over 2 Years as Chinese Demand Slows

Japan experienced a significant setback in its export sector during April, with the latest data from the Japanese Ministry of Finance revealing that exports rose at the slowest pace in over two years. This decline was primarily driven by a decrease in exports to China, signaling a concerning trend of weakening demand from the world’s

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assorted color intermodal containers

India’s April Exports Rise 2% with Lowest Trade Deficit in 18 Months

The Ministry of Commerce and Industry in India has reported that the country’s goods exports reached $34.66 billion in April, compared to $39.7 billion in the same month last year. This decline in exports can be attributed to reduced demand in major markets. On the other hand, services exports experienced a growth, reaching $30.36 billion

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close up of man repairing a computer

South Korea’s Exports of ICT Products in April Fell 35.9%, the 10th Consecutive Month of Decline

South Korea’s Ministry of Trade, Industry, and Energy recently reported that the country’s exports of Information and Communications Technology (ICT) products fell for the 10th consecutive month in April. The prolonged decline in ICT product exports is due to continued sluggish demand for domestically produced technology products. In April, South Korea’s exports of ICT goods

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steel container on container dock

South Korea’s Exports Fall More Than 10% in the First 10 Days of May Due to the Decline in Global Demand

The South Korean customs office has released data revealing that the country’s exports fell 10.1% in the first 10 days of May, with the decline attributed to the ongoing slump in global demand for products made in South Korea. The latest figures show that the value of exports was US$14.48 billion in the May 1-10

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shipping boat near dock

China’s April Exports Surpass Expectations with an 8.5% Rise, Imports Fall by 7.9%

According to the Chinese customs office, China’s April exports surged 8.5% year-on-year to $295.42 billion, surpassing analysts’ expectations of a 6.4% increase in a poll conducted by Wind, a Chinese financial data provider. Despite the increase in exports, growth in April slowed down compared to March’s robust 14.8%. Additionally, April imports dropped 7.9% year-on-year to

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cargo container lot

South Korea’s Exports Fall for Seven Straight Months in April Due to the Decline in Demand for Chips

On Monday, South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) announced that the country’s exports had fallen for the seventh consecutive month, mainly due to a decline in demand for semiconductors. The global economy’s slowdown has resulted in weak demand for chips, and the trend has continued for several months. According to MOTIE, South

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top view photography of cargo ship with intermodal containers

Thailand’s March Exports Fell Only 4.2%, the Highest Value in 12 Months, Turning a Surplus

Thailand’s Office of Trade Policy and Strategy (Public Organization), Ministry of Commerce, has revealed that the country’s international trade in March 2023 showed a decrease in exports by 4.2%, with a total value of $27,654 million. However, imports also decreased by 7.1%, with a total value of $24,935 million, resulting in a trade surplus of

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aerial photo of vehicles in the city

Thailand’s GDP Growth Forecast Lowered to 3.6% by Treasury, Expects Reversal in Export Contraction

The Fiscal Policy Office (FPO) has revised down its growth forecast for Thailand in 2023, expecting the country’s GDP to grow at a rate of 3.6% instead of the previously projected 3.8%. The downward revision is attributed to the contraction in exports, which is now expected to be at -0.5%, as compared to earlier expectations

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