exports

cargo container lot

South Korea Faces Export Slowdown Amidst Intensifying Chinese Competition

News

The Bank of Korea (BOK) has expressed concerns over the strength of South Korean exports, expecting a slowdown compared to previous years, primarily due to fierce competition from China. According to the BOK’s estimates, the recent decline in exports can be attributed to China, accounting for approximately 35% of the reduction. The drop is mainly …

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white rice grains with brown wooden shovel

India Bans Non-Basmati White Rice Exports, Causing Price Surge and Impact on Global Trade

News

In a move to control soaring food prices and ensure an adequate supply within the country, India has taken the decision to ban the export of non-basmati white rice with immediate effect. The ban is expected to have significant implications for both the domestic and global rice markets, with experts projecting further price increases and …

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streetcars on street

China Prepares to Export Smart Hydrogen-Powered Trams to Malaysia

News

China is gearing up to export a cutting-edge hydrogen-powered smart rail car to Malaysia, developed by CRRC Zhuzhou Electric Locomotive Research Institute Co. The tram recently departed from its production site in Zhuzhou, Hunan Province, Central China and is set to be shipped from Shanghai port to Malaysia in the coming days. According to reports, …

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ship with container vans

Singapore’s Non-Oil Goods Exports Decline by 15.5% in June

News

Singapore’s non-oil domestic exports (NODX) of general goods have experienced a ninth consecutive monthly decline in June, according to Enterprise Singapore. Both electronic and non-electronic product exports saw declines across almost all of the top 10 major markets. In June, Singapore’s NODX contracted by 15.5% year-on-year, following a 14.8% decline in May. After seasonal adjustments, …

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aerial photography of container van lot

China’s Exports Experience Steep 12.4% Decline in June Amid Sluggish Global Demand

News

China’s Customs Administration (GAC) recently released data revealing a significant 12.4 percent year-on-year drop in exports for the month of June. This decline surpasses May’s 7.5 percent contraction and has caught analysts off guard, as they had anticipated a milder 9.5 percent decrease. Chinese exports have been adversely affected by a slowdown in global demand, …

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cargo container lot

South Korean Exports Experience 14.8% Decline in the First 10 Days of July

News

South Korean customs have reported a significant decline in the country’s exports, amounting to a 14.8% decrease to $13.27 billion during the initial 10 days of July compared to the same period last year. This decline can be attributed to the continued slump in semiconductor chip exports. Throughout the first 10 days of July, daily …

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seaport during golden hour

German Exports Fall Below Expectations in May, Highlighting Global Trade Challenges

News

Contrary to analysts’ expectations of an increase, German exports experienced a decline in May, as revealed by data from the German Statistical Office. This unexpected downturn can be attributed to significant drops in exports to the United States and Russia, putting pressure on Germany’s trade performance. According to the report, German exports contracted by 0.1% …

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aerial shot of cargo ship on sea

Australia Sets New Record with $300 Billion in Commodity Exports

News

Australia’s resource and energy exports have reached an all-time high, with the Australian government revealing that exports rose by 9 percent to a record A$460 billion ($300 billion) in the recently concluded fiscal year. However, projections indicate that export revenues may decline over the next two years, primarily due to falling energy prices that are …

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top view photography of cargo ship with intermodal containers

Export to Thailand in May Contracts 4.6%, Beating Expectations

News

Thailand’s Ministry of Commerce recently released its International Trade Report for May, revealing that exports totaled $24.34 billion, marking a 4.6% decline compared to the same period last year. However, this figure surpassed market expectations of an 8-10% contraction. Meanwhile, imports were valued at $26.19 billion, resulting in a trade deficit of $1.849 billion for …

Export to Thailand in May Contracts 4.6%, Beating Expectations Read More »