The German Statistical Office’s latest data revealed that German exports experienced sluggish growth in June, with an increase of just 0.1% compared to the previous month, falling short of the anticipated 0.3% rise. In the past, trade played a pivotal role as a strong growth driver for the German economy, but recent trends indicate that …
German Exports Stall in June Amid Declining Foreign Demand Read More »
Australia’s trade surplus experienced a slight dip in June as both export and import sales declined, signaling challenges amid a weakening domestic economy. According to data released by the Australian Bureau of Statistics (ABS), the country’s trade surplus for June stood at A$11.321 billion, surpassing analysts’ expectations of A$11.25 billion. However, it represented a slight …
Australian Trade Surplus Narrows in June as Export-Import Sales Decline Read More »
South Korea’s Ministry of Trade, Industry, and Energy reported a concerning downturn in export sales for July, showing a substantial 16.5% year-over-year decline, amounting to $50.33 billion. The figures came in worse than analysts’ expectations, who had predicted a 14.5% drop, and marked the continuation of a ten-month streak of export declines. This significant decrease …
South Korean Exports Plunge 16.5% in July Amid Global Chip Demand Slowdown Read More »
The Federation of Thai Industries (FTI), represented by its Vice President and Spokesperson of the Automotive Industry Club, recently disclosed the remarkable performance of Thailand’s car exports in June. According to the report, the country exported a total of 88,826 finished cars during the month, reflecting an impressive growth rate of 20.22% compared to the …
Thailand’s Car Exports Surge by 20.22% in June, Reaching 88,826 Units Read More »
India is poised to engage in power trade with Southeast Asian nations through the establishment of an electricity grid connecting Thailand, Myanmar, and the region. This move is aimed at leveraging India’s vast renewable energy potential to bolster diplomatic ties and foster regional cooperation. A prominent industry expert predicts that the process of connecting the …
India Set to Export Renewable Electricity to Southeast Asia via Thailand-Myanmar Grid Read More »
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 …
South Korea Faces Export Slowdown Amidst Intensifying Chinese Competition Read More »
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 …
Japan’s Ministry of Finance has reported a significant rise in the country’s exports for June, bolstered by robust car exports. According to the data released on July 20, Japan’s overall exports increased by 1.5% year on year, marking the 28th consecutive month of growth. A standout performer in this surge was the automotive sector, with …
Japan’s Exports Surge in June, Driven by Strong Car Exports Read More »
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, …
China Prepares to Export Smart Hydrogen-Powered Trams to Malaysia Read More »
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, …
Singapore’s Non-Oil Goods Exports Decline by 15.5% in June Read More »