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China’s goods and services trade reached 4.28 trillion yuan (~$599.2 billion), up 3 per cent YoY in November.
Exports totalled $332.8 billion, and imports $263.8 billion, resulting in a $69 billion trade surplus, according to Chinese state media citing SAFE.
Goods exports were 2.15 trillion yuan (~$301 billion), imports 1.57 trillion yuan (~$219.8 billion), with a surplus of 584.6 billion yuan.Read More
A 3.1-per cent YoY rise in merchandise exports, a 5.7-per cent YoY rise in such imports and a 11.59-per cent YoY rise in readymade garments exports in the April-October period, along with the emergence of solar PV as a leading sector marked key developments in India’s department of commerce this year.
Bharat Mart is being set up in Jebel Ali Free Zone Area in Dubai to cater to Indian exporters.Read More
Vietnam’s textile imports from India rose 46.61 per cent year-on-year to $346.31 million in the first three quarters of 2024, driven by yarn ($151.53 million), fibre ($139.93 million), and fabric ($54.86 million).
Exports to India fell 8.51 per cent to $172.05 million.
Both countries, as major garment exporters, have negligible bilateral garment trade.Read More
India’s real GDP grew 8.2 per cent in FY24, driven by stable consumption and investment.
The 2024-25 budget focused on the textile sector with increased allocations and reduced customs duties.
Despite global challenges, exports rose in Q1 FY25.
Tiruppur saw recovery, with large orders from global players.
New BIS certification for medical textiles starts in October 2024.Read More
Sri Lanka’s textile and garment industry, a cornerstone of its economy, is rebounding amid a challenging economic backdrop.
With rising exports, sustainable practices, and strong demand from the US and EU, the sector is paving the way for recovery.
Leveraging GSP+ benefits and green manufacturing, Sri Lanka positions itself for long-term growth despite debt woes and global headwinds.Read More
Cambodia’s economy is forecast to grow by 6.3 per cent in 2025, driven by the industrial, service, and agricultural sectors, with GDP projected at $51.39 billion and per capita income at $2,924.
The industrial sector, expanding by 8.6 per cent, and infrastructure upgrades in transport and logistics are key contributors.
The World Bank predicts GDP growth of 5.5 per cent for 2025-2026.Read More
A 3.1-per cent year-on-year (YoY) rise in total merchandise exports to 252.2 billion, a 5.7-per cent YoY rise in such imports to $416.8 billion and a 11.59-per cent YoY rise in readymade garments exports to $8.73 billion in the April-October period, along …Read More
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China’s international trade in goods and services totalled approximately 4.28 trillion-yuan (~$599.2 billion) in November, reflecting a 3 per cent year-on-year (YoY) increase.In terms of US dollars, goods and services exports reached $332.8 billion and …Read More