Tibet’s service trade export

The service trade export of southwest China’s Tibet Autonomous Region exceeded 100 million U.S. dollars in 2018, authorities said Thursday, Jan. 17.

According to the regional department of commerce, service trade export rose 7.4 percent year on year last year.

Service trade refers to the exchange of services between economic entities, including cross-border exchanges, consumptions overseas, businesses and population flows.

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Azerbaijan trade numbers

Azerbaijan maintained trade relations with 182 foreign countries in January-November 2018.

Azerbaijan’s legal entities and individuals exported products to 109 countries and imported from 173 countries in the mentioned period.

The foreign trade turnover of the country amounted to $29.2 billion during the reporting period, considering the statistical value of exported crude oil and natural gas, including exports of $18.9 billion, imports of $ 10.2 billion, resulting in a positive trade balance of...


Khorramshahr Port sees increased exports

Exports of non-oil commodities from the southwestern port city of Khorramshahr, Khuzestan province, have increased in the past ten months of the current Iranian year (started March 2018), the director of Khorramshahr Ports and Maritime Directorate said.

According to Noorollah Asadi, some 1.5 million tons of goods were exported via the southern port during the ten-month period, indicating a 16% increase in comparison with the similar span of last year.

Read more on Mehr News.

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Chilean fruit exports increased in 2018

Cherry exports amounted to 180,000 tons, which means shipments increased by 126%. Even though the table grape’s year was complex in terms of price, Fedefruta is expectant to see what happens in 2019, as the inventory of this fruit in the US has tended to normalize in the last few days, after months of a record overstock in said market.

“The value of fruit exports in 2018 exceeds 5.5 billion dollars FOB, the largest amount that our industry has achieved in an annual cycle,” said the president of...


India seeks ways to reduce logistics cost

The government is working towards bringing in an integrated mode of cargo transport to reduce logistics cost, Union minister of road transport, highways and shipping Nitin Gadkari said Thursday.

Launching Container Corporation of India’s (CONCOR) first-ever container transport through coastal shipping from Kandla in Gujarat to Tuticorin in Tamil Nadu through video-conferencing here, Gadkari recalled how people used to laugh at his dream of developing waterways and running cargo ships on the...


China’s export container transport slightly down

China’s container transport for export purposes lost steam in December over lackluster demand on some routes, according to data from the Shanghai Shipping Exchange.

The average China Export Containerized Freight Index stood at 849.69 points in December, down 0.5 percent from a month earlier, the exchange said in a statement.

Last year, the index averaged 817.8, slightly lower than an average of 820.47 points for 2017.

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Turkey’s 2018 exports hit record

Exports hit an all-time high with $168.1 billion in 2018, a 7.1 percent increase compared to the previous year. The largest contribution to exports came from the automotive, textile and steel industries.
Turkey’s exports reached an all-time high of $168.1 billion, a 7.1 percent year-on-year increase in 2018, supporting the decrease in the foreign trade deficit by 28.4 percent to $55 billion, Trade Minister Ruhsar Pekcan announced Friday.Revealing preliminary data at an annual export evaluation...


Rail volumes remain strong at Port of NY & NJ

Total volume of Port of New York and New Jersey for November 2018 was 583,880 TEUs (331,242 lifts) versus 566,519 TEUs (323,290 lifts) in November 2017, a 3.1% increase. Bringing Port’s YTD total to 6,570,398 TEUs. Import loads (TEUs) were up by 5.9% in November 2018 vs. November 2017, though export loads (TEUs) decreased 10.4% in November 2018 vs. November 2017. Export empties increased 9.3% totaling 164,584 TEUs in November 2018 versus 150,536 TEUs in November 2017.

Import loads for the month...


South Korea’s trade value hits record high in 2018

South Korea’s trade value hit a new record high last year as export topped 600 billion U.S. dollars for the first time in the country’s history, a government report showed Tuesday (1/1/2019).

Export, which accounts for about half of the export-driven economy, reached a record high of 605.5 billion dollars in 2018, according to the Ministry of Trade, Industry and Energy.

It was up 5.5 percent from the previous year, marking the biggest since the country began the outbound shipment in 1948.



India grows its exports amid trade war

Despite a global trade war, India managed to grow its exports in 2018 but high crude prices and rising domestic demand continued to inflate the trade deficit at a faster rate.

The year started with monthly trade deficit soaring to a 56-month high. By October, it had risen to more than $153 billion.

Despite reports of crippling capital inadequacy in the wake of the new Goods and Services Tax regime, double-digit export growth continued for half of the year.

Read more on Business Standard News.