Logistics

South Korea inks $2 billion agreement with Philippines to boost infrastructure projects in developing nations 

The deal stipulates that Korea will allocate $905 million from the fund for the construction of the initial segment of the Laguna Lake Road Network 

China’s international trade reaches $585.2 billion in August, 4 percent YoY growth

The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge

This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1

China’s industrial output sees $6.4 billion export growth in August 2024

The industrial output, a key economic indicator, increased by 4.5 percent YoY in August

India, Singapore elevate bilateral ties, ink four deals across key sectors

Singapore, with an investment of around $160 billion in the Indian economy, is a leading economic partner for India

EU approves $221 million subsidies to boost Germany’s offshore renewable energy infrastructure

New docking facilities on Germany's North Sea coast will handle heavy loads, including wind farm components

China’s international trade in goods, services up 12 percent to $593.9 billion in July 2024

For services, the value of exports was 228.8 billion yuan, while imports reached 367.1 billion yuan

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion

China’s industrial companies achieve $575.1 billion in profits in first seven months

The country’s major firms reported 4.1 percent profit increase in July alone

Sweden’s trade surplus grows to $640 million in July 2024

Non-EU trade surplus hit SEK 22.7 billion during this period

Vietnam ports’ cargo volume soars 16 percent to 501.117 million tons, TEUs reach 16.902 million in first seven months

Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July

South Korea’s mid-sized businesses hit $2.52 billion in Q2 profits on semiconductors and auto parts

The operating profits of automobile and auto parts businesses increased 18.9 percent during the same period

Euro area trade surplus hits $24.6 billion, driven by machinery and vehicles

Intra-euro area trade fell 5.9 percent in the first half of 2024, reaching EUR1,303.8 billion

Switzerland’s industrial production up 7.3 percent on manufacturing and construction

This growth rate represents the largest increase since the first quarter of 2021

South Korea’s ICT exports surge 32.8 percent to $19.4 billion on AI and mobile phones

Semiconductor exports skyrocketed by 49.0 percent to $11.23 billion

South Korea’s automotive exports down 9.1 percent, still hit $5.4 billion in July 2024

Hybrid vehicle sales surged by 56.6 percent year-on-year, reaching $980 million

Boeing reports 72 gross orders in July 2024, scoring sales win over Airbus

July's gross brought Boeing's order total so far this year to 228

Foreign airlines pull China services as domestic airlines expand networks internationally

Foreign carriers operated only 60 percent of pre-pandemic flights to China last month

China’s 1,000-km/h high-speed flying train completes successful full-scale test

The train may be deployed on commuter routes in mega-cities, reducing the Beijing-Shanghai travel time to 90 minutes

Brazil sets out vision to develop creative economy through training, investment and productive inclusion

The guidelines would promote the producer, audiovisual, copyright, and Brazilian handicrafts

China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds

The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period