Logistics

EU agri-food trade surplus reaches $5.43 billion in April 2024, driven by higher prices and increased exports

Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil

EU, Singapore conclude negotiations for landmark Digital Trade Agreement

The agreement aims to build trust, ensure predictability for businesses, and remove barriers to digital trade

U.S. trade deficit declines 2.5 percent to $96.8 billion in June

Consumer goods imports rose 3.3 percent in June, reflecting solid domestic demand

Global business travel spending to reach $1.48 trillion in 2024, $2 trillion by 2028: Report

In 2023, the business travel industry had recovered approximately $675 billion of the $770 billion lost in 2020

Beijing foreign trade volume hits record-high $256.61 billion in H1 2024

Emerging industries stood out as key contributors to export growth in Beijing, accounting for 27.8 percent of city's total exports

Japan posts first trade surplus in three months in June at $1.4 billion

During the first six months of 2024, Japan’s trade deficit declined by more than half to $21 billion

Euro area international trade surplus hits $15.20 billion in May 2024

In the first five months of 2024, the euro area recorded a trade surplus of 84.9 billion euros

U.S. import prices remain unchanged in June following 0.2 percent drop in May

U.S. export prices fell 0.5 percent in June after declining 0.7 percent in May

Singapore Airlines passenger numbers rise 13.8 percent to 9.6 million in Q1 2024

Airline's load factor in June declined 3.2 percentage points month-on-month to 87.4 percent

South Korea’s car exports surge to new $37 billion high in 2024, driven by hybrid and electric demand

The number of cars exported totaled 1,467,196 units, up 3.2 percent over the same period

India’s exports rise 5.4 percent to $65.47 billion in June, set to reach $800 billion

India's goods trade deficit narrowed to $20.98 billion in June from $23.78 billion in May

South Korea’s average car export prices hit record high of $25,224 in H1 2024

The combined value of automobile exports in South Korea rose to $37 billion in the first half of 2024

South Korea’s ICT exports rise for eight consecutive month, reach $21.05 billion in June

ICT exports totaled $108.9 billion, the second-highest figure for the period

South Korea’s carriers see 29 percent surge in passenger traffic to record high 47 million in H1 2024

South Korea's passenger traffic will likely reach 100 million in 2024, exceeding the pre-pandemic level of 93.47 million in 2019

U.S. trade deficit rises 0.8 percent to $75.1 billion in May on weaker exports

Trade impacted the U.S. GDP in the first quarter, restricting the economy to a 1.4 percent annual growth rate

South Korea’s semiconductor exports hit record high of $13.42 billion in June

The country’s total exports reached $57.07 billion in June, a 5.1 percent annual increase

South Korea’s industrial output falls 0.7 percent in May, semiconductor gains offset by automobile declines

Retail sales and facility investment also lost ground during the same period

India’s new $9.14 billion mega port: A strategic trade gateway to Europe and the Middle East

The first of two construction phases is expected to be completed by 2029

Japan’s exports reach $53 billion in May amid weak yen, robust global demand

The country's trade deficit narrowed to $7.7 billion, down nearly 12 percent from a year earlier

EU to impose up to 38 percent in tariffs on Chinese battery electric vehicles

The EU will start applying provisional tariffs on imported Chinese electric vehicles by July 4

China’s exports grow 7.6 percent in May, supporting trade surplus growth to $82.62 billion

China’s crude oil imports saw little change from January to May 2024

U.S. trade deficit rises 8.7 percent to $74.6 billion in April

Exports saw a slight 0.8 percent increase to $263.7 billion with goods exports rising to $172.7 billion

Australia’s trade surplus recovers to $4.34 billion in April as imports fall 7.2 percent

Exports fell 2.5 percent driven by a decline in metal ores and minerals exports

South Korea records 8th straight month of YoY export growth, reaching $58.1 billion in May

Imports declined 2 percent year-on-year to $53.1 billion, resulting in a trade surplus of $4.96 billion