Global Trade News Archives - Page 3 of 14 - Market Inside - AI-Powered Global Trade Intelligence Platform

March 17, 2025 0Comments 99Views

Saudi Arabia: Vision 2030 to FIFA 2034 – A Growth for Country’s Economy

Over the years, Saudi Arabia has implemented several steps to make the country a destination for foreign tourists and diversify its economy from the oil-based to other segments. To achieve this, they set an ambitious goal: Vision 2030. This goal aims to reduce the country’s reliance on oil and develop various sectors such as tourism, entertainment, and technology. It has transformed the country into a global hub for investment, trade, and innovation. To boost and strengthen its ambitious goal, Vision 2030, Saudi Arabia has successfully bid to host the FIFA World Cup of 2034. Hosting this mega event, where millions are expected to come, will present a platform to showcase Saudi’s cultural heritage, modern infrastructure, planned cities, state-of-the-art stadium, business-friendly

March 12, 2025 0Comments 144Views

Hong Kong Exports Surge in 2024, Fuelling Economic Growth

Hong Kong, a global financial hub and vibrant international trade center, has long been known for its robust export sector and dynamic economy. As one of the world’s busiest ports, Hong Kong serves as a gateway for commodities entering and leaving China and the broader Asia-Pacific region. The country recorded significant export growth in 2024, particularly in industries such as electronics, machinery, textiles, and high-value services like finance and logistics. Let’s talk about Hong Kong’s exports, its economy, and its budget for 2025-26. Economy Outlook in 2024 Export Growth: Total goods exports increased by 4.5%. Moderate growth: The economy grew by 2.5% despite global challenges. Investment increase: Overall investment expenditure grew by 2.4%. Tourism boost: Visitor numbers rose by 30%

March 8, 2025 0Comments 205Views

Red Sea Attacks Sparking Global Trade Disruptions

The world of trade saw headwinds in 2024. The beginning of 2024 went downhill for global trade as disruptions affected two most vital shipping routes- attacks on vessels in the Red Sea area reduced traffic through the Suez Canal- the shortest maritime route between Asia and Europe via which about 15% of global maritime trade volume has passed. This has resulted in damage and danger in several trade routes. Let us see how this began and escalated. Significance of Suez Canal & Red Sea The Suez Canal, a manmade waterway in Egypt serves as a vital shortcut for global trade that minimizes travel time between Europe and Asia which improves efficiency, lowers fuel costs, and enhances international commerce. On the

Indonesia Seeking Greater US Market Access for Its Fish Products

March 4, 2025 0Comments 166Views

Indonesia To Increase Trade with US for Fish & Seafood Products

Imagine the vast potential of Indonesia’s rich marine resources getting even more access to the US market, establishing the US as the largest importer of Indonesian seafood products. This makes the US, Indonesia’s most crucial seafood export destination, consistently absorbing the largest volume of their marine products, highlighting tremendous trade opportunities. This dominant position presents a billion-dollar seafood market in America and other countries. By focusing on quality, and adapting to evolving consumer preferences, Indonesian exporters can further solidify their market position as the leading supplier of marine resources. The strategic partnership with the US ensures a prosperous future for Indonesian seafood exports. Let’s understand the market trend – Indonesia Seafood Trade with Top Export Partners Indonesia is among the

March 3, 2025 0Comments 149Views

Five Critical Dairy Export Developments to Follow in 2025

The United States dairy industry reported ups and downs in exports to the world over the last five years. Market Inside data shows in 2024, US exports of dairy products totaled USD 6,762 million, marginally increased from USD 6,661 billion recorded in 2023. What are the demand and supply factors to create conditions that foster or discourage U.S. dairy exports in 2025? This article will give you the answer. Global trade is always surrounded by positives and negatives developed by market situations. 2025 will not left behind as the year has already started with a hike in U.S. tariffs. Here are five critical dairy export developments to follow in 2025. Will China again import dairy products from the US? While

China Steel Export Reach Record High In 2024

February 10, 2025 0Comments 239Views

Why Surge in China’s Steel Export – A Concern for Global Market?

The iron and steel industry has been the cornerstone of the development process for centuries, providing an essential core base of progress from buildings and bridges and automobiles to appliances. To understand this growth potential, China has become the undisputed king in the global Iron and Steel industry. This happened due to China’s abundant iron ore reserves, cost-effective labor, government support, and other major policies. Due to these efforts, and capability, China’s Iron and Steel supply reached an 8-year high in 2024 with a 20% increase in value. Let’s dive deep into Iron and steel supply – Read: China and Australia trade China’s Steel Products: A Rising Growth Trajectory There is no doubt that over the years, China has developed

November 26, 2024 0Comments 299Views

China and Australia to Boost Bilateral Trade – Signs Avocado Agreement

Australia’s avocado trade association signed a memorandum of understanding with China’s trade body at the China International Import Expo in Shanghai. What is this agreement? Well, this agreement signifies an advancement for the superfood to obtain access to the Chinese market. China is Australia’s largest trade partner both in imports and exports. Here are some quick facts and stats about China-Australia bilateral trade and their avocado agreement. The agreement between Avocados Australia and the China Chamber of Commerce on the Import & Export of Foodstuffs, Native Produce & Animal By-Products will seek to enhance cooperation and technological exchanges. Amid the warming ties between both countries, Australian businesses have set up over 250 booths, including wine, lobster, avocado, and healthcare products,

Would Trump’s Coming to Power Affect Trade and Its Consumer Market?

November 26, 2024 0Comments 355Views

Donald Trump 2.0: A Universal Threat or An Opportunity for Global Trade

The US economy dominates the global supply and financial market with its strong manufacturing ability and dollar acceptance worldwide. Its robust economy is driven by innovation, advanced technology, and vast resources. The dollar’s acceptance as the world’s reserve currency allows the US to set and regulate global trade. Donald Trump’s return to power as the 47th president of the USA has ignited a hot debate on protectionism and economic strategy. Under his leadership, the USA is about to impose a 10-20% tariff on all foreign goods coming to the USA and a 60% tariff on Chinese goods. This may benefit domestic manufacturers in the USA but affect the trade flow and international relationships. The question is, how does this approach

BRICS 2024: An Economic Order for Global Business

November 14, 2024 0Comments 413Views

BRICS 2024: A New Economic Order for Emerging Economies

Recently, BRICS, a group of five countries, gathered in Russia’s Kazan region to discuss alternative financial mechanisms, economic cooperation, multilateralism, and global governance. This alliance emerged in the early 2000s to strengthen the power of developing nations and reduce reliance on Western countries. The group covers more than 40% of the global population and accounts for around 35% of the world’s GDP. The growing group influence threatens Western economic supremacy, signalling a shift towards a more multipolar world economy and a redefined global power balance. Let’s understand this – BRICS: An Export Destination The BRICS countries collectively have a major export potential due to their rich natural resources, manufacturing potential, and diversified economies. China and India are leading BRICS members in

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