The South Korean government plans to achieve a $701 billion export target in 2024, representing a 10.8% growth. It aims to consolidate markets in the US, China, and ASEAN while diversifying exports to Europe and the Middle East. The plan addresses geopolitical challenges and supports SME exports.
In 2023, Indias LNG imports increased to 22.2 million tons, an 8% increase. Qatar, the United States, and the United Arab Emirates became the main suppliers, and Russian supply was scarce.
The bilateral trade relations between Ireland and China have witnessed significant growth, and the two sides have demonstrated great cooperation potential in multiple fields. Especially in the agricultural and livestock food sector, Irelands exports to China have been continuously increasing, indicating the huge demand of the Chinese market for Irish products. With the deepening of trade exchanges between the two countries, the scope of cooperation is constantly expanding, heralding broad prospects for cooperation.
In 2023, the export trade in Latin America and the Caribbean region increased, and China became its largest trading partner. The bilateral trade volume increased by 6.8% year - on - year, and investment cooperation continued to deepen. The Latin American region has made new progress in trade facilitation, and the diversity of export products has increased. Looking ahead, Latin American countries will strengthen the development of industrial clusters and enhance their international trade status.
Facing an economic recession, Germanys GDP slightly decreased by 0.3% in 2023, and its foreign trade shrank by 1.4%. Both exports and imports declined. Although it maintained a trade surplus, the pressure on foreign trade increased.
Red Sea Crisis Severely Impacts Korean Auto and Petrochemical Exports: Renault Koreas Auto Exports Plummet 90%, Ocean Freight Rate Hike Warning, Korean Companies Face Logistics Challenges and Cost Pressures.
Bangladesh becomes worlds second-largest apparel exporter, with 2023 US exports doubling, denim industry surpassing China, as non-traditional markets and China-Bangladesh FTA negotiations accelerate.
In 2023, photovoltaics, wind power, and new energy vehicles became the main drivers of Chinas non-ferrous metal consumption growth, with significant increases in copper, aluminum, and zinc consumption, and investment growth reaching a decade-high.
Shanghais 2023 foreign trade import-export volume grew slightly by 0.7%, electric vehicle exports exceeded 100 billion, exports to Hong Kong surged significantly, and the new three products became new growth highlights.
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PSB Record: Shanghai No.31011502009912
