India to Benefit from Over $4 Decline in Global Oil Prices
India is set to benefit from the decline in global oil prices, which has dropped by over USD 4 a barrel. This significant reduction in oil prices will have a…
Turkey’s Steel Exports Surge 49.4% Year-Over-Year in January-April Period
Turkey has seen a significant surge in steel exports, with a 49.4% year-over-year (y/y) increase in the January-April period. This growth is attributed to strong demand from key markets such…
Slower Start to Asian Onion Exports Amid Weather and Logistical Issues
Asian onion exports have experienced a slower start to the year, with exports from India, China, and Pakistan all below expectations. India, the world’s largest onion exporter, has seen exports…
Weaker Global Beef Production to Support Prices in Second Half of 2024
Weaker global beef production is expected to support prices in the second half of 2024, according to a recent report. Global beef production is anticipated to contract in the second…
US Trade Deficit Widens to Largest in 18 Months, Reaching $74.6 Billion in April
The US trade deficit has expanded to its largest in 18 months, reaching $74.6 billion in April. This marks a significant increase from March’s revised figure of $68.6 billion. The…
US Trade Gap Widens to Largest in 18 Months, Reaching $74.6 Billion in April
The US trade gap has widened to its largest in 18 months, reaching $74.6 billion in April. This marks a significant increase from March’s revised figure of $68.6 billion. The…
Japan Approves Taiwanese Red Dragon Fruit Imports After Eight Years of Negotiations
Japan has approved the import of Taiwanese red dragon fruit after eight years of negotiations. The Ministry of Agriculture, Forestry and Fisheries in Japan issued an official notice allowing the…
Turkey’s Scrap Metal Imports Surge to 6.83 Million Tons in January-April Period
In the January-April period, Turkey increased its scrap metal imports to 6.83 million tons, up 2.5 percent compared to the same period in the previous year. The value of these…
Government Aims to Reduce Urea Import Dependency and Boost Halal Export to Drive Economic Growth
The government has set its sights on reducing the country’s dependency on urea import by increasing domestic production and promoting export of halal products. To achieve this goal, the authorities…
How AI Can Help Customs and Businesses Navigate the Disruption of Digitalization in Global Trade
Digitalization is transforming global trade, presenting both opportunities and challenges for customs and businesses. The rapid advancement of artificial intelligence (AI), blockchain, Internet of Things (IoT), and cloud computing has…