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Stronger local harvest drives down Philippine rice imports by 21%. (Photo: businessmirror.com.ph)

🔥 Philippines' rice imports drop nearly 21% in five months

Despite this downturn, the United States Department of Agriculture (USDA) projects that the Philippines will remain the world's leading rice importer in 2025, with imports expected to rise to 5.4 million tonnes, and further increase to 5.5 million tonnes in 2026.
The state budget revenue from import-export activities tops 306 trillion VND during the first nine months of 2024, up 13.5% year on year (Photo: VNA)

ꦦ Budget revenue from import-export activities up 13.5%

State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.
Illustrative photo (Photo: Bangkokpost.com)

🌞 Thailand’s cross-border trade posts positive growth in July

Thailand's border and cross-border trade continued its upward trajectory in July, reaching 158.1 billion THB (4.69 billion USD), up 21.7% year on year and marking the fourth consecutive month of expansion, said the Department of Foreign Trade under the Commerce Ministry on September 5.
The World Trade Organization has forecast a 2.6% growth in world merchandise trade for 2024, a substantial rise from negative 1.2% recorded in 2023. (Freepik pic)

Malaysia’s January-July trade up 9.8%

Malaysia’s January-July 2024 trade grew by 9.8% year-on-year (y-o-y) to hit 1.652 trillion RM (373 billion USD), the highest value recorded for the period, said the Ministry of Investment, Trade and Industry (Miti).
India’s trade deficit with ASEAN widens

India’s trade deficit with ASEAN widens

India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
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