Several countries have released their latest import and export data. Which country has the fastest growth?

Issuing time:2024-07-19 Author: Back to list

Recently, many countries around the world have released their latest foreign trade data. How are the foreign trade situations in these countries? Let's find out!

China

Goods trade exports in the first half of the year increased by 6.9% year-on-year

In the first half of the year, China's total goods trade value reached 21.17 trillion RMB, an increase of 6.1% year-on-year. Exports amounted to 12.13 trillion RMB, growing by 6.9%, while imports totaled 9.04 trillion RMB, rising by 5.2%. The trade surplus was 3.09 trillion RMB, expanding by 12%.

South Korea

Exports Achieve Ninth Consecutive Month of Growth in June

According to data released by South Korea's Ministry of Trade, Industry and Energy, South Korea's exports in June increased by 5.1% year-on-year, reaching $57 billion, marking the ninth consecutive month of growth. Imports in June fell by 7.5% year-on-year to $49 billion, resulting in a trade surplus of $8 billion. South Korea has maintained a trade surplus for 13 consecutive months.

Vietnam

In the first half of the year, exports increased by 14.5% year-on-year

In the first half of this year, Vietnam's exports increased by 14.5% year-on-year, while imports rose by 17%. The trade surplus reached $11.63 billion. The continuous rapid growth in exports and the expanding trade surplus have ensured a balanced international payments situation.

Malaysia

Exports Increased by 7.3% Year-on-Year in May

In May, Malaysia's exports totaled 128.2 billion MYR, representing a 7.3% increase. The top three export markets were Singapore, the United States, and China, with major export products including electronics, petroleum products, and chemicals. Imports amounted to 118.1 billion MYR, up 13.8%, with China, Singapore, and the United States as the top three import sources. The main import products were electronics, petroleum products, and machinery and parts. The total trade volume reached 246.3 billion MYR, a 10.3% increase year-on-year, reaching the highest level in nearly 20 months.

India

In May, India's goods exports grew by 9.1% year-on-year

The Ministry of Commerce and Industry of India has released data showing that in May, India's total goods exports were valued at $38.132 billion, marking a year-on-year increase of 9.1%. The total value of goods trade grew by 8.2% year-on-year, with a trade deficit of $23.782 billion, an increase of 5.6% from the previous year. In May, the export value of service trade was $30.16 billion, up 11.7% year-on-year. The total service trade value increased by 10.7% year-on-year, with a service trade surplus of $12.88 billion, an increase of 15.9% compared to the previous year.

Thailand

May Exports Reach Highest Level in 14 Months

According to data released by the Thai International Trade Policy and Strategy Office, Thailand's exports reached $26.219 billion in May, an increase of 7.2% year-on-year, marking the highest export level in 14 months and continuing a positive growth trend for two consecutive months. Meanwhile, imports totaled 947.007 billion Thai baht, a decrease of 1.7% compared to the previous month. From January to May, Thailand's cumulative exports amounted to $120.9 billion, up 2.6% year-on-year, while imports reached $125.9 billion, a 3.5% increase.

Cambodia

Exports Increased by 12.6% Year-on-Year in the First Half of the Year

According to the report released by the General Department of Customs and Excise of Cambodia, in the first half of this year, Cambodia's exports totaled $12.296 billion, an increase of 12.6% year-on-year. Imports amounted to $13.796 billion, up 12.8% year-on-year. The total international trade value reached $26 billion, a growth of 12.7%.

Pakistan

In May, goods exports increased by 27.08% year-on-year

The Trade Development Authority of Pakistan's report shows that in May, Pakistan's goods exports totaled $2.792 billion, marking a 27.08% year-on-year increase. Exports from the textiles and leather industries amounted to $1.645 billion, up 17.6%. The agriculture and food sector also saw significant growth, with exports reaching $642 million, a 44.8% increase.

In May, goods exports increased by 3.7% compared to the same month last year

According to data released by the U.S. Census Bureau, in May 2024, the total value of U.S. goods trade was $455.988 billion, a 4.1% increase compared to the same month last year. Of this, the value of goods exports was $173.124 billion, up 3.7% year-on-year, while goods imports totaled $282.864 billion, up 4.3% year-on-year. The goods trade deficit widened by 5.3% to $109.740 billion.

Brazil

Exports Reach Record High in the First Half of the Year

According to GloMarket data, in the first half of this year, Brazil's exports reached a record high of $167.4 billion, with a trade surplus of $42.3 billion. In June, Brazil's exports fell to $29.04 billion, compared to an expected $27.7 billion. Imports in June increased to $22.33 billion, versus an expected $22.54 billion.

Slovenia

Exports to Non-EU Countries Up 10.7% Year-on-Year in May

According to data released by the Statistics Office of Slovenia, Slovenia's exports in May totaled €5.04 billion. Exports to EU member states amounted to €2.59 billion, a decrease of 4.4% year-on-year. In contrast, exports to non-EU countries reached €2.45 billion, marking a 10.7% increase year-on-year. Within the growth in trade with non-EU countries, processing trade accounted for the majority.

Mexico

Exports Increased by 5.4% in May, Reaching a Record High

Data released by Mexico's National Statistics Institute show that in May, Mexican product exports grew by 5.4% year-on-year, reaching a record $55.67 billion. Imports amounted to $53.67 billion, a 1.4% increase year-on-year. In May, Mexico achieved a trade surplus of $1.99 billion. For the first five months of this year, cumulative exports grew by 4.4% and imports by 3.4%.