Month: January 2023

Jan 07

Neuromorphic Chip Market share with latest trends, growth in size and research report to 2032 | IBM Corporation, Intel Corporation., Lockheed Martin Corporation, Qualcomm Technologies

The Global Neuromorphic Chip Market 2032 Industry Report is a professional and in-depth study on the current state of the Neuromorphic Chip Market by QMI. The Neuromorphic Chip Market is supposed to demonstrate a considerable growth during the forecast period of 2023 – 2032. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on Read Full Details…

Jan 07

US apparel imports continue to fall in November ’22!

After a steep fall of 14 per cent in October ’22, the USA’s apparel import values have continued to decline even in November ’22 on monthly basis as well as on yearly basis. As per the latest released data by OTEXA, the USA imported US $ 6.34 billion worth of apparel in the 11th month of 2022, down by 22.11 per cent over October ’22 when import value was US $ 8.14 billion. The imports are down even on Y-o-Y Read Full Details…

Jan 07

Boom in import-export between Vietnam- China

Vietnam’s vegetables and fruits in 2022 to nearly $3.4 billion. A representative of the Plant Protection Department predicted that fruit and vegetable exports to China will boom again in 2023. Meanwhile, Mr. Nguyen Van Long, Director of the Department of Animal Health under the Ministry of Agriculture and Rural Development disclosed that nine factories that have so far met the standards for export to China saw an increased growth of up to 50 percent. In November 2022, Vietnam also signed Read Full Details…

Jan 06

Bangladesh garment exports to US soar in 2022

American orders for apparel made in Bangladesh are growing faster than U.S. imports from clothes manufacturing giant China, according to data compiled by the United States Department of Commerce through the first 10 months of 2022. Garment exporters and economists said Bangladesh was luring buyers in the U.S. and the European Union who have cut back on purchases from China. They said relatively low costs, reliability and easy labor availability are among the reasons for U.S.-based buyers increasing orders from Read Full Details…

Jan 06

Year-to-date dairy exports in growth, imports ease

Exports:UK dairy exports have overall seen an uplift in the year to date (January – October) totalling 1.03 million tonnes, up 3.5% (35,200 tonnes) when compared with the same period last year. There has remained mixed performance across the key product categories with cheese showing an 18% uplift on last year, and whey, milk and cream also showing positive growth (8% and 6% respectively). However, declines were seen for the other categories; powders and concentrates by 15%; butter by 10%; Read Full Details…

Jan 06

India’s exports flat at $32 bn in Nov; trade deficit narrows to $23.89 bn

The country’s merchandise exports grew at a modest rate in November 2022 after a sharp fall in October, the latest data shared by the commerce ministry shows. India’s merchandise exports in November grew to $31.99 billion as compared to $31.80 billion in the year-ago period. India’s merchandise exports shrunk 16.7% year-on-year to $29.8 billion in October 2022. The country’s merchandise imports surged 5.3% to $55.88 billion as compared to $53.03 billion a year before. The merchandise trade deficit for the Read Full Details…

Jan 06

Penalty Amounts Increased for Import, Export, FTZ, Other Violations

The Department of Commerce is increasing for inflation the civil monetary penalty amounts that may be assessed for the following regulatory violations after Jan. 15, including when the associated violation occurred before that date. The DOC notes that the actual penalty assessed for a particular violation will depend on a variety of factors. For more information on export penalties and how to avoid them, please contact attorney Kristine Pirnia via email.

Jan 06

Australian coal industry says China market matters less than before, even if import ban ends

Australia would benefit from a lifting of China’s ban on its coal but any gains would likely be modest as miners have largely redirected supplies elsewhere, analysts said. Shares of ASX-listed coalminers shot up on Wednesday after reports China was considering lifting its restrictions on coal imports from Australia from April. The ban was imposed in mid-2020 amid deteriorating bilateral relations that have since begun to improve. nvestors pared back their expectations of a significant boon for exporters on Thursday. Read Full Details…

Jan 05

Global Elevator & Escalator Market is expected to elevate further at a CAGR of 6.11% during 2022-2027

Technology trends like artificial intelligence, intuitive elevator technology, Internet of Things and connectivity with 5G technology are expected to drive future market growth. Clifton, New Jersey, Jan. 03, 2023 (GLOBE NEWSWIRE) — Growth drivers for the global escalator and elevator market are the rising number of skyscrapers in major cities. These new premises demand multiple installations of elevators, whether residential or commercial. With the technological advancements made, smart elevators are also transforming into reducing energy consumption. The aging population residing Read Full Details…

Jan 05

Marcos secures $2-B fruit export deal with China

MANILA – President Ferdinand R. Marcos Jr. on Thursday increased fruit export opportunities for the Philippines by securing a USD2 billion deal with China to step up imports of high-value Philippine agricultural products. Marcos highlighted the country’s agriculture sector’s vast economic potential, which is seen “at the forefront” of the post-pandemic economic recovery strategy. The Philippine Department of Agriculture (DA) and China General Administration of Customs signed an agreement for the protocol of phytosanitary requirements for the export of fresh Read Full Details…