Gokaldas Exports has reported an 85 per cent YoY revenue increase in Q2 FY25, with total income reaching ₹941.8 crore (~$111.6 million) and PAT at ₹28.2 crore, a 19 per cent rise. EBITDA grew 48 per cent to ₹82.4 crore (~$9.77 million), though margins declined by 222 bps to 8.7 per cent. H1 FY25 revenue surged 82 per cent to ₹1,881.5 crore (~$223.0 million), with PAT slightly down by 2 per cent YoY.

Apparel exporter Gokaldas Exports posted an 18.77% rise in consolidated profit at Rs 28.16 crore for the quarter ended September 30, mainly led by exports. The company had posted a net profit of Rs 23.71 crore for the same quarter a year ago.

Exports help strengthen India’s economy by increasing revenue but the rapid surge in exports poses multiple challenges to the sustainability of production, processing, and distribution systems

The total income stood at ₹941.8 crore, reflecting an 85 per cent increase from ₹509 crore and the EBITDA margin for Q2 was 8.7 percent

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In October, Russian companies delivered 2.16 tons of gold worth $124.6 million to China — a record amount since 2016. Yet, Russia remains a marginal supplier in the Chinese market that is primarily dominated by suppliers from Switzerland and Canada. Russia's gold exports to China doubled in physical terms in October compared to the same period last year, having reached 2.16 tons, the General Administration of Customs of the People's Republic of China said, RBC reports. It goes about raw or semi-finished forms of gold. Supplies in monetary terms also doubled up to $124.6 million. Judging by China's monthly statistics, these are the largest supplies since 2016.

The Committee on Customs and Tariff Regulation of the Russian Government decided to ban exports of durum wheat from the country from December 1, 2023 to May 31, 2024. In accordance with the proposal from the Ministry of Agriculture and the Ministry of Economic Development, a tariff quota was set on exports of main grains — wheat, barley, corn, rye — from February 15 to June 30, 2024. The quota amounts to 24 million tons; it does not apply to supplies to the countries of the Eurasian Economic Union (EAEU). Durum wheat is widely used for the production of pastas. According to Interfax, experts explain the decision to ban exports of durum wheat with a significant rise of such exports. The Russian Grain Union indicated that shipments of durum wheat in annual terms increased by almost 13 times from July 1 to November 10.

[Economy] :
Exports fell more than 17 percent year-on-year in the first ten days of November because there were fewer working days. According to preliminary data from the Korea Customs Service on Monday, the country’s outbound shipments reached 14-point-nine billion U.S. dollars during the cited period, down ...

[more...]

The Commerce Department will stop the shipments of chips made by Nvidia and other chip companies to customers in China as early as July, the report said.

The Seattle-headquartered firm has reached 1.25 lakh exporters through the programme, officially called Amazon Global Selling, since inception, the statement said. Of them, over 1,200 exporters had crossed Rs 1 crore in sales in 2022, it added. Toys saw the greatest growth among all product categories, witnessing over 50% growth year on year, followed by kitchenware at over 35%, beauty at over 25%, and luggage at over 20%, the firm said in the statement.

Cambodia’s apparel exports reached $2,285 million in the first three quarters of 2024, representing 30.19 per cent of total exports. Europe, the second-largest market, saw a decline compared to $2.82 billion in the same period in 2023. North America was the top market with 42.18 per cent. Total apparel exports were $11.26 billion in 2023, with Europe’s share fluctuating over recent years.

Sri Lanka’s garment exports reached $3,479 million in Jan-Sept 2024, a 4.0 per cent increase from the previous year. However, textile exports declined by 15.9 per cent, totalling $224.3 million. Imports of textiles and clothing rose significantly, with textiles up by 18.2 per cent. In 2023, garment exports dropped by 19 per cent to $4,440.6 million, and textile imports fell by 22.6 per cent.

Australia's apparel and clothing imports rose 3.43 per cent YoY to $3.368 billion in July-September 2024, despite a slight drop in September. Imports of textile yarn and related articles also increased by 4.11 per cent, while fibre imports fell 6.06 per cent. Exports of textile fibres saw a 7.69 per cent decline, continuing a downward trend from the previous fiscal year.

In the first nine months of 2024, US textile and apparel exports fell by 2.76 per cent to $17.363 billion, down from $17.856 billion in 2023. While exports to Mexico rose by 2.86 per cent, shipments to major markets like Canada, China, and the Dominican Republic declined. Apparel, fabric, and yarn exports all saw decreases. In 2023, exports fell by 5.02 per cent, following growth in 2022.

Turkiye’s apparel exports to Germany fell by 8.73 per cent to $1.92 billion in January–August compared to the same period in 2023. Despite this decline, Germany remained Turkiye's top apparel export market, accounting for 17.43 per cent of total exports. Trousers and shorts were leading export items, valued at $415.2 million. Turkiye’s overall apparel exports for Jan-Aug totalled $10.99 billion.

Bangladesh’s export earnings in October this year grew by 20.6 per cent YoY, fetching $4.13 billion. From July to October this year, exports grew by 10.8 per cent YoY to reach $15.79 billion. The readymade garments (RMG) sector contributed $12.81 billion to export earnings during the four-month period. In October, the RMG sector generated $3.30 billion in export revenues—a 22.8 per cent YoY increase.

The Philippines’ apparel exports are projected to reach $1 billion next year, backed by an expected boost from the FTA with South Korea expected to be effective in Q1, the Foreign Buyers Association of the Philippines said. It believes the FTA will attract South Korean players to set up units in its economic zones and domestic manufacturers can penetrate the zero-tariff Korean apparel market.

Against the backdrop of a lack of skilled labor, the food and beverage sector continues to invest in automated, efficient and stable processes. 

India's toy exports saw a slight decline to USD 152.34 million in 2023-24 from USD 153.89 million the previous year. Despite quality control orders, exports did not benefit much. GTRI Founder Ajay Srivastava suggested a more comprehensive strategy to develop the industry and boost exports.

Government initiatives, such as mandatory quality control orders and increased customs duties, have significantly boosted India's toy exports, but further efforts are needed, according to DPIIT Secretary Rajesh Kumar Singh. He mentioned ongoing efforts to include the toy sector in the production-linked incentive (PLI) scheme, with a proposed budget of Rs 3,489 crore, to enhance domestic manufacturing.

A US order to TSMC to cut AI chip supplies to China over Huawei sanctions won't cause problems for Apple. However, Taiwan's prohibition of TSMC producing 2-nanometer chips elsewhere could make an impact.

U.S. sanctions against Huawei has caused problems for TSMC over attempts by intermediaries to order certain AI-based chip designs on Huawei's behalf. From Monday, TSMC is suspending shipments of the AI-focused chips to China, on the orders of the United States.

The Department of Commerce imposed export restrictions of select chip designs that were intended to be shipped to China, an unnamed source of Reuters claims. The shipment ban, which kicks in from Monday, affects certain types of chips made with 7-nanometer processes or advanced designs, intended for AI or graphics processing.


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Transnet has said essential equipment, including rubber-tyred gantries and ship-to-shore cranes, will only arrive by the next peak fruit export season at the Cape Town Port.

There are strong prospects for Australian sheepmeat exporters, thanks to rising demand and reduced tariffs under Australia’s trade agreement with India.

New rule changes mean Australian dairy establishments exporting to Chile will no longer be required to undergo periodic in-country audits by Chilean officials.

Austrade’s assistance enabled Louis Dreyfus Company to get Australian cotton to Pakistani cotton manufacturers.

The TA is proposed to develop Bhutan's overall power dispatch options and strategies for domestic electricity consumption and international power trade. It will look into strategic views to maximize power export from various potential energy sources of hydropower, solar power, and wind power while meeting growing domestic electricity consumption.

The UK could face a £22bn hit to its exports if Donald Trump carries out his tariff threats, researchers say.

Exports of Ayush and herbal products for the first six months of the current fiscal has reported a 10.34 per cent growth, as compared to an almost stagnant exports reported in the same period of previous fiscal

India's pharmaceutical (!--ref1--) and medical technology exports are poised for continued growth, even amid global economic challenges, according to

The exports of drugs and pharmaceuticals from India are experiencing consistent growth, reflecting an increase of 8.36 percent to reach (Dollor) 2.31 billion in July of this year.

Sunil Barthwal, Secretary, Union Ministry of Commerce and Industry suggests that integrating into the global value chain could further increase India's pharma exports (!--ref1--).

Signalling a clear reversal of the earlier continuous decline in Indian exports, official data on Tuesday showed these grew for the second month in a row at $23.51 billion in October.

The U.S. Energy Information Administration (EIA) decreased its forecast for U.S. coal exports following the collapse of the Francis Scott Key Bridge and the resulting closure of the Port of Baltimore. In its April Short-Term Energy Outlook (STEO), EIA reduced its forecasts for U.S. coal exports for April by 33% and for May by 20% from previous forecasts.

U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million metric tons (MMmt) in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau. The rapid expansion of U.S. ethane and ethane-based petrochemical exports has been fueled by the growth in domestic ethane production, which has increased with the country's natural gas production and the buildout of export and production infrastructure.

U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.

On Monday, e-commerce company Amazon said Indian MSMEs and companies that form a part of its GSP or global selling programme have in aggregate exports crossed $2 billion. Started in 2015, the GSP initiative of the company allows India based

MPEDA looking to ramp up seafood exports into newer markets

This is the second FTA with Australia in this year and has a lot of potential for exporting finished products as they are largely a raw material and intermediate producing country: Piyush Goyal

Is there a demand-supply mismatch? Why is the government planning to offload buffer stocks? 

The association also urged APEDA to exempt imported raw cashew nuts from Food Safety and Standards Authority of India (FSSAI) clearance in customs.

India’s banana export destinations extend beyond the Middle East, with potential opportunities in major global players like the USA, Russia, Japan, Germany, China, the Netherlands, the UK, and France.

Traders are allowed to export this quantity till March 31

Centre has permitted 24,400 MT shipments to the country amid ban on exports ‘till further orders’; exporters allege selling price being set too low, triggering windfall profits for selected UAE importers

Centre allows export of 99,500 tonnes of onions from Maharashtra to six countries despite domestic ban

The decision assumes importance as it comes before the crucial Lok Sabha polls in key onion belts like Nashik, Ahmednagar and Solapur in Maharashtra