Exports

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Illustration depicting South Korea's Port of Busan with cargo ships exporting semiconductors amid record 29% export growth fueled by AI demand.
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South Korea's February exports jump 29% to record high on chip demand

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South Korea's exports rose 29% year-on-year in February to $67.45 billion, marking the highest level ever for the month. The surge was driven by growing demand for semiconductors amid the AI boom. The trade surplus reached a record $15.51 billion.

India's commerce ministry on Monday restored full duty benefits under the RoDTEP scheme for exporters affected by West Asia war disruptions, effective March 23, 2026. This reverses a February decision halving rebate rates amid fiscal constraints. The step supports exporters facing maritime trade volatility.

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South Korea's exports surged 50.4 percent year-on-year to $53.3 billion in the first 20 days of March, driven by strong semiconductor demand. Korea Customs Service data showed a trade surplus of $12.1 billion for the period.

The General Organization for Export and Import Control (GOEIC) has signed a cooperation protocol with the Egyptian Chamber of Apparel and Home Textile Industries (ECAHT) to improve testing and inspection services for textiles, ready-made garments, and technical apparel. The agreement aims to enhance product quality and boost the global competitiveness of Egyptian exports. It aligns with directives from the Ministry of Investment and Foreign Trade to support export-oriented industries.

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Egypt's Ministry of Agriculture and Land Reclamation announced that the Central Administration of Plant Quarantine has gained access to the Panamanian market for Egyptian citrus exports, marking a new step in expanding Egypt's agricultural trade presence in Latin America. Panama has officially approved imports of four Egyptian citrus products: oranges, lemons, mandarins, and grapefruits.

Egypt's Ministers of Investment and Foreign Trade, Industry, and Labour held two high-level meetings with key industry stakeholders to strengthen the competitiveness of the pharmaceutical and ready-made garments sectors, increase exports, and deepen local manufacturing.

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President Donald Trump announced an increase in temporary tariffs on US imports from 10% to 15%, following a setback from the Supreme Court. This global measure will affect key sectors of Colombian exports, such as coffee, flowers, and oil, according to AmCham Colombia's analysis. While some products may be exempt, nearly one-third of the export basket will face the additional surcharge.

 

 

 

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