Exports
South Korea's October exports rise 3.6 percent to $59.57 billion
South Korea's exports grew 3.6 percent in October, marking five straight months of gains, driven by robust semiconductor demand despite a dip in U.S. shipments. The country recorded a trade surplus of $6.06 billion as imports fell 1.5 percent. Government data highlights strong performances in chips and ships.
Egyptian Swiss Group invests $25m in pasta production expansion
Egyptian Swiss Group for Pasta, Milling and Concentrates announced plans to expand production capacity over the next five years with investments of $20-25m. The strategy aims to reach EGP 5bn in total sales by the end of 2025, including EGP 3bn from its pasta business. The announcement came during a celebration for World Pasta Day.
Venezuelan market opens to Egyptian fresh pomegranates
Egypt's Agriculture Minister Alaa Farouk announced the official opening of Venezuela's market to fresh Egyptian pomegranate exports, a step expected to boost export activity and diversify destination markets for enhanced sustainability. Farouk received a joint report detailing the Agricultural Quarantine Authority's efforts in technical negotiations with various countries on phytosanitary requirements for pomegranate shipments to Venezuela.
Egyptian service and export council discuss boosting fruit, vegetable exports to Kuwait
The Egyptian Commercial Service in Kuwait held an online meeting with the Agricultural Export Council to explore ways to increase Egypt's exports of fresh fruits and vegetables to the Kuwaiti market. This comes as part of efforts to expand the country's agricultural export footprint across Gulf markets. Participants highlighted the Kuwaiti market's importance as a key destination for Egyptian products.