A large fire broke out at the import-cargo section of Hazrat Shahjalal International Airport in Dhaka on 18 October, damaging storage areas that held raw materials, finished garments and crucial product samples destined for export. The blaze forced temporary flight suspensions and disrupted
China’s exports of rare earth magnets dropped by 6.1% in September compared to August, with volumes falling to 5,774 metric tons from 6,146 tons. This marked the end of a three-month growth streak. Year-On-Year Growth Despite the monthly dip, shipments were still 17.5% higher than the same month last year, highlighting continuing strong global demand […]
India’s merchandise exports to the United States fell 11.9 per cent year-on-year to about US $5.5 billion in September, according to rating agency CRISIL’s October report. In August, however, US-bound exports had grown around 7 per cent. Growth in non-US markets Shipments to non-US markets expanded 10.9 per cent in September, compared to 6.6 per […]
India’s defence exports reached a record ₹23,622 crore in FY25, marking a 12 percent rise over the previous year and representing a 34-fold increase compared to FY14 levels. Private Sector Leads Export Growth Private companies emerged as the main contributors, accounting for nearly 64.5 percent of total defence exports, amounting to around ₹15,230 crore. Public […]
Russia has announced a partial ban on diesel exports and an extension of its gasoline export ban through the end of 2025. The measures are aimed at prioritising domestic fuel availability amid supply pressures. Reason Behind Move The decision follows a series of Ukrainian drone attacks on Russian oil refineries, which disrupted refining operations and […]
India’s smartphone exports in August 2025 rose by 39% compared to August 2024, reaching USD 1.53 billion. This growth was driven largely by strong international demand. U.S. Shipments Double Exports to the United States more than doubled, climbing to USD 965 million from USD 388 million a year ago—a 148% increase. This highlights the U.S. […]
The United States recently imposed a 50% tariff on Indian goods, including shrimp, making Indian exports far less competitive in the U.S. market. This has prompted Indian shrimp exporters to seek alternate destinations to sustain their trade. China Emerges as New Destination Exporters are now turning to China, which is increasingly seen as a promising […]
India’s merchandise trade deficit eased in August 2025 to US$ 26.49 billion, showing an improvement compared to US$ 27.35 billion in July. The narrowing gap came despite both exports and imports recording a decline, highlighting the slowdown in global trade activity as well as domestic demand pressures. Exports & Imports Decline Exports in August fell […]
The exit of Western firms from Russia has opened space for Indian exporters to expand their presence. ITE Group CEO said the situation could help bilateral trade between India and Russia reach USD 100 billion in the coming years. Opportunities for Indian Exporters With Western companies pulling out, Indian firms, especially MSMEs, are finding opportunities […]
The Indian government has directed iron ore miners and exporters to increase production and cut domestic prices by half or face the possibility of an export duty or even a complete export ban starting 2 October 2025. The move comes after rising ore prices created difficulties for domestic steelmakers. Possible Export Duty The Finance Ministry […]















