Asian exporters gain momentum as Trump tariffs push
U.S. President-elect Donald Trump's proposed tariffs on Chinese products are expected to accelerate container import growth from Vietnam, Thailand and South Korea. These countries have already benefited from supply chain shifts since 2017 and are expected to reap further gains as companies diversify away from China. Also read: Global leaders warn of possible economic fallout from Trump tariff proposals Vietnam: a rising export powerhouse According to Linerlytica's report, Vietnam's container exports to the United States exceeded 2 million TEUs in the first 10 months of 2024, more than double the export volume in 2017. Data from the World Customs Organization showed a year-on-year increase of 41% in the second quarter of 2024, reflecting the continued shift of manufacturing to Vietnam. Factors driving this growth include Vietnam's well-educated workforce, competitive operating costs and improving diplomatic relations with the United States. These advantages make Vietnam a key player in the changing dynamics of global trade. Thailand: Strong growth in agricultural exports Thailand…
Sri Lanka Textile Exhibition provides a good platform for manufacturers, traders and exporters
Sri Lanka Textile Exhibition provides a good platform for manufacturers, traders and exporters The annual Sri Lanka Textile Exhibition will be held over three days at the Sri Lanka Convention and Exhibition Centre in mid-November. The organiser of this international exhibition is World Exhibition (India) Limited. The exhibition site is expected to cover an area of 10,000 square metres and will host over 10,000 trade visitors and more than 200 exhibitors. Sri Lanka has no textile raw material resources and its linkages with textile printing and dyeing are weak, 70% of raw and auxiliary materials rely on imports. In particular, the production capacity of fabrics is insufficient, and the vast majority of fabrics rely on imports. At the same time, Sri Lanka's textile and garment industry focuses on reducing carbon emissions and costs through green production. As the largest export industry with the largest number of employees and foreign exchange, the Sri Lankan government has always attached great importance to,…
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