EXPORTS
China's rare earth export value surges 46.4% to $584.3 million despite decline in volumes
China's exports of rare earth ores and metals increased significantly in value during the January to October 2026 period. Despite the value increase, export volumes saw a decline of 8.7 percent in the same timeframe. China's export value for refined petroleum products also rose sharply, while quantities fell slightly during these months. In contrast, the export of fertilizers experienced a notable decline both in value and volume.
India blocks battery waste exports to recover more lithium, nickel and cobalt at home
India has enforced a ban on exporting lithium-ion battery black mass to promote local recycling initiatives. The prohibition aims to ensure that valuable materials from battery waste remain accessible for domestic refiners. This regulation will help reduce reliance on imported materials essential for battery manufacturing. Furthermore, the decision addresses the capacity issues faced by local recycling facilities in processing battery waste.
Govt bans export of unsorted battery waste, scrap
The government has implemented a ban on the export of unsorted waste and scrap from certain batteries. This ban applies specifically to primary cells, batteries, and electric accumulators lacking hazardous substances. The Directorate General of Foreign Trade issued a notification establishing this prohibition, which is effective immediately. Previous regulations classified these exports as 'Free', but now they are categorized as 'Prohibited'.
India garment makers rethink reliance on US after tariff shock
Many Indian companies are reconfiguring their export destinations, and their exposure to the US, in light of the tariff shock, in a move that is likely to strengthen New Delhi's hand in its trade negotiations with Washington, and potentially reduce India's vulnerability to US pressure over time.
India drawing up list of export snags in South Asia
India is identifying regulatory and market-access barriers in seven South Asian countries to expand exports and reach its $1-trillion target. Merchandise exports to these markets fell 1.3% to $25.7 billion in FY26. The government is examining certification delays, tariffs and product standards while exploring opportunities in chemicals, pharmaceuticals and textiles.
India well on track to achieve $1 trillion exports target for FY27: Piyush Goyal
Commerce Minister Piyush Goyal said India is on track to achieve its $1 trillion goods and services export target in FY27, having already recorded nearly $480 billion in exports during April-September. He highlighted opportunities from free trade agreements, particularly the proposed India-EU pact, for the automobile and mobility sectors. Goyal urged manufacturers to expand globally, boost competitiveness and leverage international partnerships to drive exports, investment and employment.
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China's trade surplus surpasses $1 trillion for a 2nd straight year, as exports surge 35%
Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos.
Recent Ukrainian attacks have reduced Russia's oil processing capacity by 30%, sources say
Ukraine's attacks on Russian oil refineries add to Moscow's difficulties in addressing domestic fuel shortages as it ships diesel to international markets under an export deal with US President Donald Trump.
Endless wars must give way to end of war: MEA emphasises PM Modi's message on India's engagement with Russia, Ukraine
India has conveyed proposals to Russia and Ukraine aimed at restoring peace in the region. These ideas include ensuring the safety of commercial shipping in the Black Sea and addressing energy and grain export concerns. Prime Minister Narendra Modi discussed the conflict with Ukrainian President Volodymyr Zelenskyy, emphasizing the need for dialogue. Subsequently, External Affairs Minister S Jaishankar engaged in conversations with Russian Foreign Minister Sergey Lavrov.
Jensen Huang row gives US lawmakers fresh ammo on chip controls
Members of the US Congress have urged for for tighter congressional oversight of advanced chip exports to China and legislations mandating companies to track chips to tackle smuggling.
China’s trade surplus tops $1 trillion for second straight year as exports surge
China's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 35.2% year-on-year, while imports grew 41.6%, narrowing the monthly surplus to $105.3 billion. Strong overseas demand is supporting exports, but weak domestic consumption and rising trade tensions pose risks to the outlook.
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
India extends Halal certification for meat exports to Egypt
The government has extended the implementation of the mandatory i-CAS-Halal for meat exports to Egypt by three months. This extension aims to facilitate the accreditation process of Egyptian Halal certification bodies. Additionally, the government specified that the Certificate of Inspection for rice exports is limited to certain European countries. Exemption from this requirement will continue until April 2027 for other European nations.
Piyush Goyal meets Skoda Auto Volkswagen India CEO; talks focus on EV push, exports
Commerce Minister Piyush Goyal met a delegation led by Škoda Auto Volkswagen India CEO Piyush Arora to discuss expanding automobile exports, strengthening domestic manufacturing, accelerating EV production and increasing localisation.
India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBC
India's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending. The report from HSBC highlights that funds to the commercial sector have risen significantly compared to previous years. Additionally, rising services exports have helped maintain a steady current account deficit in the economy. However, challenges such as weak rural demand and inflation continue to impact households and corporate margins.
Nvidia controversy stokes export scrutiny risks for South Korean chipmakers
Samsung Electronics and SK hynix could experience greater export compliance challenges due to Nvidia's scrutiny over AI chips. US authorities have not announced new regulations yet, but potential measures might emerge. Chief Executive Jensen Huang's personal matters have spurred investigations into Nvidia's business dealings. A closed-door inquiry is scheduled to review security frameworks and contacts with foreign entities.
India’s oilmeal exports fall 28.5% as cheaper Brazilian, Argentine soymeal squeezes shipments
India's oilmeal exports fell 28.51% year-on-year to 12.82 lakh tonnes in April-August FY27, dragged by a 73% plunge in soybean meal shipments. Higher domestic demand, Red Sea shipping disruptions and elevated freight costs added pressure, while cheaper supplies from Brazil and Argentina eroded India's competitiveness in global markets.
Who is Alice Huang, Chinese exec accused of spying on Nvidia CEO?
Alice Huang, a citizen of China, stands accused of espionage for Beijing through her romantic connection with Nvidia's Jensen Huang. Reports suggest she played a pivotal role at Megaspeed International, a data center firm, allegedly gathering intelligence on Jensen following the disclosure of their relationship. US authorities are scrutinizing Megaspeed for possibly violating chip export regulations. Both Alice and Megaspeed firmly reject these allegations as investigations continue.
Iraq reaches US understanding to resume oil exports through Strait of Hormuz, says foreign minister
Iraq has reached an understanding with the US to allow its oil exports through the Strait of Hormuz using a shipping lane near Oman, Foreign Minister Fuad Hussein said. Iraq's losses from the Iran war and disruptions to oil shipments have reached $60 billion. Exports recovered to 3.5 million bpd in October.
Asia Rice: Vietnam, Thai rice prices hit near two-year highs as India slips
Vietnam and Thailand are experiencing a dramatic rise in rice export prices, reaching their highest levels in almost two years. This surge is predominantly fueled by supply uncertainties and increasing demand, notably from the Philippines.
Gokaldas Exports Q2 profit surges 410% to Rs 41 crore on favourable base, revenue up 13%
Gokaldas Exports reported a 410% year-on-year rise in Q2 FY27 net profit to Rs 41 crore, supported by growth in India and Africa operations, improved product mix and productivity gains. The company also reduced its net debt.
China's rising yuan squeezes exporters, raises concerns over jobs and growth
China's strengthening yuan is squeezing exporters' profit margins, raising concerns over job losses, weaker exports and slower economic growth. Beijing faces a policy dilemma as international pressure to let the currency appreciate clashes with domestic manufacturers' need for a competitive exchange rate.
Gokaldas Exports Q2 net profit jumps 410% to ₹41 crore
Gokaldas Exports reported a 13% year-on-year rise in Q2FY27 consolidated income to ₹1,135 crore, while net profit surged 410% to ₹41 crore. EBITDA grew 52% to ₹127 crore, with margins expanding 287 basis points to 11.2%, supported by a stronger product mix, productivity gains and better execution.
RBI eases forex rules for services exports and imports
The changes form part of the Foreign Exchange Management (Export and Import of Goods and Services) which came into effect from October 1, 2026. Under the amended regulations, a resident individual exporting services will be deemed to have submitted the Export Declaration Form, or EDF, once the individual provides the authorised dealer bank with the information required to credit the payment to the exporter's account. No transaction-value threshold has been prescribed for resident individuals.
India may reimpose broken rice export restrictions as prices cross $360 per tonne: IREF
India may reimpose restrictions on exports of 100% broken rice as international prices cross $360 per tonne and domestic demand from ethanol manufacturers and poultry-feed producers increases, the Indian Rice Exporters' Federation (IREF) has warned. No fresh curbs have been announced so far.
India eases forex reporting rules for small value service exports, imports
The Reserve Bank of India has eased foreign exchange reporting rules for services exports and imports, reducing compliance requirements for resident individuals and setting a ₹1 million threshold for certain transactions. Resident individuals exporting services will be deemed to have filed export declarations after submitting payment details to banks, while reporting obligations for larger transactions and non-individual entities will continue.
China's factory activity slows on weaker export orders
China's factory activity showed signs of slower growth for the first time since July. The RatingDog China manufacturing purchasing managers index dropped to 52, reflecting a slight decline from September. Even as output increased, new export orders experienced a decline to a three-month low. Business confidence also weakened, with average export charges falling for the first time in nearly a year.
Commerce ministry sets up committee for better utilisation of RELIEF initiative for exporters
The commerce ministry has established a six-member committee to enhance the RELIEF initiative for exporters. This initiative aims to mitigate challenges posed by rising freight costs and insurance premiums. The committee includes officials from various government departments working to improve fund utilization. It will assess the implementation of the initiative and recommend measures for better uptake. The overall goal is to support exporters during trade disruptions in crucial regions.
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