Latest news with #exportgrowth
RNZ News
01-07-2025
- Entertainment
- RNZ News
NZ Game developers are confident of continued growth
Jacques Strydom looks at Counter Strike cases on his phone. Photo: RNZ / Luka Forman Game developers in New Zealand are confident of continued growth in the industry as it aims for $1 billion in export revenue by 2028. In the last week, the industry here has caught the attention of developers around the world as Grow a Garden - a game scaled up and developed by Nelson based Splitting Point Studios - hit 20 million players online. The national game development association says the sector is one of the country's fastest-growing creative industries, generating over $548 million in export revenue last year and 26% year-on-year growth. Kathryn is joined by Emma Procter, the Research Manager at PikPok, New Zealand's largest game development and publishing studio and Colm Kearney is General Manager of Startups at Creative HQ.
Zawya
01-07-2025
- Business
- Zawya
Egypt's textile exports jump to $493mln in 5 months
Egypt's textile exports increased by 7% year-on-year (YoY) to $493 million during the first five months of 2025, compared to $461 million, according to the Textile Export Council's statement. Hani Salam, Chairman of Textile Export Council, highlighted that the registered value accounts for 38% of the current year's target of $1.25 billion. Salam indicated that the sector's performance reflects resilience and relative stability despite global challenges. March and May saw the highest export values at $108 million each, followed by February and January with $97 and $96 million, respectively, he noted. The fabrics segment continued to lead the list of sub-sectors in terms of value, with exports reaching nearly $262 million, representing 53% of the total exports. Exports of the yarn and sewing thread sector hit around $105 million, followed by the technical textiles with $71 million, and fibers with $50 million. The council's chairman pointed out that Türkiye was the most prominent importing market for the sector, importing $206 million worth of products. This marks a growth rate of 26% and accounts for 42% of Egypt's total textile exports. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
South China Morning Post
24-06-2025
- Automotive
- South China Morning Post
China's BYD expands car-carrier fleet to bolster EV exports amid furious domestic competition
BYD , the world's largest electric vehicle (EV) maker, has taken delivery of two new car-carrying ships – the largest yet in a growing fleet – as it bets on export growth to counter brutal competition at home. The Shenzhen-based company took delivery of its sixth carrier, the BYD Changsha, which can transport 9,200 vehicles, on Tuesday, just three days after it received the Xi'an, another vessel with the same capacity. The company's six roll on/roll off vessels had a combined capacity of 45,600 vehicles, and another two ships with a combined capacity of 16,200 cars were due for delivery in coming months, BYD said. The Xi'an was put to work immediately; laden with 7,000 EVs, it set sail on Tuesday from Taicang, in eastern China's Jiangsu province, bound for European countries including Italy, the UK, Spain and Belgium, BYD said. 'The ships reflect BYD's resolve to achieve higher sales in markets outside mainland China, since it can enjoy a higher profit margin abroad,' said Chen Jinzhu, CEO of consultancy Shanghai Mingliang Auto Service. 'With car carriers owned and operated by the company, it can quicken its export pace and save ocean transport costs.' BYD exported 374,200 vehicles in the first five months of 2025, up 112 per cent from a year earlier. Exports accounted for 21.5 per cent of its total deliveries, compared with just 10 per cent in 2024. As its EVs are subject to a 27 per cent tariff in the European Union, BYD's most affordable model, the Dolphin Surf, starts at €22,990 (US$26,679) on the continent. In mainland China, the same model, known as the Seagull, starts at 69,800 yuan (US$9,726), or about 63 per cent less.
Zawya
23-06-2025
- Business
- Zawya
India's toy industry roars into global arena, eyes Middle East expansion via UAE Gateway
DUBAI, UAE – India's toy sector is rapidly reshaping the global landscape, propelled by strategic policy interventions including the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Fuelled by Prime Minister Narendra Modi's vision for local manufacturing and zero-duty access to the UAE market, India has witnessed a dramatic transformation: toy exports have soared by a remarkable 240% while imports have been halved in the past decade. This phenomenal growth positions India to aggressively push high-quality toys to the UAE and beyond, cementing its role as a global production powerhouse. The Toy Biz 2025 exhibition (July 4-7, New Delhi), featuring nearly 400 Indian brands and anticipating presence from Minister Piyush Goyal, offers a direct channel for international buyers to tap into India's evolving and inventive production prowess. "The UAE's zero-duty access gives Indian manufacturers like us a gateway into a high-potential, quality-conscious market," stated Pawan Gupta, Managing Director - RPH India and Middle East, and Head Convener of The Toy Association of India."This shift in India's toy exports isn't just encouraging—it's strategic. However, competing globally means more than just low cost—it means creating IP-driven toys, investing in child-safe innovation, and delivering on storytelling. The government has laid the foundation; now it's on us to evolve from contract manufacturers to brand creators. We must keep investing in R&D, build stronger brands and ensure that 'Made in India' stands for imagination, not just affordability." The domestic market, currently valued at USD 1.9 billion, is projected to reach USD 3 billion by 2028, underscoring India's ascent as a global leader in toy production. This momentum is further bolstered by regulatory oversight, strategic promotion of local manufacturing clusters, and significant investments from major global players who have established manufacturing bases in India, contributing substantially to local value addition. The industry's competitive edge is driven by lower labor costs, abundant raw materials, and efficient manufacturing infrastructure. New trends, including IoT-enabled toys and sustainability-focused practices, are further propelling the sector into future-ready territory, while exports continue to diversify geographically across the US, UK, Netherlands, Germany, and critically, the Middle East and Africa. In a concerted effort to accelerate this upward momentum, Invest India, in collaboration with The Toy Association of India (TAI), is proud to present the 3rd edition of the Global Toys CEO Meet on July 4th, 2025, at the Taj Mahal Hotel, New Delhi. This exclusive event, themed 'Innovate & Play,' will convene leading stakeholders, including domestic and global toy brands, senior government officials, and large-scale retailers. The Global Toys CEO Meet is an integral part of the 16th Toy Biz International B2B Exhibition, South Asia's largest toy fair, running from July 4th to 7th, 2025, at Bharat Mandapam, New Delhi. The consistent collaborative efforts between the Indian toy industry and the government are essential to firmly positioning India as a competitive alternative to established toy manufacturing hubs across Asia. About Invest India: Invest India is the National Investment Promotion & Facilitation Agency of India, working to facilitate investments and foster growth across various sectors. About The Toy Association of India (TAI): The Toy Association of India is a leading industry body dedicated to promoting the growth and development of the Indian toy sector through advocacy, networking, and industry initiatives.
Malay Mail
22-06-2025
- Business
- Malay Mail
Tengku Zafrul: Malaysia, US aim to seal tariff deal before 90-day clock runs out
KUALA LUMPUR, June 22 — Malaysia's discussions with the United States (US) Trade Representative and the US Secretary of Commerce on ongoing tariff-related negotiations have made good progress, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz He said both Malaysia and US representatives have expressed their intention to finalise negotiations before the expiry of the 90-day pause on tariff implementation, and agreed to intensify efforts to reach an agreement acceptable to key stakeholders in both countries. In a statement today, he highlighted that the US has been one of Malaysia's top three export markets over the past decade. 'In May 2025, exports to the US recorded the eighth consecutive month of double-digit growth,' he said. A significant share of Malaysia's exports to the US supports and complements US domestic industries in sectors such as electrical and electronics (E&E), semiconductors, medical devices, machinery, equipment, and parts. Malaysia also serves as a key supplier of intermediate goods to US-based manufacturing industries. 'MITI has remained steadfast in upholding Malaysia's interests in all trade and investment relations, particularly in safeguarding the integrity of Malaysia's domestic commitments and sovereign rights,' he added. He further stated that MITI anticipates the negotiations will help secure Malaysia's supply chains and deliver positive spillovers to local businesses, especially small and medium enterprises (SMEs), while also creating more high-paying jobs for Malaysians. 'These efforts will further strengthen Malaysia's position as a preferred investment destination in the region and drive the Madani economic transformation agenda towards becoming a high-tech, high-income nation,' said Tengku Zafrul. Tengku Zafrul led a working visit to Washington, US, from June 18-20, 2025. The visit focused on continuing US tariff-related engagement and negotiations with US Trade Representative Jamieson Greer and US Secretary of Commerce Howard Lutnick. He was accompanied by MITI's chief negotiator, the Deputy Chief of Mission from the Embassy of Malaysia, and MITI officials based in Washington. — Bernama
