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Daily News on Vape Industry October 27th, 2023

  1. In September, China exported approximately US$65.93 million of e-cigarettes to Germany, a decrease of 17.83% from the previous month and a decrease of 8.29% from the same period last year. The export volume was approximately 1,073 tons, an increase of 6.98% from the previous month and an increase of 69.44% from the same period last year. The export unit price was US$61.47/kg, a decrease from the previous year. A decrease of 23.18% and a year-on-year decrease of 45.87%.


  1. Redwan Rosli, secretary-general of the Malaysian Electronic Cigarette Chamber of Commerce, raised four major questions about Malaysia’s new tobacco control bill, believing that the bill may lead to the booming of the illegal e-cigarette market.


  1. The logistics and transportation costs of e-cigarettes exported to the United States and Europe have increased, ranging from 3 yuan to 10 yuan, with the highest rate being nearly 30%.


  1. The transport police in the Siberian region of Russia discovered smuggling activities during inspections and seized more than 7,000 unmarked e-cigarette products with a total value of more than 6 million rubles.


  1. According to information disclosed by the U.S. Securities and Exchange Commission, investment institution Yunqi Capital increased its position in Wuxin Technology stocks, an increase of 28.3% compared to the previous quarter, with a total investment value of US$8.35 million.


  1. The e-cigarette prevention publicity campaign organizedby the Cancer Council of Western Australia is officially launched. This campaign mainly educates teenagers to understand the health effects of e-cigarette use. The Western Australian government provided A$375,000 in funding for this project.


  1. Data from the Russian Statistical Service show that Russia’s tobacco production index fell by 18% in September 2023 compared with the same period last year.