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Tag Archives: export

Export, import activities at Onne command, rises, says Customs

ONNE: Facts have emerged that the revenue profile of the Nigeria Customs Service, Onne command is presently experiencing tremendous increase through import and export duties on goods. President Importers Association of Nigeria (IMAN), Dr. Ralph John dropped this hint yesterday in Abuja during an interaction with a cross section of the media where he stated that as a result of ... Read More »

Turkish steel billet import, export, domestic prices all increase

ANKARA: Turkish billet import prices have increased as CIS suppliers raised their offers and secured at least one deal, sources said on Thursday October 13. Metal Bulletin’s weekly price assessment for billet imports into Turkey was $330-335 per tonne cfr, up from the $316-333 per tonne of last week. Read More »

Iran doubles oil production, export

TEHRAN: Iran has doubled production and export of crude oil and its derivatives compared to the period the country was under sanctions, Minister of Petroleum Bijan Zangeneh said on Saturday. Speaking at the Conference on JCPOA and Resistance Economy, Zangeneh noted that the world market has accepted Iran to claim its natural right to guarantee its due share of oil ... Read More »

Northern Ireland firms arrive in Canada on mission to boost exports to region

DUBLIN: A group of Northern Ireland firms which make everything from airplane parts to packets of peanuts have just arrived in Canada to sell their wares to the giant north American economy. They’re part of a nine-company-strong team travelling around the country in an effort to boost exports to the region, one which already has a long trading history with ... Read More »

German exports slump at fastest pace since 2009

BERLIN: New trade data from Greece shows that imports and exports both fell sharply in August, as capital controls continued to grip the economy. Imports slumped by 8.9% year-on-year, according to stats body Elstat, from €3.3bn to €3bn. Exports also contracted by 8.9%, from €2.08bn to €1.89bn. That includes a 22% fall in exports to countries outside the EU. Read More »

NSA asks to involve Nigeria Customs in oil import, export

ABUJA: The Nigerian Statistical Association (NSA) has urged on the Federal Government to involve the Nigeria Customs Service (NCS) in the monitoring of crude oil export and refined petroleum products importation with a view to ensuring reliable statistical data on the nation’s merchandise. This is even as it also called for urgent review of the existing policies guiding the economic ... Read More »

Turkish customs confirms companies involved in gold import, export

ANKARA: Customs and Trade Minister Cenap Aşçı, responding to an official inquiry, confirmed a report detailing gold imports and exports involving companies linked to Iranian businessman Reza Zarrab from 2011 and 2013. The report, authored by Customs and Trade Ministry’s chief inspector Mehmet Eryılmaz, was submitted to Parliament by Republican People’s Party (CHP) Parliamentary Group Deputy Chairman Levent Gök and ... Read More »

Italian exports to US, China up 29%

ROME: Italian food product exports towards the US and China have risen by 29% those to EU nations by 9.7%, according to the agricultural association Coldiretti. The announcement was made on the basis of data from the Italian national statistics institute ISTAT on foreign trade in June. Since the beginning of Expo Milano 2015, Italian food product exports already saw ... Read More »

EU beef imports up 3%, exports down 1% in first half of 2015

BRUSSELS: In the first half of the year, EU beef and veal imports were up 3% on the same period last year at 101,000t, AHDB the organisation for the English beef and sheep industry has said. It attributes this growth to increased volumes of chilled products, accounting for almost two-thirds of trade and consisting almost entirely of premium cuts. The ... Read More »

Germany export increase 2.4% to €103.4b while imports rise by 2.2% to €80.6b

BERLIN: : Oil prices have steadied due to strong economic data from Germany, as well as a rise in Chinese crude imports year-on-year offseting concerns over Asia’s economic growth and the global oversupply. Brent futures increased 59 cents to $48.22 a barrel, while the US crude stood at $44.75 a barrel, down $1.30, Reuters reported. During July, exports in Germany ... Read More »

German export pickup may fade as China casts global shadow

BERLIN: Germany is about to reveal just how vulnerable it might be to a weakening Chinese economy that is sparking a rout in global markets. A second reading of German gross domestic product on Tuesday will show overseas sales led the second quarter’s 0.4 percent expansion. The same day, a survey of business leaders may signal that confidence is fading ... Read More »

Turkey export from western Aegean region reaches $8.1b in first half of 2015

ANKARA: Exports originated from Turkey’s western Aegean region have reached $8.1 billion in the first half of 2015, surpassing the region’s $7.75 billion worth of imports, according to the data released by Turkish Statistical Institute on Friday. Thus the region’s export-import coverage ratio has reached 104.4 percent. This rate was recorded as 66 percent for Turkey in general in the ... Read More »

Irish exports grow 15% in Q1 of 2015

DUBLIN: The dying days of July confirmed that Irish exports had indeed hit ‘the sweet spot’, with the release by the CSO confirming services export figures for the first quarter of the year had grown by 15%. We also had updated goods exports figures showing an 18% growth following adjustment for the inclusion of aircraft exports associated with the Irish ... Read More »

Netherlands beer exports hit record high: report

AMSTERDAM: The Netherlands exported a record €1.6bn worth of beer last year, a rise of 4% on 2013, the national statistics office CBS said. Most – 37% – went to the US, but this was down 4% in euro terms on a year ago, the CBS said. Exports to France, China and Taiwan rose in value. Nearly all the beer ... Read More »

German exports to Russia slump 34% to 4.4b due to sanctions

MOSCOW: German exports to Russia slumped by 34 percent in the first five months of the year to 4.4 billion euros due to Western sanctions imposed on Moscow over the Ukraine crisis, a lobby group representing German industry in eastern Europe said on Thursday. If this trend continues, exports to Russia could fall by around a third to about 20 ... Read More »

Toyota’s Turkey unit exports fall 30% as Russia bites

ANKARA: The Turkish unit of Toyota Motor Corp saw first-half exports slump by 30 percent to 42,433 units after a weaker ruble hit Russia’s car market, but it hopes to pare losses with sales domestically and to Europe, the unit’s chief executive has said. Toyota Turkey has been one of the 10 biggest production facilities of Toyota Corp outside Japan, ... Read More »

Turkey may be prime target for US LNG exports

NEW YORK: The complicated pricing of natural gas in global markets, with a myriad of long-term and short-term arrangements, sometimes linking gas deals with oil pricing, together with the dynamic demand picture for natural gas and the robust build-out globally of liquefied natural gas (LNG) infrastructure all combine to make Turkey the prime target for U.S. LNG exports. That was ... Read More »

CMA CGM receives $1bn loan from Chinese export credit bank

ATHENS: French container carrier CMA CGM is to secure $1bn in financing from the Export-Import Bank of China. The two parties will sign an agreement on Wednesday when the Chinese prime minister Li Keqiang visits CMA CGM’s headquarters in Marseille, Reuters reports. The agreement will comprise loans and guarantees for vessel orders from Chinese shipyards, as well as strategic investments. ... Read More »

Spices export from Cochin port declines by 1,660 tons to 72,645 tones

KOCHI: India’s foreign trade is gaining in terms of spices exports, thanks to the weak currency. But Kerala, the land of spices, does not have any reason to cheer as exports from the Cochin port is on a downward trend. In 2014-15, as many as 72,645 tonne of spices were exported from the port, compared to 74,305 tonne in 2013-14, ... Read More »

Irish exporters association seek stronger UK trade ties

DUBLIN: The head of the Irish Exporters Association (IEA) has called on the Government to strengthen bilateral trade links with the UK, no matter the outcome of Britain’s referendum on its future with the EU. UK prime minister David Cameron has promised to hold an in-out vote on Britain’s membership of the EU before the end of 2017, a move ... Read More »