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Tag Archives: Exports

China bank to help Australian exports in future

CANBERRA: China bank decided to help Australian exports companies in future. The Asia Infrastructure Investment Bank will create opportunities for Australian companies to sell more commodities such as iron ore, according to a rebuttal of Japanese and American arguments by Treasurer Joe Hockey. Australia is moving towards signing up as a founding member of the bank by early next week. ... Read More »

China’s February exports boost 48.3%: Customs

BEIJING: China’s exports jumped 48.3 percent in February from a year earlier, while imports fell 20.5 percent, producing a trade surplus of $60.6 billion for the month, the General Administration of Customs said here the other day. That compared with market expectations in a Reuters poll of a rise of 14.2 percent in exports, a 10 percent fall in imports ... Read More »

New Zealand dairy exports fall 13.4% to $NZ3.92b

WELLINGTON: New Zealand reported dairy exports fell down by 13.4 percent. The country recorded a $NZ50 million ($48m) goods, or merchandise, trade surplus for February and a deficit of $NZ2.18 billion. February’s surplus is sharply lower than the year-earlier surplus of $NZ797m, while the 12-month figure compares with a surplus of $NZ627m in February 2014. The 12-month deficit is the ... Read More »

Exports drop by 29.4%: Kuwait trade surplus falls 43.6% in last quarter of 2014

KUWAIT CITY: Kuwait’s balance of trade realized a surplus worth KD 3.333 billion in the last quarter of 2014, marking a fall of 43.6 percent compared to KD 5.911 billion the same period in 2013. ($1 equals KD 0.299). Over the period October-December 2014, Kuwait exports fell by 29.4 percent, compared to the corresponding period last year, to reach KD ... Read More »

Indonesia exports to Egypt jump 21.71%

JAKARTA: The value of Indonesian exports to Egypt rose by 21.71 percent to US$1.34 billion throughout the 2014 fiscal year from the $1.1 billion recorded in the previous year. Indonesian Ambassador to Egypt Nurfaizi Suwandi said that the double-digit increase showed Jakarta’s commitment to continue exploring economic and trade activities with Cairo. “The demand for Indonesian goods is pretty high ... Read More »

Taiwan’s new mobile helps to boost exports: MOEA

TAIPEI: The launch of new mobile devices is expected to boost the nation’s export orders this month following lower-than-expected demand in the first two months of this year, the Ministry of Economic Affairs (MOEA) said. Department of Statistics Director-General Lin Lee-jen said that international brands are preparing to unveil mobile gadgets and wearable devices that would benefit Taiwanese electronics exporters ... Read More »

Indian exporters opt for French port complex of Haropa for European markets

PARIS: Relative cost and time advantages are drawing Indian exporters to the French port complex of Haropa for European markets. Indian companies such as Reliance Industries, Tata Motors, Mahindra & Mahindra, Dhunseri Petrochemicals and Electrosteel Castings have been using the three-port system, said Herve Cornede, Commercial and Marketing Director of Grand Port Maritime Du Havre. Cornede claimed that Haropa port ... Read More »

Zimbabwe imposes 15% tax on raw platinum exports

HARARE: Zimbabwe imposed 15 percent tax on raw platinum exports. Government introduced taxation on raw platinum and banned export of unprocessed chrome to enforce beneficiation and value addition to the country’s natural resources in a bid to ensure industrialization, increased revenue, job creation, skills and technology transfer, a senior Government official has said. Zimbabwe levies a 15 percent tax on ... Read More »

Indonesia exports to Egypt jump 21.71%

JAKARTA: The value of Indonesian exports to Egypt rose by 21.71 percent to US$1.34 billion throughout the 2014 fiscal year from the $1.1 billion recorded in the previous year. Indonesian Ambassador to Egypt Nurfaizi Suwandi said that the double-digit increase showed Jakarta’s commitment to continue exploring economic and trade activities with Cairo. “The demand for Indonesian goods is pretty high ... Read More »

US beef production down 6% in 2014, exports, imports facing trouble in 2015

NEW YORK: I dislike the term “perfect storm” because it is too frequently used and too casually applied to many situations. However, it is an appropriate description of international cattle and beef trade in early 2015. Several factors joined forces simultaneously to seriously impact beef exports and imports so far this year.  Total beef production decreased nearly 6 percent in ... Read More »

Indonesia’s Indocement to boost exports 60% this year

JAKARTA: Indonesia’s second-largest cement firm, Indocement Tunggal Prakarsa, says it hopes to benefit from the currency depreciation to maintain revenue amid slowing demand by boosting exports more than 60 percent this year. In a press conference on Wednesday Indocement announced plans to increase shipments from 156,000 tons last year to 250,000 this year to profit from the strengthening US dollar, ... Read More »

Taiwan exports fall in Feb, but cheaper imports may help economy

TAIPEI: Taiwan’s exports fell more than expected last month as the Lunar New Year holiday shortened the number of working days at factories and weaker commodity prices hit trade. However, modest gains in exports of electronic goods, improving demand from key markets and the falling cost of imports are likely to support growth for the domestic economy. The island’s exports ... Read More »

218,000 bpd: Kuwait crude oil exports to China hike 30.8% in January

KUWAIT CITY: Kuwait’s crude oil exports to China in January jumped 30.8 percent from a year earlier to 923,000 tons, equivalent to around 218,000 barrels per day (bpd), government data showed. Kuwaiti shipments of crude oil to China exceeded 200,000 bpd level for the fifth consecutive month since September, according to the General Administration of Customs. China’s overall imports of ... Read More »

218,000 bpd: Kuwait crude oil exports to China hike 30.8% in January

KUWAIT CITY: Kuwait’s crude oil exports to China in January jumped 30.8 percent from a year earlier to 923,000 tons, equivalent to around 218,000 barrels per day (bpd), government data showed. Kuwaiti shipments of crude oil to China exceeded 200,000 bpd level for the fifth consecutive month since September, according to the General Administration of Customs. China’s overall imports of ... Read More »

ICB rate cut helps to boost Indonesian exports

JAKARTA: Indonesian commodity producers and economists have hailed the Indian central bank’s rate cut as good for boosting exports from Southeast Asia’s biggest economy to one of its major markets. “In the past year, India has been the biggest importer of coal from Indonesia, after China’s imports slowed down,” said Supriatna Suhala, executive director of the Indonesian coal miners’ association, ... Read More »

Indonesia to regain poultry exports to Japan after a decade

JAKARTA: Indonesia will begin exporting processed poultry to Japan in few weeks, the first in a decade. Japan had banned Indonesian imports around 10 years ago over avian flu concerns, but agreed to a resumption after a visit by trade delegates to updated facilities on Java island in 2014, according to Nurlaila Nur Muhamad, director of agriculture and forestry product ... Read More »

Missing forecasts: Malaysia’s January exports fall 0.6%

KUALA LUMPUR: Malaysia’s exports slid 0.6 per cent in January from a year earlier, wrong footing expectations for a rise as demand from China slumped, while imports also came in well below forecasts with a fall of 5.3 per cent. The faster fall in imports resulted in the trade surplus widening to RM9.01 billion (S$3.37 billion) in January from RM6.4 ... Read More »

Japan’s GDP grows by 2.2% due to exports in fourth quarter of 2014

TOKYO: Japan’s GDP has grown by 2.2 percent in the fourth quarter of 2014 because of exports. Despite an expectation of 3.6 percent growth, many economists believe Japan’s dark days are passing. This news gives Prime Minister Shinzo Abe enough wiggle room to implement more of his growth-based policies, otherwise known as “Abenomics.” Abenomics has “three arrows,” which are structural ... Read More »

Exports R87.49bn, imports of R80.64bn: SA records trade surplus of R6.85bn in 2014

CAPE TOWN: South Africa’s trade balance‚ which includes trade with Botswana‚ Lesotho‚ Namibia and Swaziland‚ recorded a R6.85bn surplus in December after a R5.7bn deficit in November‚ South African Revenue Service (SARS) customs and excise data showed here the other day. The trade deficit excluding Botswana‚ Lesotho‚ Namibia and Swaziland was R0.68bn. The R6.85bn surplus was attributed to exports of ... Read More »

Portugal’s fruit, vegetable exports grow 26%

LISBON: Portuguese fresh vegetable shipments have grown by almost 26% in recent years (from 780 million Euros in 2010 to 983 million in 2013), said Laurent Armaos, of the Commercial Department of the Embassy of Portugal in Athens in an interview to Agrotypos. Regarding the destinations of exportable products, Mr Armaos reported that “the majority of exports went to countries ... Read More »