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Tag Archives: Imports

Ukraine imports 1.067b cubic meters of natural gas from Europe in 2015

MOSCOW: Ukraine imported around 1.067 billion cubic meters (bcm) of natural gas from Europe in January 2015.According to tentative data from Eustream, the operator of the Slovak gas transport system, in January 1.004 billion cubic meters of gas was sent to Ukraine via Slovakia. According to Hungary’s FGSZ, Ukraine received 63 million cubic meters of gas via Hungary in January.No ... Read More »

Turkish scrap import prices decline sharply by $14 WoW to $297 tonne

ANKARA: Turkish scrap import prices declined sharply by $14 a tonne week-on-week to $297 a tonne in the week ended January 30, as per the latest figures released by the Steel Index. According to TSI, daily benchmark index for deep-sea Turkish imports of HMS #1&2 80:20 finished the week $26 a ton lower from last Friday at $282 a ton ... Read More »

Taiwan’s exports grow by 2.7%, imports rise by 1.6% in 2014

TAIPEI: Taiwan’s exports and imports rose marginally in 2014 despite falling year-on-year in December, the Ministry of Finance (MOF) said here the other day. Taiwan’s exports grew 2.7 percent in 2014 to a record high US$313.84 billion, while imports rose 1.6 percent to US$274.23 billion, according to MOF statistics released here the other day. In December alone, the country’s exports ... Read More »

China crude oil imports from Iran up 30% in 2014: Customs

BEIJING: China’s crude oil imports from Iran jumped by nearly 30 percent last year to their highest average level since 2011, customs data showed, as Iran’s largest oil client boosted shipments after an interim deal eased sanctions on Tehran. Western sanctions against the OPEC member were eased in a late-2013 deal that allowed it to export about 1 million barrels ... Read More »

Argentina: Customs restrictions to remain in place against WTO rules

ARGENTINA: Despite the rules of World Trade Organization (WTO), the government of Argentina has confirmed that customs import restrictions would be kept in their place. Internal Trade Secretary Augusto Costa and Foreign Trade deputy secretary Paula Español met on Wednesday with representatives of several business chambers, where the commitment to upholding commercial restrictions was made clear by the government officials. ... Read More »

Afghanistan stresses need for cementing economic relations with Ashgabat

KABUL: President Mohammad Ashraf Ghani and his Turkmen counterpart have stressed the need for cementing economic relations between Kabul and Ashgabat, the Presidential Palace said here the other day. Ghani on Wednesday flew to Ashgabat on a two-day visit to meet his Turkmen President Gurbanguly Berdymukhamedov and other senior officials on enhanced economic, trade and cultural links. A statement from ... Read More »

Heavy traffic witnessed at Port Qasim

KARACHI: Three ships carrying containers and edible oil berthed at Qasim International Containers Terminal and Liquid Cargo Terminal respectively. Meanwhile three more ships carrying containers, cement and chemical also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was only 45% at the port today where five ships namely Lilly Schulte, CGM Maupassant, INCE Karadenz, Globe ... Read More »

Brazil increases taxes on fuels, imports for R$20.6 billion revenue

SÃO PAULO: The Brazilian government’s new economic team announced the first measures which they hope will reduce the country’s primary deficit and put the economy back into the path of sustainable growth. Finance Minister, Joaquim Levy, announced here the other day, the government will increase taxes on fuels, imports and financial operations, with the goal of obtaining an extra R$20.6 ... Read More »

Malaysian oil exports rise to RM7.7 billion: PM Razak

KUALA LAMPUR: Malaysia is actually a net importer of oil and our economy stands to gain from lower global crude prices, Prime Minister Datuk Seri Najib Razak said here the other day. Despite exporting oil extracted off the east coast of Peninsular Malaysia and also off Sarawak, the volume exported is still less than the amount imported for local consumption, ... Read More »

EU lifts embargo on import of Indian mangoes

NEW DELHI: India’s Alphonso mangoes will return to European market after the European Commission voted to lift a ban imposed on imports last year here the other day. The ban on imports of four vegetables – bitter gourd, brinjal, snake gourd and taro – from India will, however, stay for now. Lifting of the ban will cheer mango exporters who ... Read More »

Malaysian oil exports rise to RM7.7 billion: PM Razak

KUALA LAMPUR: Malaysia is actually a net importer of oil and our economy stands to gain from lower global crude prices, Prime Minister Datuk Seri Najib Razak said here the other day. Despite exporting oil extracted off the east coast of Peninsular Malaysia and also off Sarawak, the volume exported is still less than the amount imported for local consumption, ... Read More »

13,472,255 cubic meters: Brazil LNG imports hike 28% in 2014

SAO PAULO: Imports of liquefied natural gas to Brazil rose 28% during 2014, totaling 13,472,255 cubic meters, up from 10,514,012 cu m during the year prior, data from Platts unit Bentek Energy showed here the other day. Rising LNG imports to Brazil come as the tropical nation faces its worst drought in recorded history, according to Sabesp, the agency for ... Read More »

Bangladesh govt to import 30-50MW power from India

DHAKA: Bangladesh government planned to buy 30-50 megawatts of electricity from NTPC Vidyut Vyapar Nigam Ltd (NVVN) from private parties to meet the shortfall in power imports from India, after proposal of Power Ministry here the other day. A proposal from the power ministry will be sent to the cabinet committee on purchase today for approval, officials of Bangladesh Power ... Read More »

Exports rise 3.6%: South Korea imports fall 0.9% to $44 billion, says Customs

SEOUL: South Korea imports fell 0.9% to 44 billion dollars, keeping the surplus trend for 35 straight months. Exports, which account for about half of the economy, rose 3.6 percent from a year earlier to 49.7 billion dollars in December, according to the Korea Customs Service. Helped by the relatively solid export growth, the country posted the trade surplus since ... Read More »

Improving gross tonnage, container volume: Malaysia’s main ports to grow moderately in 2015

KUALA LUMPUR: Malaysia main ports will grow moderately in 2015, on the back of continuing economic expansion and a good trade performance. Gross tonnage and container volume growth will pick up as both exports and imports continue to grow, despite a slight easing of domestic consumption. Port Klang and Port Tanjung Pelepas will also benefit from expansion projects and developments ... Read More »

Turkish gold import hits 57% low in 2014 despite stunning YoY rise

ANKARA: Turkey’s gold imports hit new record high despite a stunning year-on-year rise in gold imports in November 2014. The volume of gold purchased from abroad imported into Turkey for the whole year declined sharply compared to 2013 and reached only 130.9 tonnes, recent data from Borsa İstanbul (BIST) showed here the other day. In 2013, Turkey imported 302.3 tonnes ... Read More »

India imports 1.5 million tonnes of soyabean oil annually

NEW DELHI: India is the world’s leading importer and consumer of edible oils in the world. Of the total 5.0-5.5 million tonne of vegetable oils imported by India annually, 1.3-1.5 million tonne is Soyabean Oil, imported mostly from Argentina, Brazil and the US, nearly 3 million tonne of Palm Oil is purchased from Malaysia and Indonesia. China and India, though ... Read More »

South Africa’s chicken imports may rise as duty lapses

CAPE TOWN: Initially antidumping duties against imports of frozen bone-in chicken from three of SA’s trading partners in the European Union have lapsed in the New Year, opening the way for increased inflows until SA completes an antidumping investigation. Although the lapsing of the duties that range from 22% to 73% means poultry from Germany, the Netherlands and UK can ... Read More »

Sri Lanka imports grow 7.8% to 19.4b US dollars in 2014

COLOMBO: Sri Lanka’s imports grew 7.8 percent to 19.4 billion US dollars in 2014.By end 2014, the Rupee depreciated by 0.26 percent against the US dollar and appreciated 5.65 percent against the Sterling Pound, 13.19 percent against the Euro, 13.48 percent against the Yen and 2.13 percent against the Indian Rupee data showed. Now, in the normal condition that we ... Read More »

Sri Lanka’s imports grow 7.8% to $19.4b in 2014

Colombo: Sri Lanka’s imports grew 7.8 percent to 19.4 billion US dollars in 2014. Sri Lanka’s Rupee was relatively stable amidst the volatility in the international currency market, the Central Bank has said. The Rupee appreciated gradually up to the latter of October amidst steady foreign exchange inflows and depreciated slightly with increased demand on foreign exchange particularly due to ... Read More »