Day: January 13, 2023

Jan 13

Statistics: Estonia’s foreign trade deficit rises to €352 million

According to Statistics Estonia, in November 2022, Estonia’s exports of goods at current prices for November remained at the same level as a year before, while imports increased by 12 percent. The country’s trade deficit now stands at €352 million, an increase of €220 million on year. The latest data provided by Statistics Estonia shows, that Estonia’s exports of goods at current prices amounted to €1.7 billion and imports to €2.1 billion in November 2022. Between November 2021 and November Read Full Details…

Jan 13

India and United States to increase dialogue on food, agricultural trade in 2023

India and the United States have established a new working group to build sustainable supply chains and boost bilateral trade, the governments said in a joint statement on Thursday. The working group will initially focus on trade facilitation, digitization of customs procedures, issues related to sustainable finance and the scaling up of innovative clean technologies, according to the statement issued after a Trade Policy Forum meeting in Washington D.C. At a meeting co-chaired by India’s trade minister, Piyush Goyal, and Read Full Details…

Jan 13

China’s foreign trade up 7.7 pct in 2022 to new high

China’s annual foreign trade value topped 40 trillion yuan (about 5.94 trillion U.S. dollars) for the first time in 2022, as the country works to better coordinate epidemic response with economic and social development amid complex and severe domestic and international situations, official data showed Friday. Total goods trade reached a record 42.07 trillion yuan, up 7.7 percent year on year, topping the world for six consecutive years, according to the General Administration of Customs (GAC). Exports rose 10.5 percent Read Full Details…

Jan 13

Govt will take appropriate decision in March-April on lifting wheat export ban: DGFT chief

Director General of Foreign Trade Santosh Kumar Sarangi on Thursday said the government will take an appropriate decision on the demand to lift the ban on wheat exports at the time of crop harvest around March-April. Before this decision, a review will be done of the gap between the demand and supply of wheat in the country, he said. The head of the Directorate General of Foreign Trade (DGFT) was in Indore to participate in the Global Investors Summit ‘Invest Read Full Details…

Jan 13

Import growth to be higher than that of export: Economist

Bank Mandiri economist Faisal Rachman has predicted that the growth in imports will be higher than that of exports in 2023, driven by strengthening domestic demand. Domestic demand in 2023 will be driven by the lifting of restrictions on community activities (PPKM) and the decision to continue national strategic projects (PSN), he noted, according to a statement received here on Friday. However, import growth in 2023 is likely to weaken compared to 2022 due to sliding oil prices and an Read Full Details…