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The imports of clothing and accessories by Japan increased by 18.6 per cent year-on-year to 258,588 million yen ($2,009.90 million) in December 2022. They were 2.5 per cent of the total imports of 10,235,704 million yen during the period under review, according to the provisional trade statistics released by the Far Eastern country’s ministry of finance. The imports of textile yarn and fabric were valued at 100,215 million yen in …
Apparel shipments to the European Union (EU) grew 41.76 per cent year-on-year to hit $19.40 billion in the January-October period of 2022, according to data from Eurostat, the statistics department of the EU. With this, Bangladesh retained its position as the second largest garment supplier for the EU after China, which holds a 29.39 per cent share of the trade bloc’s total apparel imports from 27 countries. During the first …
Zimbabwe banned the exports of raw lithium ores in 2022, and then banned the exports of all raw mineral ores this year. Isabeau Van Halm explores the latest example of a wave of critical mineral resource nationalism. In December 2022, Zimbabwe banned raw lithium ore exports to minimise the economic potential of artisanal mining and encourage investments in state-approved production facilities. Then in January 2023 another ban followed, according to …
Malaysian economists have said that a global economic downturn is expected to drag Malaysia’s 2023 external trade. Maybank Investment Bank said in a note that it forecasts slower 2023 exports and imports growth of 4 percent and 6 percent respectively for Malaysia as it expects global real gross domestic product growth to slump this year amid stagnation or recession in major advanced economies. “Keeping this year’s external trade in the …
Germany imported around 62 billion euros of Norwegian natural gas, oil and condensates in 2022 and has become the country’s number one goods importer, said the German-Norwegian chamber of commerce. Of a total of around 68 billion euros spent in imported goods from Norway last year, around 58 billion euros accounted for gas deliveries alone. “These figures show the importance of Norway for Germany,” head of AHK Norway Michael Kern …
KUALA LUMPUR: Malaysia’s trade surplus hit a record high of RM255.1 billion (US$59.09 billion) last year, International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz said on Wednesday (Jan 18). This is the 25th consecutive year the country has recorded a trade surplus since 1998. A trade surplus occurs when the value of a country’s exports exceeds the costs of its imports. The Ministry of International Trade and Industry …