The value of Greek exports to North Macedonia doubled in the first half of 2022, according to the provisional data of the country’s State Statistics Service. Specifically, as stated in an informational document of the Office of EIF – Skopje, the value of Greece’s exports to the Republic of North Macedonia (DEM), in the first […]
Tag: exports
Germany: Exports outside the EU fell in July
German exports outside the EU fell 7.6% month-on-month in July, according to the statistics office, marking a weak start to the second half for Europe’s biggest economy. The decline comes after three consecutive increases. The economy stagnated in the second quarter, and Finance Minister Lindner said the economic situation in Germany was deteriorating and the […]
China: Exports moved higher than estimates in July
China’s exports rose faster than expected in July, defying expectations that falling global demand would weigh on trade and providing support to an economy struggling with sporadic outbreaks of Covid and problems in the property market. According to Bloomberg, dollar-denominated exports rose 18 percent last month from a year earlier to $332.96 billion, the General […]
How the euro parity creates additional fiscal space
By Tasos Dasopoulos The slippage of the exchange rate of the euro against the dollar very close to 1:1 increases inflation, since it makes imports of fuel and other raw materials more expensive, but at the same time “pays” for a part of the support measures, for households and businesses. The slippage is attributed to […]
Turkey: Exporters revise down 2022 targets amid adverse economic environment
Turkish exporters are revising their year-end targets downward, in a move that could derail the government’s economic plans, as new orders fall amid signs of a global slowdown and inflationary pressures, Reuters reports. Turkey’s exports rose 19 percent year-on-year in the first seven months of 2022 to $144.4 billion, but deteriorating global conditions, exacerbated by […]
Germany: Showed a trade surplus in June
Germany posted a trade surplus for June as exports grew faster than imports. Germany’s trade surplus stood at 6.4 billion euros on a calendar and seasonally adjusted basis in June, after recording a surplus of 0.8 billion euros the previous month, according to Destatis data. Economists expected a surplus of 0.4 billion euros for June. […]
Ukraine: Prepares to resume grain exports by sea from this week
Ukraine expects to resume its first grain exports since the start of the Russian invasion “as early as this week”, following the signing of the Istanbul accord by Kyiv and Moscow and despite Saturday’s shelling of the port of Odesa by the Russian military. “We expect that the agreement will start to be implemented in […]
Russia will not supply oil if its price falls below the cost of production
Russia will not export oil to international markets if its price falls below the cost of production, the Interfax news agency reported, citing statements by Russian Deputy Prime Minister Alexander Novak on Russian television. “If these prices they are talking about are lower than the cost of oil production, then of course Russia will not […]
Singapore: Greater than estimated export growth in June
Singapore’s exports (excluding oil) rose faster than expected in June, driven by growth in electronic and non-electronic shipments, as well as strong expansion in exports to the US, China, Malaysia and Japan. Non-oil exports from the trading hub of SE Asia rose 9% in June compared to the corresponding period of the previous year. The […]
Russia: Moscow raises cap on sunflower oil and sunflower meal exports
Russia has raised the ceiling on sunflower oil and sunflower meal exports, the government announced today, citing the satisfactory level of quantities available on the domestic market. Moscow banned sunflower seed exports from late March to late August, imposing restrictions on sunflower oil exports to avoid shortages in the Russian market but also to ease […]