An increase is observed in the first half of 2022 in the imports of Russian goods to Germany despite the strict sanctions against Moscow. The same is not true the other way around. What exactly has happened to Russian exports to Germany since the outbreak of the war in Ukraine until now? Not perhaps what […]
Tag: imports
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 […]
ELSTAT: Trade balance deficit increased by 77.9% in 5 months
The deficit of the trade balance is significantly increased both at the level of 5 months and for May. In particular, according to the data of ELSTAT, the deficit of the trade balance during the period January-May 2022 amounted to 14,702.1 million euros (16,022.0 million dollars) against 8,262.0 million euros (9,806.7 million dollars) during the […]
Germany: Import prices rose in May
German import prices in Germany rose in May but at a slower pace than the previous month, according to Destatis. Import prices rose 30.6% year-on-year in May, following a 31.7% rise in April. Compared to April, import prices increased by 0.9%. The high price increases are mainly caused by the evolution of energy prices, Destatis […]
Barclays: The cost of the Russian energy embargo – moderate to deep recession in the eurozone
Her Eleftherias Kourtali An embargo on Russian energy products that would push prices higher would trigger a mild recession, according to Barclays. However, restrictions on gas consumption (bulletin) would lead to a much deeper contraction, which would require strong political support to limit long-term economic damage, such as that applied to the pandemic by the […]
US import prices have risen due to rising oil prices
US import prices accelerated to a 11-year high in March as Russia’s war with Ukraine boosted oil prices, another sign that high inflation could be sustained for a while. Import prices jumped 2.6% last month, the biggest increase since April 2011, after rising 1.6% in February, the Labor Ministry announced on Thursday. In the 12 […]
Study-IW: Germany does not depend only on Russian gas
Russia is not only a major exporter of natural gas to Germany, but also provides important raw materials for industry. Germany and the world market are dependent on Russian exports, especially of nickel, palladium and chromium, according to a study by the German Institute for Economics (IW), according to Handelsblatt, which was made available to […]
EIB-Citi Agreement: Through the Commercial Financing Facility 350 million euros for Greek export-import companies
Private companies in Greece with international orientation will benefit from a new commercial financing cooperation of 350 million euros, between the European Investment Bank (EIB) and Citi, signed in Athens, earlier today. This signature is part of the new, third, extension of the EIB’s Trade Finance Facility (TFF) program, totaling € 550 million. According to […]
Eurobank: Imports and energy crisis ‘slow down’ the improvement of the current account balance
The country’s dependence on imports and the energy crisis are limiting the improvement of the current account balance in 2021, Eurobank points out in its weekly bulletin “7 Days Economy”, which analyzes the latest data of the Bank of Greece. According to the BoG, the current account deficit in the 11 months of January-November 2021 […]