Discover and read the best of Twitter Threads about #imports

Most recents (24)

Last week the latest #SalmanKhan starrer arrived in theatres, and the reviews seem mixed, depending whether one is a #Bhai fan or a critic. Meanwhile, what is the review on the market’s performance last week? Let’s break out the popcorn and watch. (1/8)
#Sensex and #Nifty dropped by over 1.1%. #RBI representatives remained optimistic about India’s #domesticgrowth during the monetary policy committee meeting, despite concerns about uneven growth in the economy & weak demand from outside India. (2/8)
Another big reason for the drop was the weak performance of #Infosys during Q4FY23. The #BSE tech & #IT indices dropped over 5%, as overall IT results were on the weaker side. (3/8)
Read 8 tweets
🇷🇺⚡️According to Bruegel's data, imports to Russia from leading unfriendly countries have recovered in November 2022.
1/6
#ukrainewar #russia #imports #economy #trade
Before the SMO, the average monthly volume of imports was $11.2 billion, but it fell to $5 billion from March to October 2022, resulting in a 45% decrease compared to the 12-month comparison base.
2/6
In November, imports rose to $6.4 billion, with the EU-27 countries as the main source of growth. However, trade with the US and the UK has almost completely stopped and shows no signs of recovery.
3/6
Read 6 tweets
. @StateBank_Pak has released disaggregated #trade data for #Pakistan, for the first half of FY23. Some analysis on main trends in 🧵👇👇
1) #Pakistan's #exports have declined in H1 FY23 relative to H1 FY22 by 4%. The fall is driven by goods #exports that fell by 5.8%. in million USD
2) By #destination, the largest #export contractions are observed to the USA, China, the UK and the UAE.
#Pakistan Image
Read 11 tweets
#Pakistan is going thru a complex #macro situation. At its heart is one symptom: the #CAD. Because the CAD has been perennial, this long-standing symptom translated into large foreign liabilities. Short 🧵👇
a) The #CAD shows that #Pakistan has been consuming beyond what it produces. At its heart, there’s another perennial deficit: the fiscal deficit.
b) To fix the #CAD, compressing #imports is futile (e.g. with the flood levy). You need either to reduce the fiscal deficit, or increase private saving well beyond investment. 👇
Read 10 tweets
⚡China's Jan-Nov surplus (in USD terms) $802.04 billion
#Imports +2.0% y/y
#Exports +9.1% y/y
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸
#China's Jan-Nov surplus (in yuan terms) 5.34 trillion yuan
#Imports +4.6% y/y
#Exports +11.9% y/y
2/ thread #trade #import #export #economy 🇨🇳 🇺🇸
China November trade balance(in yuan term) 494.33 bln yuan; Est. 486.0bln, Prev. 586.8bln;
#Imports -1.1 y/y ; Est. +7.1%, Prev.+6.8%;
#Exports +0.9% y/y ; Est. +8.2%, Prev.+7.0%.
3/ thread #trade #import #export #economy 🇨🇳 🇺🇸
Read 7 tweets

China October trade balance(in USD term) $85.15bln; Est. $95.97bln, Prev. $84.75 bln;
#Imports -0.7% y/y ; Est. +0.0%, Prev.+0.3%;
#Exports -0.3% y/y ; Est. +4.5%, Prev.+5.7%.
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸
#China October Yuan-denominated trade data
Trade balance +586.81 bln yuan; Prev.+573.57 bln yuan;
Imports +6.8% y/y, Est.+10.0%, Prev.+5.2%.
Exports +7.0% y/y, Est.+12.7%, Prev.+10.7%.
2/ thread #trade #import #export #econtwitter 🇨🇳
3/ #China's Jan-October #trade with
ASEAN +15.8% y/y to 5.26 trillion yuan
🇪🇺EU +8.1% y/y to 4.68 trillion yuan
🇺🇸US +6.8% y/y to 4.21 trillion yuan
🇰🇷Korea +6.5% y/y to 2.02 trillion yuan
#trade
Read 5 tweets
We have now 3 months of disaggregated #trade data for FY23 in #Pakistan. Visible deceleration both on #exports and #imports. Some key elements in 🧵below:
#Exports grew in Jul-Sep 23 versus Jul-Sep 22 by 5.3%. Slightly faster growth in #goods than in #services.

#Pakistan
By destination: in general, expansions, but contractions of shipments to #China, to #UK and to #UAE.

#exports #Pakistan
Read 11 tweets
China September trade balance(in USD term) $84.75bln; Est. $80.3 bln, Prev. $79.39 bln;
#Imports +0.3% y/y ; Est. +0.0%, Prev.+0.3%;
#Exports +5.7% y/y ; Est. +4.0%, Prev.+7.1%.
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸
#China September Yuan-denominated trade data
Trade balance +573.57 bln yuan; Est.+564.30 bln yuan, Prev.+535.91 bln yuan;
Imports +5.2% y/y, Est.+8.4%, Prev.+4.6%.
Exports +10.7% y/y, Est.+11.3%, Prev.+11.8%.
2/ thread #trade #import #export #econtwitter 🇨🇳
CHINA JAN.-SEPT. IMPORTS RISE 4.1% Y/Y, EXPORTS +12.5%.
3/Thread #trade #import #export #econtwitter 🇨🇳
Read 6 tweets
In #India, #imports continue to rise faster than #exports, and the foreign exchange reserves have dropped from around $641 billion to $532 billion in the last 12 months.
A country accumulates foreign exchange reserves when its revenue generated from exports is greater than the expenditure incurred from imports. Crude, other mineral fuels and waxes constitute 27% of our total imports.
And China is our biggest import destination, whereas the USA is the country we export the most.

Can India turn the trend of falling #reserves?

Research : @Investywise
Read 3 tweets
JUST IN:
China August trade balance(in USD term) $79.39 bln; Est. $92.40 bln, Prev. $101.26 bln;
#Imports +0.3% y/y ; Est. +1.20%, Prev.+2.3%;
#Exports +7.1% y/y ; Est. +13.0%, Prev.+18.0%.
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸
JUST IN:
#China August Yuan-denominated trade data
Trade balance +535.91 bln yuan, Prev.+682.69 bln yuan.
Imports +4.6% y/y, Est. +6.3%, Prev.+7.4%.
Exports +11.8% y/y, Est. +18.5%, Prev.+23.9%.
2/ thread #trade #import #export #econtwitter 🇨🇳
CHINA JAN.-AUG.IMPORTS RISE 5.2% Y/Y, EXPORTS +14.2%, TRADE SURPLUS 3.66 TRILLION YUAN.-CUSTOMS
3/Thread #trade #import #export #econtwitter 🇨🇳
Read 6 tweets
@MikaLintila Ns. 'hallitus', #WEF-#GreatReset -kätyrit #MikaLintilä ja #Caruna-#PekkaHaavisto @pekkahaavisto ovat omatoimisesti katkaisseet Venäjän sähkön ja kaasun, aiheuttaen jälleen, kuten ns. '#pandemia'ssakin, mittaamatonta vahinkoa suomalaisille
- #EU on sanktioinut vain hiilen tuonnin
@MikaLintila @pekkahaavisto #GreatReset -logikkaa #SuomenTuulivoimaYhdistyksen haarakonttorista, Suomen tuhoksi:
#Fingrid: - "Venäjän rajasiirtoyhteyksien siirtokapasiteettia rajoitetaan käyttövarmuuden turvaamiseksi".
- Katkaisu kokonaan on siis ääriturvallista...
@MikaLintila @pekkahaavisto Samaan aikaan kun #Jauhojengi katkaisi kaiken, #USA'n #tuonti #Venäjä'ltä takoo ennätyksiä.

#UnitedStates #Imports from #Russia - 2022. Data 2023 Forecast 1992-2021 Historical
-data, historical chart and statistics - was last updated on Aug of 2022.
tradingeconomics.com
Read 12 tweets
Now we have dissaggregated @StateBank_Pak data on #Pakistan's #trade performance for the full of the FY22.

This thread will show performance in #values. not #volumes. Keep in mind FY22 was extraordinary in terms of high #prices, both for #imports and #exports. 👇👇👇🧵
1\ #Exports reached record highs, both #goods and #services, increasing by 26.6 and 17.1% respectively w.r.t. FY21. Good export prices and a decent #export response played a role here. Note: June 2022 is preliminary. Figures are Jul-Jun FY22 and
2\ #Pakistan #export growth was generalized by main destination. Particularly noticeable are increases in shipments to #USA and to #China - the two largest destinations.
Read 10 tweets
It’s Wednesday, which means it’s time to take stock of the week so far, draw on reserves, and soldier on (and uncover some facts while at it). Today, we dissect the RBI’s recent move to allow & encourage #foreigntrade payments to be made in INR. (1/8)
It’s a long-term plus for the Indian #economy and good news for the long-term investor. So, grab that coffee from the break room, and let’s delve into the long and short of it. (2/8)
The #RBI recently issued a circular that detailed an ‘additional arrangement’ for invoicing, payment, and settlement of #exports and #imports using the Indian #rupee as currency. (3/8)
Read 8 tweets
Today is #WorldPopulationDay, which reminds us that while #ElonMusk is determined to contribute to increasing the population, he has also managed to upset the existing one, by backing out of the Twitter deal. Good thing that the markets were more stable, than Musk’s mood. 1/7
Talking about the “impending recession” seems to be the trend. So, it was a surprise last week, when both the #Sensex & the #Nifty went ↑ by almost 3%. Potential reasons? Maybe the cooldown in the prices of #commodities. This helps sectors like #Auto, #Realty, & #FMCG. 2/7
So naturally, both the #NiftyFMCG & #NiftyRealty were ↑ over 5%. #NiftyAuto was also ↑ 3.5%. In fact, every sectoral index was painting the town green. Global indices were also mostly up. The S&P 500 was ↑ 1.94% & the #NASDAQ100 ↑ by 4.6%. 3/7
Read 7 tweets
What factors to look for to understand which direction are #interestrates headed:

1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
3. External :
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation

- interest rate tend to go up
4. Internal Credit
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
Read 4 tweets
Africa should take full advantage of current elevated prices to cash in on mineral wealth: The African continent is home to substantial reserves of #copper and #cobalt (in the Democratic Republic of the Congo—DRC—Zambia, South Africa and Zimbabwe), #diamonds (in Botswana and…
Angola), #platinum (in South Africa and Zimbabwe), #uranium (in Namibia, Niger and South Africa), #gold (in Ghana, South Africa and Sudan), #iron (in South Africa), #manganese (in South Africa, Gabon and Ghana), bauxite (in Guinea), #lithium (in Zimbabwe), #coal (in South Africa
and Mozambique), #naturalgas (in Algeria, Egypt and Nigeria) and #petroleum (in Nigeria, Angola, Algeria and Libya).
Read 8 tweets
Fun #trade fact:

#Pakistan's #Imports of mobile phones on a monthly basis fell from $124M in FY21 to $27M in FY22.
👇👇👇However....
#Pakistan's #imports of Completely Knocked Down (CDK) kits of #mobile phones increased from $52.8M to $110.2M in the same period.

Overall, #imports of mobiles + CKD #mobiles did not change on a monthly basis, between FY21 and FY22 (177M versus 174M) 👇👇
What I conclude:
1) The #import substitution argument to save #dollars is weak.
2) As I learned from @ashraf179, no forex saving, but foregone revenue: duties on parts are lower than on the final product.
3) There may be a job gain, but limited.

#funfact #trade #mobiles
Read 3 tweets
A month ago I wrote this 🧵 on why #import duties were not the answer to #Pakistan's Balance of Payments constraints. #ImportBans are certainly not the answer either. Rather, they exacerbate the underlying problem. Five thoughts. 🧵👇

1\ The usual: CAD results from a macro imbalance (Saving too low relative to investment, so foreign saving needed (borrowing) (CAD is the mirror image of borrowing from the rest of the world (financial account of BOP)). Fixing the CAD takes increasing saving (cool off demand).
2\ The #importban in #Pakistan reduces #imports (does it? see point 3\ below), but not the CAD, because it also reduces #exports.
profit.pakistantoday.com.pk/2022/05/01/imp…
Read 8 tweets
Fast #import growth has overshadowed some very good news in #Pakistan. The latest release of disaggregated #trade data by @StateBank_Pak reveals that the first nine months of FY22 showed #record high #exports in real terms, since there's statistics.
Short 🧵👇 w/ more results.
1\ #exports grew by 24.8% in the first 9 months of FY22 w.r.t. same period of FY21, reaching 23.7 bn for goods and 5.2 bn for services.

#Pakistan #trade
2\ All top destinations show fast #export growth. Shipments to the #USA and to #China in particular.
Read 9 tweets
*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.
1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.
2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.
Read 22 tweets
#EIA #oil data: #crude -1.9 mln bbls; at 411.6 mln; -13% v 5-yr avg for period
#gasoline -1.4 mln bbls; +1% v 5-yr avg
#distillate -5.2 mln bbls; -18% v 5-yr avg
#propane -1.6 bbls; -21% v 5-yr avg
Total commercial stocks -8.1 mln bbls
#OOTT #OPEC #diesel #shipping #energy
#EIA #oil #data: U.S. #crude oil #refinery inputs averaged 15.4 mln bpd week to March 4, 2022, -21,000 bpd vs previous week; #refineries operated at 89.3% capacity; #gasoline output rose to 9.6 mln bpd, #distillate output fell to 4.6 mln bpd.
#OOTT #diesel #energy #refining
#EIA: #oil data: U.S. crude oil imports averaged 6.3 mln bpd last week, +0.6 million bpd vs previous week; last 4 weeks #crude oil imports averaged 6.2 mln bpd, +10.1% vs year-ago period
#OOTT #OPEC #diesel #shipping #inventory #energy #data #exports #crudeoil #tankers #imports
Read 4 tweets
Early indications are that the growth in imports has started to decrease. 🇵🇰 imports during Dec 2021 decreased 🔽 to USD 6.9 billion as compared to USD 7.9 billion in Nov 2021. This is a decrease of USD 1 billion. The import projection for Dec 2021 was USD 6.2 billion. 1/4
Turning to exports, MOC would like to share that during Dec 2021, 🇵🇰 Pakistan’s exports increased by, 🔼 16.7% to USD 2.761 billion as compared to USD 2.366 in Dec 2020. The Export Target for the month was USD 2.8 billion. 2/4
During the first half of the current FY (Jul-Dec 2021), exports increased by 25% to USD 15.125 billion as compared to USD 12.110 billion during Jul-Dec 2020. The Export Target for first half of this FY was USD 15 billion. 3/4
Read 4 tweets
1/7 Thread on Rising #Impact of NATO-#DeepState
#Warmongering on the #European Gas #Imports
from #Russia.

The #Yamal Natural #Gas #Pipeline:

4,107km-long,
Cost: $36 Billion
Diameter of 14,20cm
Capacity 33 billion m³ a year.
Squeezed by warmongering:

👉hydrocarbons-technology.com/projects/yamal…👈
2/7 Dec. 14, 2021 - #Yamal-#Europe #Gas
flows #Stable: Press.

#Belarus leader Alexander #Lukashenko has made repeated #Threats to halt operations on a #Pipeline that sends #Russian natural #Gas to #Europe:

naturalgasworld.com/yamal-europe-g…
3/7 Dec. 15, 2021 - #Russian #Gas #Exports
to #Europe via #Yamal #Pipeline #Rises,
despite warning by Alexander #Lukashenko
from #Minsk, #Belarus:

"To suspend the #Transit of natural gas in response to Western #Sanctions, boosting spot #Gas #Prices."

👉hindustantimes.com/world-news/rus…👈
Read 8 tweets
#China Jan -Sept. imports rise 22.6% y/y and Jan.-Sept. exports +22.7% y/y in yuan terms.
#trade #import #export #economy 🇨🇳
China's General Customs' Jan-Sept Import Data: (YoY)
#crude oil imports fall 6.8% y/y to 387 mln tonnes;
#natgas imports rise 22. 2% y/y to 89.85 mln tonnes;
#ironore imports fall 3% y/y to 842 mln tonnes;
#copper imports 4.02 mln tonnes, down 19.5% y/y.
#OOTT #trade #import🇨🇳 🇺🇸
In the first three quarters of this year, #China's #exports reached 15.55 trillion yuan, up 22.7% y/y and #imports reached 12.78 trillion yuan, up 22.6% y/y.

Foreign trade imports and exports have achieved positive year-on-year growth for five consecutive quarters.
#commodities
Read 4 tweets

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