imports

Nigeria merchandise trade rose

Imports

Total imports of N 4,172.3 in Q3,2018 was 73.8 % higher than Q2,2018 due to importation of submersible drilling platforms in August which was quite expensive and of course occasional importation. In the same way, there was a rise of 67.7% when compared with the import value of the corresponding quarter in 2017. – Value of imported Agriculture products in Q3,2018 was 0.1% lower than the value recorded in Q2 and 3.10% lower than Q3, 2017 – Value of Raw material imports was 11.67% more than...

http://container-news.com/nigeria-merchandise-trade-rose/

China’s November export, import growth shrinks

  • Sluggishness in China’s trade in ‘full swing’, economist says.
  • Exports up 5.4% year-on-year, below poll’s 10%.
  • The November trade numbers came out less than a week after Presidents Donald Trump and Xi Jinping agreed to a 90-day truce delaying that tariff hike as they negotiate a trade deal.

China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth...

http://container-news.com/china-november-export-import-growth-shrinks/

Kenya imports – Details required

ONE’s announcement:

Kenya Revenue Authority and Kenya Ports Authority have notified that containers destined to Kenya through the Port of Mombasa and liable to local clearance shall be required to have the full consignee details in each BL and manifest that is submitted to Kenya for Import Cargo Clearance with effect from 30 Nov 2018.

Details required shall be:

  • Consignee name – must be the same as registered on Tax Personal Identification Number (PIN)
  • Mailing address – must be the same as...

http://container-news.com/kenya-imports-details-required/

Sri Lanka’s Sept exports up 4.4%

Sri Lanka’s exports grew 4.4 percent in September 2018 to 1,055 million US dollars from a year ago, exceeding a billion dollars for the fourth straight month, but the trade gap widened as import spending rose faster.

The central bank said spending on merchandise imports increased by 6.1percent to 1,768 million dollars in September 2018 from a year ago mainly due to high expenditure incurred on fuel and personal vehicle imports.

Earnings from industrial exports, which account for 77 percent of the...

http://container-news.com/sri-lanka-sept-exports-up/

Nepal’s trade deficit is growing

Increase in imports is widening the Nepal’s trade deficit; there is a need to take urgent measures to jack up export

The only solace is an increase in remittance, which has for years helped keep the country’s economy afloat. As per the report, the workers’ remittances have increased by 37.3 per cent to Rs 242.17 billion in the review period compared to a growth of 2.6 per cent in the same period of last fiscal year. But to address the widening trade deficit, the country cannot rely on...

http://container-news.com/nepal-trade-deficit-growing/

Annual increase in non-oil Egyptian exports, imports

Non-oil Egyptian exports increased by 11% year-over-year (y-o-y) during the period from January to October 2018, recording $20.642bn, compared to $18.551bn during the same period last year, an increase of $2.91bn, according to the latest report received by Minister of Trade and Industry, Amr Nassar, from the General Organization For Export and Import Control.

For his part, Chairperson of the General Organisation for Export and Import Control, Ismail Jaber, said that five export sectors achieved...

http://container-news.com/annual-increase-non-oil-egyptian-exports-imports/

FTZ contributes to over 40% Shanghai trades

The Shanghai Free Trade Zone (FTZ), with an area of 120 square km, generated 42.9 percent of the total import and export of the municipality in the first 10 months, local authorities said Sunday (Nov. 25).

The data came days after the State Council, China’s cabinet, released a raft of measures supporting pilot FTZs to deepen reform and innovation.

According to the Shanghai Customs, more than 19,000 new enterprises have been registered since the FTZ was founded five years ago, bringing the total...

http://container-news.com/ftz-contributes-over-40-shanghai-trades/

Japan: Imports jump, trade deficit grows

Japan’s trade flows started the fourth quarter on a down note as imports rose nearly 20 per cent from a year ago, easily outpacing exports and expanding the country’s trade deficit far more than expected.

Imports rose 19.9 per cent year on year in October, according to preliminary data from Japan’s Ministry of Finance, close to triple September’s growth of 7 per cent and easily besting a median forecast of 14.5 per cent from economists polled by Reuters.

That growth in inbound shipments also...

http://container-news.com/japan-imports-jump-trade-deficit-grows/

Bangladesh: Trade deficit widens

A senior Bangladesh Bank official confirmed that the trade deficit increased due to a rise in import costs compared to export earnings

Bangladesh’s trade deficit rose by 5.53% to $3.85 billion in the first quarter of the current fiscal year, driven by a rise in imports.

The deficit in the same period of the previous fiscal year was $3.65 billion, according to data from Bangladesh Bank.

Abdus Salam Murshedy, a former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA),...

http://container-news.com/bangladesh-trade-deficit-widens/

Imports stay static in Pakistan

ISLAMABAD: The trade deficit marginally contracted to $11.8 billion in first four months of the current fiscal year on the back of almost flat growth in imports for the fourth consecutive month while the pace of increase in exports remained modest despite numerous rounds of currency depreciation.

The $11.8-billion deficit, recorded in July-October FY19, was nearly 2% or $237 million lesser than the same period of last fiscal year, the Pakistan Bureau of Statistics (PBS) reported on Friday (Nov....

http://container-news.com/imports-stay-static-pakistan/

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