KAMPALA—Uganda’s coffee exports declined last month due to the impact of a drought affecting many growing areas across the country, the state-run sector regulator said. The east African country shipped a total of 503,695 60-kg bags of coffee beans in September, down 14 percent compared with the same period a year earlier, Uganda Coffee Development…
Uganda Says Coffee Exports Down 14 Percent Year-Over-Year Due to Drought
China Trade: A Global Bellwether
Commentary China these days can serve as a global economic bellwether, and the direction it points is far from encouraging. As the world’s great exporter, its growth depends less on its domestic conditions than on what is happening in the United States and Europe. And because China sources heavily elsewhere in Asia, its export issues…
World Bank Cuts 2022 East Asia Growth Outlook, Cites China Slowdown
September 27, 2022
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MANILA—Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China’s slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific region, which includes China, to…
Commerce Department Accuses Chinese Company of Illegally Shipping Equipment to Iran
The Department of Commerce accused China’s largest wire and cable manufacturer, Far East Cable, of violating export controls aimed at preventing the shipment of equipment to Iran. In a charging letter (file) issued July 29, the department said that Far East Cable committed 18 violations of U.S. export controls between 2014 and 2016. During that time,…
Australia’s Trade Surplus Reaches Record High of $17.7 Billion in June
Australia posted a further trade surplus record of $17.7 billion (US$12.34 billion) in June as the country continued to export considerable volumes of coal, iron ore and grain. June’s surplus was also well above May’s record of $15 billion and outperformed economists’ expectations of a drop to $14 billion. Data from the Australian Bureau of…
Trade Deficit Shrinks as Exports Hit Record High
The U.S. trade deficit narrowed sharply in June to its lowest level in six months as exports hit a record high, a trend that could see exports adding to gross domestic product (GDP) in the third quarter after the economy contracted for two consecutive quarters this year, meeting the rule-of-thumb definition for a recession. The U.S…
German Exports Surge to Record Level in June, Outlook Still Gloomy
BERLIN—The value of German exports jumped by 4.5 percent in June to hit a record level, though economists cautioned that much of the increase was likely due to soaring prices. Exports rose for a third month in a row, beating forecasts for a 1 percent increase and pushing Germany’s seasonally adjusted trade surplus to 6.4…
Ukraine Eyes Billions in Euros From Europe Electricity Exports
June 10, 2022
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KYIV—Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn more in the future after obtaining the right to export its energy there, a Ukrainian energy ministry adviser said on Wednesday. Former Soviet Ukraine’s electricity grid began planning to decoupling itself from the…
Japan’s Q1 GDP Falls Less Than First Thought on Stronger Consumption
June 9, 2022
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TOKYO—Japan’s economy shrank slightly less than initially reported in the first quarter, as private consumption remained resilient in the face of resurgent COVID-19 infections and companies rebuilt their stock, offsetting a drop in business spending. While the slower contraction is welcome news for policymakers hoping the economy will return to growth this quarter, persistent supply…
Vietnam Speeds Up Economic Recovery, Overtakes China’s Top Export City for Third Consecutive Year
One of the fastest recovering economies in the pandemic, Vietnam’s export growth is pulling away from Shenzhen for the third year, after surpassing it for the first time in 2020. According to data released on April 8 by Vietnam’s bureau of statistics, the country’s total export value for the first quarter of 2022 rose to…
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