Tag: export

China’s Exports to Russia Up by More Than 20 Percent as Growth Slows Elsewhere

BEIJING—China’s exports to sanctions-hit Russia rose at a double-digit pace for the third consecutive month in September, bucking the trend of weakening external demand elsewhere amid the Russia–Ukraine war and a global economic slowdown. Reuters calculations based on Chinese customs data on Monday showed shipments of Chinese goods to Russia rose 21.2 percent from a…


Apple Helps Taiwan Export Orders Resume Growth in August, Outlook Mixed

TAIPEI—Taiwan’s export orders unexpectedly expanded in August on strong demand for technology and new consumer electronics product launches like iPhones even as the island’s largest market China faced continued headwinds. But the government said the outlook was mixed due to a series of uncertainties including high global inflation, increasing geopolitical risks and new COVID-19 strains….


Two More Grain Ships Sail From Ukraine as Third Port Opens

ISTANBUL—Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain exports. The United Nations and Turkey brokered the agreement last month after warnings the halt…


Oil From US Reserves Sent Overseas as Gasoline Prices Stay High

HOUSTON—More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact…


China’s May Export Surge Means Little for the Longer Term

Commentary May was a great month for Chinese exports. According to the General Administration of Customs, this most recent month for which data are available saw a 12.7 percent rise over April in the value of China’s exports. The administration notes that if this pace holds up, it will overcome the weakness of earlier months…


Indonesia to Cut Maximum Palm Oil Export Tax and Levy to a Combined $488 per Tonne—Trade Minister

JAKARTA— Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 per tonne from $575 per tonne to encourage shipments. Indonesia, the world’s biggest palm oil producer, has allowed palm oil exports to resume after a three-week ban, but progress…


Indonesia to Cut Maximum Combined Palm Oil Export Tax and Levy: Trade Minister

JAKARTA—Indonesia will slash its combined maximum crude palm oil export and levy rate to $488 per metric ton from $575 to encourage shipments, Trade Minister Muhammad Lutfi said on June 7. Indonesia, the world’s biggest palm oil producer, has allowed palm oil exports to resume after a three-week ban, although progress has been slow due…


German Exports Bounce Back in April From Ukraine War Impact

BERLIN—German exports rose more than forecast in April, as Europe’s biggest economy relied on trade with the United States and the euro area to recover from the initial impact of the war in Ukraine, government data showed on Friday. Exports rose 4.4 percent from the previous month, the Federal Statistical Office said, almost three times…


Russia Limits Exports of Noble Gases, a Key Ingredient for Making Chips

Sanctions-hit Russia has limited exports of noble gases such as neon, a key ingredient for making chips, until the end of 2022 to strengthen its market position, its trade ministry said on Thursday. Russia’s export curbs could worsen the supply crunch in the global chips market. Ukraine was one of the world’s largest suppliers of…


China’s Exports Growth Hits 2 Year-Low as COVID Curbs Hit Factories

BEIJING—China’s export growth slowed to single digits, the weakest in almost two years, while imports barely changed in April as tighter and wider COVID-19 curbs halted factory production and crimped domestic demand, adding to wider economic woes. Exports in dollar terms grew 3.9 percent in April from a year earlier, dropping sharply from the 14.7…