Indonesia seen returning to trade deficit

Indonesia seen returning to trade deficit

Indonesia is likely to have swung back to a trade deficit in July, which would snap a two-month streak of trade surplus, as the country’s exports and imports are seen plunging amid broader weakness in global trade, a Reuters poll showed on Tuesday, August 13.

The median forecast from 13 economists in the poll was for a $420 million trade deficit last month, compared with a $297.3 million revised surplus in June.

“It’s more due to the effect of a continued slowdown in the global economic growth,”...

Export malaise hits Germany

Export malaise hits Germany

Momentum in German exports slowed in the first half of 2019 and abruptly reversed in June, data showed on Friday, Aug. 9, adding to signs of broad-based weakness in an economy increasingly relying on domestic demand to eke out even meager growth.

A global growth slowdown accompanied by tariff disputes and uncertainty over Brexit has impacted growth across western Europe, but Germany’s traditionally export-reliant economy – the continent’s largest – has been particularly vulnerable.


China’s exports unexpectedly rise in July

China’s exports unexpectedly rise in July

China reported trade data that was better than expected despite mounting economic pressure...

China’s July exports seen falling again

China’s July exports seen falling again

China’s exports probably fell for a second successive month while imports likely contracted more sharply in July, a Reuters poll showed, hurt by tit-for-tat tariffs in a rapidly escalating trade war between the world’s two biggest economies.

U.S. President Donald Trump has threatened to slap tariffs on more Chinese goods on top of duties already imposed, and Beijing has responded by halting the purchase of U.S. agricultural products.

If trade data due on Thursday are in line with economists’...

US – China trade war affects intermodal container activity

US – China trade war affects intermodal container activity
According to Intermodal Association of North America (IANA), its activity was weak during the second quarter of 2019. IANA’s estimate concerning the intermodal container activity highlights the deepening of the freight recession that railroads and trucking companies saw in the 2019 second quarter.

In general, although the East Coast ports took a larger share of the import container trade, IANA supported that volume in the trans-Pacific trade lane remains weak due to the U.S.-China trade war, whi...

Australia extends prohibition on live sheep exports for 2019

The Australian Department of Agriculture announced the extension of the prohibition on live sheep exports to or from the Middle East to September 22, 2019. Prior to concluding to this decision, the department took under consideration available science and evidence, and also public feedback.

In essence, RSPCA had already announced its support on the proposed new regulatory protections for live sheep exports to the Middle East during September and October.  RSPCA Senior Policy Officer, Dr Jed...

Australia announces charges with cruelty to animals against livestock exporter

Western Australia’s Department of Primary Industries and Regional Development announced the charges against Emanuel Exports, Perth-based live export company, and two of its Directors with alleged cruelty to animals under the State’s Animal Welfare Act.

Overall, the company’s subsidiary, and an associate of Emanuel, EMS Rural Exports Pty Ltd, saw its livestock export licence cancelled by Australia’s Department of Agriculture, as it was involved on a notorious incident of thousands of sheep dying...

Shenzhen sees export growth in H1

Shenzhen sees export growth in H1

The export of south China’s technological powerhouse Shenzhen reached 757.14 billion yuan (110.07 billion U.S. dollars) in the first half of 2019 (H1), up 5.1 percent year on year, according to local customs.

The city’s trade volume with Belt and Road (B&R) countries reached 284.14 billion yuan in H1, up 5.7 percent year on year.

Private enterprises in the city contributed 775.42 billion yuan of export and import in H1, accounting for 58 percent of the total in the city.

Read more on Xinhua.


US and China to lead LNG imports and exports in 2024

The International Energy Agency expects that China and the US will become world’s biggest LNG exporters and importers in five years. The US will surpass Australia’s and Qatar’s LNG exports in 2024, Reuters reports.

Speaking at a presentation sponsored by Columbia University’s School of International and Public Affairs Center on Global Energy Policy in New York, Jean-Baptiste Dubreuil, senior natural gas analyst at IEA stated that American LNG exports are expected to make a giant leap to over...

Exports from Abu Dhabi ports up by 14.8%

The value of exports through Abu Dhabi ports grew 14.8% from AED 24.0 billion in the first quarter of 2018 to AED 27.6 billion in the same period of 2019, according to official figures released by Statistic Centre – Abu Dhabi, SCAD.

However, the value of exports fell by AED 1.1 billion during the first quarter of 2019, in comparison ton the fourth quarter of 2018. This was due to reductions in the value of the business sector and government sector by 4.3% and 11.7% respectively, with the value...