Page 177 - Import News Today

Export prices in South Korea were down 7.5 percent on year in April, the Bank of Korea said on Tuesday - exceeded expectations for a decline of 9.0 percent following the 6.

Indonesia saw a year-on-year (YoY) decline in imports in April 2023 to US$15.35 billion, Statistics Indonesia (BPS) reported.

Inflation cooled to multi-month lows but the industrial growth was tepid and well below expectations, and merchandise exports contracted as global demand fell 

The biggest fall in imports has been in vegetable oils, fertilisers, coal, all of which are now at much lower prices from a year ago  

Koreas import prices rose for the third straight month in April largely due to a weaker won and the higher price of crude oil, central bank data showed Tuesday.

Saudi Arabia, United Arab Emirates and the US completed the list of the top five suppliers with exports of 39.37 mt, 21.50 mt and 15.16 mt to India during the financial year ended 31 March.

The fall in imports is notable in electronic items where the PLI (production linked incentive) scheme is operational, the report by Global Trade Research Initiative (GTRI) said.

Philippine President Ferdinand Marcos Jr on May 15 approved the import of up to 150,000 tonnes of sugar to stabilise local prices due to domestic shortfall.

An Australian energy major wants to import carbon dioxide from Asia to store in its local reservoirs, a sign that carbon capture and storage is gaining traction.

News analysis Not even a month ago, reports of a first-quarter consumer-spending surge created much enthusiasm about China’s ...