Japan records huge trade surplus in Feb '17 due to strong export growth
The Dollar Business Bureau This February, for the 32nd consecutive month, Japan registered a current account surplus. Information released by Japanese finance ministry shows that the country generated a $25.26 billion current account surplus during February 2017, showing year on year growth. After a slowdown in the beginning of the year due to the Lunar New Year season, Japanese exports rebounded and strengthened the trade balance to $7.3 billion in February, reversing a deficit in the month of January. While exports inched up 11.3% y-o-y to $56 billion approximately, imports stood at around $49 billion, growing marginally y-o-y at 1.2%. Since 2010, this has been the largest monthly trade surplus registered by Japan. These strong trade parameters are under threat from rising energy ...
Market diversification behind Indias engineering goods export resilience in 2014
Bidhu Bhushan Palo | The Dollar Business While much remains to be done in India’s product diversification, market diversification in some sectors have helped the country tide over the global economic slowdown seen in recent years. According to a recent Reserve Bank of India (RBI) report, India’s trade performance improved significantly in Q1 of 2014-15 (to around 9% y/y), but declined by almost 50% in Q2 of 2014-15 due to weakening demand in major markets, triggering concerns about India’s trade balance. However, overall growth in April – September 2014 stood at around 6.5%, slightly better than the 6.3% seen in the corresponding period the previous year. However, export growth was restricted to a few sectors such as engineering goods, petroleum ...
Indias Foreign Trade (Merchandise): November, 2014
Dated 15th December, 2014 | Press Release | EXPORTS (including re-exports) Exports during November, 2014 were valued at US $ 25960.57 million (Rs.160187.60 crore) which was 7.27 per cent higher in Dollar terms (5.68 per cent higher in Rupee terms) than the level of US $ 24201.83 million (Rs. 151583.34 crore) during November, 2013. Cumulative value of exports for the period April-November 2014-15 was US $ 215756.04 million (Rs 1305792.96 crore) as against US $ 205436.81 million (Rs 1231786.75 crore) registering a growth of 5.02 per cent in Dollar terms and growth of 6.01 per cent in Rupee terms over the same period last year. IMPORTS Imports during November, 2014 were valued at US $ 42821.63 million (Rs.264227.44 crore) representing ...
Failure to sign TFA at SAARC is disappointing: CII
Neha Dewan | @TheDollarBiz India's Prime Minister Narendra Modi along with the SAARC leaders, during the 18th SAARC Summit, in Dhulikhel, Nepal, on November 27, 2014. (Pic. source - PMO, India) The Confederation of Indian Industry (CII) has said that it is disappointing that several Trade Facilitation Agreements could not be signed at the 18th SAARC Summit that concluded yesterday. CII has welcomed Prime Minister Narendra Modi’s suggestions for a 3-5 year business traveller card for SAARC nationals and the Special Purpose Facility for financing regional infrastructure. However, it said that other agreements could help reduce trade barriers and trade cost significantly within the region. CII said that the SAARC Motor Vehicle Agreement for the regulation of passenger and cargo ...
Indias Foreign Trade (Merchandise): October, 2014
17 November, 2014 | F. No. 1(11)/2014 - EPL | A. EXPORTS (including re-exports) Exports during October, 2014 were valued at US $ 26094.07 million (Rs.160066.25 crore) which was 5.04 per cent lower in Dollar terms (5.47 per cent lower in Rupee terms) than the level of US $ 27480.13 million (Rs. 169320.47 crore) during October, 2013. Cumulative value of exports for the period April-October 2014-15 was US $ 189795.47 million (Rs 1145605.36 crore) as against US $ 181234.98 million (Rs 1080203.41 crore) registering a growth of 4.72 per cent in Dollar terms and growth of 6.05 per cent in Rupee terms over the same period last year. B. IMPORTS Imports during October, 2014 were valued at US $ 39451.53 ...
