September 17, 2013
The trade deficit has fallen to 1.5 billion according to the National Statistical Office of Mongolia.
As estimated, total export turnovers reached 6.9 billion US dollars in the first 8 months but fell to 7.6 percent compared to the same period of last year. More…
September 17, 2013
Cambodia has witnessed a trade deficit of 1.41 billion U.S. dollars in the first eight months of the year, according to figures from the Ministry of Commerce on Monday.
The country’s total import and export volume was valued at 10. 45 billion U.S. dollars during the January-August period this year, up 20 percent from 8.67 billion U.S. dollars over the same period last year, the figures showed. More…
September 12, 2013
Source: The Express Tribune
Pakistan’s trade deficit contracted marginally to $3.3 billion in the first two months of the fiscal year 2013-14 as exports outpaced the anaemic growth in imports – reducing the pressure on precious foreign currency reserves, but underlining deep structural weaknesses of the overall economy. More…
September 11, 2013
Source: The Times of India
India’s exports climbed 13% to $26 billion in August and imports fell marginally as gold imports stalled, helping trim the trade deficit to just under $11 billion and provide much-needed support to policymakers battling to shore up the rupee.
A widening trade deficit has been a key contributor to India’s record current account deficit. More…
September 10, 2013
Source: The Himalayan Times
Banks are issuing fewer Letters of Credit (LC) for imports as the strong dollar has compelled importers into postponing import orders.
Since importers have become nervous about the constant upward movement of the US dollar, they are refraining from making orders or have reduced the order size. More…
September 4, 2013
Source: The Voice of Vietnam
The Ministry of Industry and Trade (MoIT) has estimated Vietnam’s eight-month export earnings at US$84.82 billion, representing an annual increase of 14.7 percent.
The MoIT said export revenue hit US$11.5 billion and imports were valued at US$11.8 billion in August alone, rising 5.2 percent from July. More…
August 23, 2013
Source: The Nation
Pakistan’s textile exports have surged by over 10 per cent in July 2013 mainly due to sharp increase in dollar value against the Pakistani rupee, which is under severe pressure these days.
According to the figures of Pakistan Bureau of Statistics (PBS) released on Wednesday, the country exported textile related goods worth of $1.21 billion during the month of July 2013, which were $1.09 billion in same month of preceding year 2012, showing an increase of 10.96 per cent in one year. More…
July 25, 2013
Reposted from the International Business Times
Workers count Myanmar’s kyat banknotes at the office of a local bank in Yangon.
By Sophie Song
The opening of Myanmar’s economy along with its floating currency and growing demand for imports has led to a worsening trade deficit and significant weakening of the Myanmar kyat (MMK) against the dollar. Investors have no reason to worry, however, as these are necessary growing pains for the rapidly emerging economy, according to the analysts at Standard Chartered Bank. More…
March 13, 2013
Reposted from Monet Capital
By Vidur Jain
The Government of Mongolia (GoM), looks to be tight for cash as is becoming apparent through their recent action. The Government has halted the “100 Thousand Apartments” program and the low-interest financing for its would-be residents. This has led to resentment amongst the successful housing applicants, who are threatening a hunger strike on the Sukhbaatar Square in front of the parliament building. More…
January 16, 2013
Reposted from The Daily Star
By Rejaul Karim Byron
Trade deficit in the first five months of fiscal 2012-13 narrowed by 22 percent on the back of falling imports.
In July-November, imports fell by 4.31 percent year-on-year to $13.47 billion. In the month of November itself, imports fell by 5.25 percent.
On the other hand, exports increased by 3.96 percent during that period. More…