Lockdown measures in some of the key export markets subdued India’s merchandise exports in December 2020 by 0.80 per cent to $26.89 billion from $27.11 billion in December 2019, preliminary data showed.
German exports shrank more than 12% last year as demand from the United States and Britain collapsed due to the coronavirus pandemic while Asia remained the only bright spot for Europe’s largest economy, the BGA trade association said.
Manufacturers across Europe ended 2020 on a high while Asian factory activity expanded moderately thanks to robust demand in regional giant China, surveys showed, but the prospect of tougher coronavirus curbs clouded the outlook for the recovery.
Rice shipping delays in India come at a bad time when consumer demand for the grain surges. The global rice market is grappling with logistical disruptions at major supply ports caused by a lack of shipping containers at the same time a worldwide rush to
China-Pakistan Free Trade Agreement Phase-II (CPFTA-II) effective since Jan.1, last year is now showing results. Pakistan’s exports to China shot up by 64 per cent during January-March 2021,
Export-Import Bank of India (Exim Bank) has projected India’s total merchandise exports for the first quarter of FY22 to reach $87.2 billion. It would be around 70 per cent higher than $51.3 billion during the same quarter last fiscal, Exim Bank said.
Dubai Chamber member companies’ exports and re-exports to West Africa surged 42 per cent in first five months of 2021 to reach a record $387 million,
India’s merchandise exports in July 2021 rose to $35.43 billion, higher by 49.85 per cent on a year-on-year basis, official data showed. Exports during July 2020 stood at $23.64 billion.
Sharjah’s trade mission to Russia concluded its work by holding several meetings with officials from representatives of government agencies and private companies in Saint Petersburg.
A senior Biden administration official said the global pandemic will be a key topic on Sept. 24, when US President Joe Biden will host the first in-person summit of leaders of the "Quad" countries — Australia, India, Japan and the United States.