Discover and read the best of Twitter Threads about #IMPORT

Most recents (24)

At the beginning of February 2022, #Biden warned that "if #Russia invades #Ukraine with tanks and troops, then there will be no more #NordStream2"
#ItsDone #NordStream: Fourth leak found as Russia and West trade blame over alleged sabotage of gas pipeline | Sep 29
- #EU and #US have stopped to directly accusing Russia, a #Kremlin official was rebuked after hinting that #Washington was #responsible.
ImageImage
Read 42 tweets
. @StateBank_Pak has released disaggregated #trade data for #Pakistan, for the first half of FY23. Some analysis on main trends in πŸ§΅πŸ‘‡πŸ‘‡
1) #Pakistan's #exports have declined in H1 FY23 relative to H1 FY22 by 4%. The fall is driven by goods #exports that fell by 5.8%. in million USD
2) By #destination, the largest #export contractions are observed to the USA, China, the UK and the UAE.
#Pakistan Image
Read 11 tweets
#Pakistan is going thru a complex #macro situation. At its heart is one symptom: the #CAD. Because the CAD has been perennial, this long-standing symptom translated into large foreign liabilities. Short πŸ§΅πŸ‘‡
a) The #CAD shows that #Pakistan has been consuming beyond what it produces. At its heart, there’s another perennial deficit: the fiscal deficit.
b) To fix the #CAD, compressing #imports is futile (e.g. with the flood levy). You need either to reduce the fiscal deficit, or increase private saving well beyond investment. πŸ‘‡
Read 10 tweets
#Herzl: "It's essential that the sufferinngs of jews become worse." #TaShuVu.
#Brenner: #Nazi-#Zionist economic partnership. ImageImageImage
#Russia's President #Putin: 'Victory in #Ukraine is assured, I have no doubt about it.' | 18 January 2023
- Putin was speaking from his home town of St. #Petersburg in televised remarks.
He is trying to END war that has continued in #Donbas since 2014.
dailymail.co.uk/embed/video/28… Image
The #HouseBill269 - against #nazi-#zionists.
Bipartisan bill targets anti-Semitic incidents by making them felonies | January 26, 2023
- State lawmakers of both parties are pushing a bill to counter the rising number of anti-Semitic incidents in #Florida.
wmfe.org/politics/2023-…
Read 20 tweets
⚑China's Jan-Nov surplus (in USD terms) $802.04 billion
#Imports +2.0% y/y
#Exports +9.1% y/y
1/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
#China's Jan-Nov surplus (in yuan terms) 5.34 trillion yuan
#Imports +4.6% y/y
#Exports +11.9% y/y
2/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
China November trade balance(in yuan term) 494.33 bln yuan; Est. 486.0bln, Prev. 586.8bln;
#Imports -1.1 y/y ; Est. +7.1%, Prev.+6.8%;
#Exports +0.9% y/y ; Est. +8.2%, Prev.+7.0%.
3/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
Read 7 tweets
⚑
China October trade balance(in USD term) $85.15bln; Est. $95.97bln, Prev. $84.75 bln;
#Imports -0.7% y/y ; Est. +0.0%, Prev.+0.3%;
#Exports -0.3% y/y ; Est. +4.5%, Prev.+5.7%.
1/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
#China October Yuan-denominated trade data
Trade balance +586.81 bln yuan; Prev.+573.57 bln yuan;
Imports +6.8% y/y, Est.+10.0%, Prev.+5.2%.
Exports +7.0% y/y, Est.+12.7%, Prev.+10.7%.
2/ thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
3/ #China's Jan-October #trade with
ASEAN +15.8% y/y to 5.26 trillion yuan
πŸ‡ͺπŸ‡ΊEU +8.1% y/y to 4.68 trillion yuan
πŸ‡ΊπŸ‡ΈUS +6.8% y/y to 4.21 trillion yuan
πŸ‡°πŸ‡·Korea +6.5% y/y to 2.02 trillion yuan
#trade
Read 5 tweets
China September trade balance(in USD term) $84.75bln; Est. $80.3 bln, Prev. $79.39 bln;
#Imports +0.3% y/y ; Est. +0.0%, Prev.+0.3%;
#Exports +5.7% y/y ; Est. +4.0%, Prev.+7.1%.
1/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
#China September Yuan-denominated trade data
Trade balance +573.57 bln yuan; Est.+564.30 bln yuan, Prev.+535.91 bln yuan;
Imports +5.2% y/y, Est.+8.4%, Prev.+4.6%.
Exports +10.7% y/y, Est.+11.3%, Prev.+11.8%.
2/ thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
CHINA JAN.-SEPT. IMPORTS RISE 4.1% Y/Y, EXPORTS +12.5%.
3/Thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
Read 6 tweets
1/ #Sanctions are hitting #Russia's economy in many ways, but two goals are key:
1.) Diminish Putin's ability to redistribute rubles within Russia (depends mostly on #budget).
2.) Diminish Russia's ability to #import (depends on availability of foreign exchange AND restrictions).
2/ It all boils down to these two things. If the budget is doing fine and imports are doing fine, then the regime can compensate for any sanctions damage with transfers. If there is problem with either one, the government faces difficult foreign/domestic policy tradeoffs.
3/ The budget and the ability to import are the "transmission belts" through which economic effecs of #sanctions become political. The budget is the pie that Putin can share among military/elites/population. The imports are decisive for the size of the pie and how tasty it is.
Read 12 tweets
JUST IN:
China August trade balance(in USD term) $79.39 bln; Est. $92.40 bln, Prev. $101.26 bln;
#Imports +0.3% y/y ; Est. +1.20%, Prev.+2.3%;
#Exports +7.1% y/y ; Est. +13.0%, Prev.+18.0%.
1/ thread #trade #import #export #economy πŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
JUST IN:
#China August Yuan-denominated trade data
Trade balance +535.91 bln yuan, Prev.+682.69 bln yuan.
Imports +4.6% y/y, Est. +6.3%, Prev.+7.4%.
Exports +11.8% y/y, Est. +18.5%, Prev.+23.9%.
2/ thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
CHINA JAN.-AUG.IMPORTS RISE 5.2% Y/Y, EXPORTS +14.2%, TRADE SURPLUS 3.66 TRILLION YUAN.-CUSTOMS
3/Thread #trade #import #export #econtwitter πŸ‡¨πŸ‡³
Read 6 tweets
Now we have dissaggregated @StateBank_Pak data on #Pakistan's #trade performance for the full of the FY22.

This thread will show performance in #values. not #volumes. Keep in mind FY22 was extraordinary in terms of high #prices, both for #imports and #exports. πŸ‘‡πŸ‘‡πŸ‘‡πŸ§΅
1\ #Exports reached record highs, both #goods and #services, increasing by 26.6 and 17.1% respectively w.r.t. FY21. Good export prices and a decent #export response played a role here. Note: June 2022 is preliminary. Figures are Jul-Jun FY22 and
2\ #Pakistan #export growth was generalized by main destination. Particularly noticeable are increases in shipments to #USA and to #China - the two largest destinations.
Read 10 tweets
Fun #trade fact:

#Pakistan's #Imports of mobile phones on a monthly basis fell from $124M in FY21 to $27M in FY22.
πŸ‘‡πŸ‘‡πŸ‘‡However....
#Pakistan's #imports of Completely Knocked Down (CDK) kits of #mobile phones increased from $52.8M to $110.2M in the same period.

Overall, #imports of mobiles + CKD #mobiles did not change on a monthly basis, between FY21 and FY22 (177M versus 174M) πŸ‘‡πŸ‘‡
What I conclude:
1) The #import substitution argument to save #dollars is weak.
2) As I learned from @ashraf179, no forex saving, but foregone revenue: duties on parts are lower than on the final product.
3) There may be a job gain, but limited.

#funfact #trade #mobiles
Read 3 tweets
A month ago I wrote this 🧡 on why #import duties were not the answer to #Pakistan's Balance of Payments constraints. #ImportBans are certainly not the answer either. Rather, they exacerbate the underlying problem. Five thoughts. πŸ§΅πŸ‘‡

1\ The usual: CAD results from a macro imbalance (Saving too low relative to investment, so foreign saving needed (borrowing) (CAD is the mirror image of borrowing from the rest of the world (financial account of BOP)). Fixing the CAD takes increasing saving (cool off demand).
2\ The #importban in #Pakistan reduces #imports (does it? see point 3\ below), but not the CAD, because it also reduces #exports.
profit.pakistantoday.com.pk/2022/05/01/imp…
Read 8 tweets
Thank you for the feedback, dear Yousuf. If you read the article carefully, you will see this is specific & data driven. A short thread to explain. πŸ‘‡πŸ‘‡πŸ‘‡
Figure 2 in the article is built from a careful analysis combining micro-level *data* from all listed firms in Pakistan, & effective rates of protection (calculated based on FBR data on import duties and the latest input output *data* from IFPRI. It conveys the key message. πŸ‘‡
Figure 3 comes from a careful econometric analysis we did w/@StefaniaLovo in which we recover markups from the data, and estimated systematic effects of changes in #import duties on these markups. It conveys the key message. πŸ‘‡
Read 6 tweets
Since this article on #import duties as implicit #export taxes went to 'print', I received some very good feedback, so let me add two points below to add clarity mechanisms at play here. πŸ‘‡πŸ‘‡
1\ An 'innocent' 10% #import duty on bikes increases the relative profits of selling domestically versus #exporting by 40%! thus deterring new #exporters [assumptions are based on @PBSofficialpak numbers!]
Table below takes you through it. #Pakistan #Trade πŸ‘‡πŸ‘‡
2\ From a #policy angle, how do you shift from an #ImportSubstitution mindset (which is the same as saying #Export substitution one) to an #Export led growth one? All of a sudden? No. Here are some ideas. #Pakistan

PS: thanks to @MOPasha84 for helping make the case clearer.
Read 3 tweets
Fast #import growth has overshadowed some very good news in #Pakistan. The latest release of disaggregated #trade data by @StateBank_Pak reveals that the first nine months of FY22 showed #record high #exports in real terms, since there's statistics.
Short πŸ§΅πŸ‘‡ w/ more results.
1\ #exports grew by 24.8% in the first 9 months of FY22 w.r.t. same period of FY21, reaching 23.7 bn for goods and 5.2 bn for services.

#Pakistan #trade
2\ All top destinations show fast #export growth. Shipments to the #USA and to #China in particular.
Read 9 tweets
Higher #import duties to tackle the #BOP problem is the wrong advice. It won't deliver on the intended objective. Why? πŸ§΅πŸ‘‡ brecorder.com/news/40168085/…
1\ The #CAD is the result of a Saving/Investment imbalance. The sustainable solution to the #CAD entails policies that increase #saving.
2\ #Import duties might be a patch that in the short run curbs imports, but they will curb #exports too. Why? B/C they increase the profitability to sell at home, so firms shift from export to domestic markets. Import duties are implicit #export taxes. They won't reduce the CAD. Image
Read 9 tweets
With @StateBank_Pak releasing dissaggregated #trade data for December, we have a picture of the full 2021, which, despite #supply #chain disruptions worldwide, was 'good' for #Pakistan. Short thread below:
1\ #exports grew by 30.1% in 2021 w.r.t. 2020, with a strong pick up in merchandise, but also substantive in services.

#trade #Pakistan
2\ To be sure, in #real terms, #Pakistan's #exports remain below its local max in 2011. So, no 'record exports' if we talk real terms and not values.
Read 9 tweets
What Is a CoO?

A certificate of origin is a document declaring in which country a commodity or good was manufactured
The certificate of origin contains information regarding the product, its destination, and the country of export marked β€œMade in USA” or β€œMade in China”.
Required by many treaty agreements for cross-border trade, the CO is an important form because it can help determine whether certain goods are eligible for import, or whether goods are subject to duties.

Steps for obtaining a Paper Certificate of Origin:
Read 9 tweets
A thread: What is China’s energy import/export makeup? Have they historically been net importers? Starting in 2000s, as the economy grows, China becomes less energy dependent. 1/5
Coal dominates as the 2/3 source of energy supply in China. 2/5
The most dramatic domestic production/import mix change over time for China crude. 3/5
Read 7 tweets
1/3. A thread on ballpark estimate of -1% China growth shock, IF really bad chain reactions as some China commentaries suggesting

#Evergrande Fallout LEADS To
#Real #Estate #Contraction -10% LEADS To
#China #GDP -1% LEADS to

#US and the rest of the world?
2/3. IMF paper @KamiarMohaddes etc. estimated in 2016, w. -1% China growth shock

GLOBAL growth - 0.23%.
#INDIA will be least impacted.
#ASEAN-5 countries (except Philippines), ranging between -0.23% and -0.35%
#EURO Area -0.12%
#UK -0.04%
#US -0.07%

imf.org/external/pubs/…
3/3. Caveats: written 2016. Estimates Statistical with wide band. China has further integrated with the world where it BOTH imports and exports significantly. Hope Prof. @KamiarMohaddes keep updating as it will be called up frequently next 30 years
Read 5 tweets
#China Jan -Sept. imports rise 22.6% y/y and Jan.-Sept. exports +22.7% y/y in yuan terms.
#trade #import #export #economy πŸ‡¨πŸ‡³
China's General Customs' Jan-Sept Import Data: (YoY)
#crude oil imports fall 6.8% y/y to 387 mln tonnes;
#natgas imports rise 22. 2% y/y to 89.85 mln tonnes;
#ironore imports fall 3% y/y to 842 mln tonnes;
#copper imports 4.02 mln tonnes, down 19.5% y/y.
#OOTT #trade #importπŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
In the first three quarters of this year, #China's #exports reached 15.55 trillion yuan, up 22.7% y/y and #imports reached 12.78 trillion yuan, up 22.6% y/y.

Foreign trade imports and exports have achieved positive year-on-year growth for five consecutive quarters.
#commodities
Read 4 tweets
Due anni fa avvisavo del cambiamento che l'auto #elettrica avrebbe portato.
Se ora chiudono le fabbriche di componentistica non Γ¨ un caso.
1/n
Indubbiamente gli investimenti delle case automobilistiche (si parla di decine di miliardi di euro all'anno) evidenziano che la direzione Γ¨ quella di una sempre maggiore penetrazione nel mercato di questi veicoli, anche sotto la spinta del cosiddetto "climate change".
2/n
Ma quali fattori sono da tenere in considerazione in questa #rivoluzione, al di fuori dell'aspetto ambientale?
3/n
Read 6 tweets
On May 26th @StateBank_Pak released #Pakistan's disaggregated #trade statistics for April '21. We now have 10 months of the FY21. Some analysis in #thread below. πŸ‘‡πŸ‘‡πŸ‘‡
#Pakistan #exports of #goods & #services grew by 6.2%., surpassing the US$25 billion mark. (2/n) Pakistan exports of goods and services, first 10 months of F
By #destination: substantial increases of shipments to #China and the #USA. Stability with #Afghanistan, and contractions in shipments to #UAE.

[#export growth to China and USA is confirmed by mirror data analysis] (3/n) Pakistan exports by destination, in million USD. (source SBP
Read 10 tweets

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