Discover and read the best of Twitter Threads about #import

Most recents (24)

Fun #trade fact:

#Pakistan's #Imports of mobile phones on a monthly basis fell from $124M in FY21 to $27M in FY22.
👇👇👇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) 👇👇
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. 🧵👇

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. 👇👇👇
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. 👇
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. 👇
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. 👇👇
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 👇👇
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 🧵👇 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? 🧵👇 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
CROONICLE: Guide on Importing Spices to Canada croonicle.com/2022/03/the-cb… #import
CROONICLE: How to Release the True Potential of Garlic croonicle.com/2022/03/how-to… #health #wellness
CROONICLE: Knowing When to Get Rid of Clothes croonicle.com/2022/03/knowin… #downsizing
Read 30 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 “Made in USA” or “Made 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 🇨🇳
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 #import🇨🇳 🇺🇸
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 è un caso.
1/n
Indubbiamente gli investimenti delle case automobilistiche (si parla di decine di miliardi di euro all'anno) evidenziano che la direzione è 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. 👇👇👇
#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
#Philippines #Manilla #BirdFlu #H5N6 #H5N8 #Import #BAN

The Philippines is now free of the highly pathogenic H5N6 bird flu virus, said the Department of Agriculture on Tuesday (19 January), citing a statement by the World Animal Health Organization (OIE).
The South-East Asian region, however, is one of the largest importers of meat, esspecialy for chicken, beef and other poultry products, but the report said that it is not dropping the guard against the disease.
A temporary ban on imports of domestic and wild birds and their products from France, South Korea, the Netherlands and Poland has been imposed by the Department of Agriculture, where another newer highly pathogenic strain, H5N8, had been found.
Read 4 tweets
#BREAKING🚨

#China #Bejing #Import #taax

China will initiate anti-dumping measures, the Ministry of Commerce said Friday, against imported ethylene propylene diene monomer (EPDM) goods from the #UnitedStates (USA), the Republic of #Korea (ROK) and the #EuropeanUnion (EU).
Starting Sunday, duties will be collected for a five-year period at rates ranging from 12.5 percent to 222 percent, the ministry added. The EPDM is commonly used to make auto components, wires, cables and other industrial goods as feedstock.
Chinas justification: " China's domestic industry has suffered substantial damage due to the dumping of such products by the United States, the ROK and the EU, the ministry said in a final ruling based on an anti-dumping investigation launched in June last year."
Read 4 tweets
#BREAKING NEWS🚨🚨🚨🚨

#CHINA #BEJING #FOOD #IMPORT #CORONAVIRUS

After live coronavirus was found on the outer packaging of imported cold chain food in three cities in two days, China is now requiring imported cold chain food to be thoroughly disinfected before going to market,
leading to increasing public concerns. In order to achieve closed-loop control and traceability for the entire process, imported cold chain foods will be thoroughly disinfected in order to reduce the risk of bringing in COVID-19 via imported cold-chain food,
China's State Council announced on Monday. The loading and transport carriers and the inner and outer packaging of the cold chain food are also related items that are also needed to be completely sterilized.
Read 14 tweets
🌄Good evening everyone!

Welcome to In Conversation with 𝐃𝐫 𝐑 𝐂𝐡𝐢𝐝𝐚𝐦𝐛𝐚𝐫𝐚𝐦, Former Principal Scientific Adviser to Govt. of India, Chairman AEC & Secretary @DAEIndia👥

🗣️Please post your recommendations, comments with #ChatwithRChidambaram
👸👸This live-tweet thread is curated by @AnamZille & @Jengovz on behalf of @spf_in

🌸🌸Opening the session with a warm welcome by @ChagunBasha @DSTCPRIISc @PrinSciAdvGoI
Read 43 tweets
1-We have been talking about #Mantras and their place in the #Vedic #Tradition.

Today, let’s dwell on the #Shakti Mantras – quite perhaps the most #esoteric and #Powerful entities in their own right. (1/19)

#गुप्तज्योतिष
2-A word of caution here.

Shakti Mantras are like an Atomic Bomb

They are extremely powerful

..and should be practiced with due consideration, initiation and guidance by your #Guru and under your full #Intuition. (2/19)

@ijyotish @shashankupadhy_

#astrologicalnuggets
3-Fundamentally, Shakti Mantras are extremely powerful, mono or single syllabled mantras.

In the higher Yogic practices they have a special usage. (3/19)

#thumbrulesofastrology
Read 19 tweets
I wish to draw your attention to three news items in this week.

1. There was a news indicating that #employment in rural areas has increased during last few days and the rate of increase is noticeable higher than that in urban areas.
Honorable Pradhan-Sevak ji, in his “#MankiBaat” gave examples of rural poor who despite scares resources set example of innovative and socially relevant work.
@PMOIndia
Honorable CM of Maharashtra mentioned in his address to the state that farmers in Maharashtra are not locked down but are working for sowing and nurturing the crops.

@CMOMaharashtra
Read 6 tweets
(1/n)Thread on "The Call to Boycott Made in China Products".
Src: CNBC TV18

#India's Trade Deficit with #China:
FY17: Rs.3,43,853 cr
FY18: Rs.4,06,241 cr
FY19: Rs.3,74,790 cr
FY20: Rs.3,06,634 cr (Apr-Jan)

#investment #AtmaNirbharBharat #coronavirus #economy #GDP #stockmarket
(2/n) India - China trade Imbalance:

Imports: US$70,408 mn
Exports: US$16,783 mn
Deficit: US$53,625 mn

#China #India #BoycottChina #BoycottMadeInChina #BoycottMadeInChina #investors #import #export #CoronavirusIndia
(3/n)- India's imports from China:
Category : Share
Manufacturing: 95.94%
Chemicals: 19.53%
Engg & Transportation: 30.67%
Electronics: 31.63%
Ores & Minerals: 1.62%
Agri & related: 0.44%
Crude & petro prdts: 1.42%
Others: 1.58%

#BoycottChina #BoycottMadeInChina
Read 5 tweets
Die #BReg möchte grünen #Wasserstoff aus #Nordafrika (#Marokko) importieren.
Fragen, die sich dazu sicher viele stellen:
➡ Was sind die Gründe dafür?
➡ Ist das wirklich sinnvoll?

In diesem Thread wollte ich Antworten darauf geben.
Am Ende habe ich aber noch mehr Fragen!
1/9
Der Reihe nach: Für die Beantwortung der beiden Fragen ist das Dokument "Kosten der Produktion von grünem Wasserstoff" wichtig, erstellt vom wiss. Dienst des Bundestags.
Darin wird auch der Import von grünem Wasserstoff beleuchtet. bundestag.de/resource/blob/…
2/9
Der #WissenschaftlicheDienst macht es sich beim Thema Import einfach und zitiert u. A. aus einer @greenpeace_de-Studie.
Ich habe für Euch die beiden wichtigen Sätze markiert.
3/9
Read 10 tweets
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

#Covid
Read 10 tweets

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