Discover and read the best of Twitter Threads about #imports

Most recents (15)

A bit more on today's UK trade data and the impact of #Brexit...

It helps to look at #imports and #exports *separately* - the stories are quite different.

The relative weakness of UK trade with the EU is mainly on the *import* side, which is only partly Brexit related... (1/6)
A lot is also due to problems in the car sector (e.g. global shortages of parts) and the relative weakness of demand for cars, which we mainly import from the EU, compared to goods we import from the rest of the world (e.g. clothing & PPE from Asia)... (2/6)
There may also be some cases where UK imports from the EU are being replaced by imports from the rest of the world, or local production.

But if consumers were happy buying from the EU before #Brexit, new trade frictions that hinder this are not obviously a 'good thing'... (3/6)
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
#TradeDeficit in February 2021 up 4.8% to $71.1B. #Exports down 2.6% to $187.3B. #Imports down 0.7% to $258.3B (seasonally adjusted). go.usa.gov/xUNS3 #CensusEconData
Goods and services #deficit ($71.1B) in February 2021 was the highest on record (seasonally adjusted). go.usa.gov/xvvXP #CensusEconData #ForeignTrade #TradeDeficit
#GoodsDeficit ($88.0B) in February 2021 was the highest on record (seasonally adjusted). go.usa.gov/xvvXP #CensusEconData #ForeignTrade
Read 7 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
Engineering a City #thread
Having spent my entire childhood in #Kochi (#Cochin ), it feels criminal to not know the story of how the city came to be the #metropolis it is today. Putting together a thread to trace the journey of the city which has been so endearingly mine (1)
Part 1: The #Malabar Mud-Banks
The story of Cochin is not just about how an engineering marvel can change social fabric, but also of many tenets of #British #Colonialism in India which is often taken for granted, passed off lazily as exploitation, missing nuance (2)
As with any coastal town, the cultural and economic history of Kochi is intertwined with maritime trade routes since the time of the Early Romans and Arabs. Thanks to the #biennale , most of us would now be familiar with the term #Muzuris (3)
Read 60 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
China’s #exports and #imports in the first quarter respectively went down by 11.4% and 0.7% year-on-year. mp.weixin.qq.com/s/6qZ797KVEtV1…
After the second quarter, the growing epidemic worldwide is projected to further weigh on China’s exports and imports, which will bring a second wave of impact on its economy.
There have been studies predicting that the imports and exports of China in 2020 may witness a decline of 15% -20%, with a larger decline in trade in service.
Read 8 tweets
Lets talk about #Oil and #Inflation and whether the relationship is #Linear or #NonLinear...
We have all been witness to the recent volatility in the #Global #Oil markets. We have seen how disruptions in oil #Supply, be it from #SaudiArabia, #Nigeria, #Venezuela, #Iran or #Libya can cause upticks in the global #Price of oil...
On the same token, we are aware how muted #oil #demand can arise from a slow down in #global #growth. For e.g. a persistent slowdown in #China often translates into a softening of global oil prices. Similarly, high #inventories & the impact of #US #shale drives down prices...
Read 9 tweets
"Reclaiming monetary Sovereignty and sustainable prosperity in #Africa" starts now with @FadhelKaboub at the launch of the international conference "The quest for economic and Monetary sovereignty in the 21st century in Africa. @Mon_Sovereignty facebook.com/RosaLux.NorthA…
@FadhelKaboub @Mon_Sovereignty Follow the LIVE in the link below 👇🏿👇🏿facebook.com/RosaLux.NorthA…
@FadhelKaboub @Mon_Sovereignty @FadhelKaboub : In Tunisia, in the 70s two interesting patterns were unleashed with the opening of he economy.
☝🏼☝🏼Increase in trade deficit
☝🏼☝🏼increase of external debt
@Mon_Sovereignty #Tunisia
Read 11 tweets
RMB dropped below 7 on Monday as #China gradually moves toward a free floating exhange rate regime that can be an automatic stabilizer for #economy amid ongoing #trade dispute with US, according to a recent report authored by cf40 senior fellow Zhang Bin. cf40.org.cn/uploads/ZB2019…
When an #economy is confronted with a negative impact, he explained, currency
#depreciation may boost the economy through multiple mechanisms: 1) by lowering the price of #exports denominated in foreign currencies and thus boosting #exports;
2) by increasing price of #imports denominated in local currency &
increasing import substitution; 3) by improving price of tradable goods, which in turn can affect the overall price of industrial products and improves the profitability, #investment and production.
Read 6 tweets
Summary of #China’s #macroeconomy in May, by CF40 Senior Fellow Zhang Bin:

1. The #economy declined. #Manufacturing #PMI dropped 0.7%; PMI of big, mid and small businesses dropped 50.3%, 48.8% and 47.8% respectively.

2. #Industrial growth rate continued to fall.
3. #Consumption growth picked up: total retail sales of consumer goods increased by 8.6% YoY.

4. Fixed #asset #investment dropped. In the first 5 months of 2019, #China's fixed asset investment grew by 5.6% YoY, down 0.5% from the figure for the first 4 months of the year.
5. #Exports rebounded, #imports fell and the #trade #surplus grew.

6. #CPI hit a new high while #PPI dropped.

mp.weixin.qq.com/s/fsn6JwmziNQJ…
Read 3 tweets
#China’s #imports fell by 2.5% in May from a year earlier. In #dollar terms, the imports decreased by 8.5%, the biggest drop since July 2016.
3 possible reasons for this:

1. Base effect. #China's imports surged by as high as 15.6% in the same period last year, a high base. So the growth rate of exports this May declined slightly.
2. Impacted by #trade frictions, imports of bulk #commodities such as crude #oil and natural #gas fell. #Imports of #soybeans fell by 24% to 7.362 million tons.
Read 4 tweets
Data on #China’s Macro #Economy in March:
1. The economy picked up - manufacturing #PMI was 50.5%, 1.3% up from February and down 1% year-on-year;
2. #Industrial growth picked up - added value of industries above designated size rose by 8.5% year-on-year, 3.2% up from February;
3. #Consumption picked up - #retailsales rose by 8.7% year-on-year, 0.5% up from February;
4. Fixed #asset and #infrastructure #investment rebounded – from January to March, total fixed asset investment was up by 6.3% year-on-year, 0.2% higher than the first 2 months;
5. #Exports saw positive growth, while #imports continued to fall - dollar-denominated exports grew by 14.2% year-on-year, while imports fell by 7.6%;
6. #CPI and #PPI both picked up – CPI up by 2.3% year-on-year, and PPI, 0.4%.

mp.weixin.qq.com/s?__biz=MjM5Nj…
Read 3 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 338 tweets

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