Discover and read the best of Twitter Threads about #imports

Most recents (24)

What factors to look for to understand which direction are #interestrates headed:

1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
3. External :
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation

- interest rate tend to go up
4. Internal Credit
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
Read 4 tweets
Africa should take full advantage of current elevated prices to cash in on mineral wealth: The African continent is home to substantial reserves of #copper and #cobalt (in the Democratic Republic of the Congo—DRC—Zambia, South Africa and Zimbabwe), #diamonds (in Botswana and…
Angola), #platinum (in South Africa and Zimbabwe), #uranium (in Namibia, Niger and South Africa), #gold (in Ghana, South Africa and Sudan), #iron (in South Africa), #manganese (in South Africa, Gabon and Ghana), bauxite (in Guinea), #lithium (in Zimbabwe), #coal (in South Africa
and Mozambique), #naturalgas (in Algeria, Egypt and Nigeria) and #petroleum (in Nigeria, Angola, Algeria and Libya).
Read 8 tweets
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
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
*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.
1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.
2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.
Read 22 tweets
#EIA #oil data: #crude -1.9 mln bbls; at 411.6 mln; -13% v 5-yr avg for period
#gasoline -1.4 mln bbls; +1% v 5-yr avg
#distillate -5.2 mln bbls; -18% v 5-yr avg
#propane -1.6 bbls; -21% v 5-yr avg
Total commercial stocks -8.1 mln bbls
#OOTT #OPEC #diesel #shipping #energy
#EIA #oil #data: U.S. #crude oil #refinery inputs averaged 15.4 mln bpd week to March 4, 2022, -21,000 bpd vs previous week; #refineries operated at 89.3% capacity; #gasoline output rose to 9.6 mln bpd, #distillate output fell to 4.6 mln bpd.
#OOTT #diesel #energy #refining
#EIA: #oil data: U.S. crude oil imports averaged 6.3 mln bpd last week, +0.6 million bpd vs previous week; last 4 weeks #crude oil imports averaged 6.2 mln bpd, +10.1% vs year-ago period
#OOTT #OPEC #diesel #shipping #inventory #energy #data #exports #crudeoil #tankers #imports
Read 4 tweets
Early indications are that the growth in imports has started to decrease. 🇵🇰 imports during Dec 2021 decreased 🔽 to USD 6.9 billion as compared to USD 7.9 billion in Nov 2021. This is a decrease of USD 1 billion. The import projection for Dec 2021 was USD 6.2 billion. 1/4
Turning to exports, MOC would like to share that during Dec 2021, 🇵🇰 Pakistan’s exports increased by, 🔼 16.7% to USD 2.761 billion as compared to USD 2.366 in Dec 2020. The Export Target for the month was USD 2.8 billion. 2/4
During the first half of the current FY (Jul-Dec 2021), exports increased by 25% to USD 15.125 billion as compared to USD 12.110 billion during Jul-Dec 2020. The Export Target for first half of this FY was USD 15 billion. 3/4
Read 4 tweets
1/7 Thread on Rising #Impact of NATO-#DeepState
#Warmongering on the #European Gas #Imports
from #Russia.

The #Yamal Natural #Gas #Pipeline:

4,107km-long,
Cost: $36 Billion
Diameter of 14,20cm
Capacity 33 billion m³ a year.
Squeezed by warmongering:

👉hydrocarbons-technology.com/projects/yamal…👈
2/7 Dec. 14, 2021 - #Yamal-#Europe #Gas
flows #Stable: Press.

#Belarus leader Alexander #Lukashenko has made repeated #Threats to halt operations on a #Pipeline that sends #Russian natural #Gas to #Europe:

naturalgasworld.com/yamal-europe-g…
3/7 Dec. 15, 2021 - #Russian #Gas #Exports
to #Europe via #Yamal #Pipeline #Rises,
despite warning by Alexander #Lukashenko
from #Minsk, #Belarus:

"To suspend the #Transit of natural gas in response to Western #Sanctions, boosting spot #Gas #Prices."

👉hindustantimes.com/world-news/rus…👈
Read 8 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
TAIWAN News: Eric Chu wins race for KMT leadership, first time ever with less than 50% vote for party election. Chu has vowed to return the century-old party to power in 2024.
taipeitimes.com/News/front/arc…
If US-China conflict escalates, it's going to run through Taiwan and its local politics. A few important dates on Taiwan's political calendar leading up to 2024 election, which is about 10 months ahead of US election cycle.
Read 11 tweets
Day 3 of #100DaysOfCode
Python.
Motivation, Don't Repeat Yourself.

1)Defining a function
def function_name(parameters_if_any):
"""indentation identifies the code block of a function"""
return data_if_any
Parameters: are variables in function definition.
Arguments: are the values put into parameters when functions are called.
Calling a function: function_name(arguments_if_any)
2)Modules
These are the codes written to perform useful tasks. Some modules are already part of standard library and others need to be
installed.

-To import an existing module e.g. math
import math #imports whole math module
Read 15 tweets
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

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