World multinational exports continue to decline
Vietnam
July exports contract 3.5 percent
According to Bloomberg News, in July, Vietnam's exports fell for five consecutive months, the longest decline in 14 years. This foreign trade-dependent economy may find it difficult to achieve this year's economic growth target of 6.5 percent. According to data released by the Vietnam Bureau of Statistics, Vietnam's exports contracted by 3.5 in July. In the first seven months of 2023, exports fell by 10.6 year-on-year to US $194.73 billion, and imports fell by 17.1 to US $179.5 billion. Among them, the export value of smartphones, Vietnam's largest export earer, fell by 18.3 from January to July 2023 to 27.8 billion US dollars.
the backbone of Vietnam's textile industry is also facing difficulties. Vietnam's exports fell 11.9 per cent in the first quarter of this year, with textile export orders falling 70 per cent, resulting in the shutdown of 42900 factories, according to the Ho Chi Minh City Business Association. In the second quarter, Vietnam's textile export orders fell by 80%. Vietnam's Ministry of Industry and Trade previously warned that the clouded global economic situation has led to weak demand, which may hurt Vietnam's export pattern.
Korea
July exports down 16.5 percent
According to Yonhap News Agency, on August 1, local time, data released by the Ministry of Trade, Industry and Energy showed that South Korea's exports fell 16.5 percent year-on-year to $50.33 billion in July, the tenth consecutive month of decline and the biggest decline since May 2020. Data show that South Korea's July imports fell 25.4 percent year-on-year to $48.71 billion, resulting in a $1.63 billion trade surplus.
South Korea's Ministry of Trade, Industry and Resources said the decline in exports in July was due to continued sluggish demand for semiconductors, weaker oil prices and a high base last year. Data show that South Korea's main export chip exports fell 34% year-on-year in July, a negative growth for 12 consecutive months. In the first half of this year, South Korea's semiconductor exports were $43.93 billion billion, down 36.8 per cent.
Brazil
July exports down 2.6 percent
According to the South American Overseas Chinese News, Brazil's Ministry of Development, Industry, Foreign Trade and Services (MDIC) announced that its trade surplus in July this year reached 9.035 billion billion U.S. dollars, an increase of 68.7 percent compared with the same period last year, a record high. However, in terms of single-month trade data, Pakistan's imports and exports fell in July. Among them, Brazil's exports in the month totaled 29.062 billion US dollars, down 2.6 per cent from a year earlier, while imports in the month were 20.027 billion US dollars, down 18.2 per cent from a year earlier. In terms of export trade, the decrease in revenue from the sale of bulk commodities was the main reason for the decline in exports.
Chile
July exports down 7.6 percent
According to the Chilean Central Bank report, according to FOB statistics, Chile's July exports totaled 7.394 billion U.S. dollars, down 7.6 percent from the same period last year, four consecutive months of decline, while imports totaled 6.58 billion U.S. dollars, down 17 percent from the same period last year, the tenth consecutive month of decline; the trade surplus was 0.814 billion U.S. dollars, down significantly from last month's 1.574 billion dollars, to the lowest since November 2022, and foreign trade continued to be weak.
Argentina
June exports down 35.4 percent
According to data released by Argentina's National Bureau of Statistics and Census, Argentina's total exports in June were 5.45 billion US dollars, down 35.4 percent from a year earlier, while imports in the same period totaled 7.177 billion US dollars, down 17.2 percent from a year earlier. The trade deficit for the month amounted to $1.727 billion. In addition, in the first half of 2023, the total export volume of Afghanistan was 33.509 billion US dollars, down 24.5 per cent year-on-year; the total import volume was 37.897 billion US dollars, down 8.5 per cent year-on-year. In the first half of 2023, the trade deficit reached 4.387 billion billion US dollars.
Tajikistan
First half exports down 44.2 percent
From January to June this year, Tajikistan's foreign trade volume was about 3.415 billion U.S. dollars, a year-on-year decrease of 2.8 percent; of which exports were about 0.679 billion U.S. dollars, a year-on-year decrease of 44.2 percent; imports were about 2.736 billion U.S. dollars, a year-on-year increase of 19.1 percent; and the trade deficit was about 2.058 billion U.S. dollars.
India
June exports down 22.0 percent
India's Ministry of Commerce and Industry released preliminary foreign trade data on July 14, in June 2023, the total value of India's imports and exports of goods reached 86.066 billion billion US dollars, down 19.3 per cent from a year earlier. Of this total, exports of goods were US $32.966 billion, down 22.0 per cent from the same period last year; imports of goods were US $53.099 billion, down 17.5 per cent from the same period last year; and the trade deficit in goods reached US $20.133 billion, narrowing 8.8 per cent from the same period last year.
From January to June 2023, the total value of India's imports and exports of goods reached US $532.792 billion billion, down 10.2 per cent year-on-year. Of this total, exports of goods were 210.757 billion US dollars, down 11.4 per cent from the same period last year; imports of goods were 322.035 billion US dollars, down 9.3 per cent from the same period last year; and the trade deficit in goods reached 111.278 billion US dollars, down 5.0 per cent from the same period last year.
Indonesia
June exports down 21.18 percent
Indonesia's June exports were 20.61 billion U.S. dollars, down from 21.72 billion U.S. dollars in May, according to the Indonesian Central Bureau of Statistics. Mardiyanto, chief secretary of Indonesia's Central Bureau of Statistics, said that on an annual basis, Indonesia's exports fell deeply in June, down 21.18 per cent from a year earlier. In addition, from January to June 2023, Indonesia achieved a cumulative export value of US $128.66 billion billion, down 8.86 per cent from the same period in 2022. Some analysts believe that Indonesia's exports will continue to be weak. At present, the Indonesian government is making efforts from various aspects to improve the second half of the export performance.
Singapore
June exports down 15.5 percent
According to the Singapore Enterprise Development Board in July released the latest data, June non-oil domestic exports fell 15.5, continuing the previous months of the downward trend, in its top ten markets, most of the market's electronic products and non-electronic products exports have declined.
Malaysia
June exports down 14.1 percent
figures released by malaysia's statistics department show that in the first half of this year, malaysia's foreign trade totaled 282.45 billion billion us dollars, down 4.6 percent from the same period last year. Among them, in June this year, the country's foreign trade volume totaled 48.7 billion billion U.S. dollars, down 16.3 percent from the same period last year. Since March this year, Malaysia's total monthly external trade volume has declined year-on-year for four consecutive months. In June this year, the country's exports fell 14.1 percent from the same period last year, and imports fell 18.9 percent from the same period last year, the highest decline this year.
Thailand
June exports fall 6.4 percent
According to recent news from Thai media, Thailand's Ministry of Commerce said that Thailand's exports fell 6.4 percent to US $24.82 billion in June 2023, shrinking for the ninth consecutive month. Exports of all products declined, whether they were agricultural products, agro-industrial products or industrial products. As the economies of trading partners have not recovered under the pressure of inflation and high interest rates, production and consumption have tightened, coupled with a relatively high export base in the same period last year, june 2022 export value up to $26.52 billion. From the overall situation from January to June 2023, Thailand's exports were 141.17 billion billion US dollars, a year-on-year contraction of 5.4 per cent.
Japan
June exports down 3.72 percent
January-June 2023, Japan's total global imports fell by 7.8 per cent, compared with a 5.5 per cent decline in imports from China (Japan's Ministry of Finance), higher than global imports. In a single month in June, Japan's imports amounted to US $61.601 billion, down 17.62 per cent from a year earlier, while exports amounted to US $61.906 billion, down 3.72 per cent from a year earlier. Since April 2022, Japan's foreign exports have declined for 15 consecutive months.
Bosnia-Herzegovina
First half exports down 4.5 percent
According to data from the National Statistics Institute of Bosnia and Herzegovina, the foreign trade deficit of Bosnia and Herzegovina increased to 4.93 billion marks in the first half of this year from 4.61 billion marks in the same period last year. Among them, Bosnia and Herzegovina's exports were DM 8.68 billion, down 4.5 percent year-on-year; imports were DM 13.61 billion, down 0.6 percent year-on-year.
United States
June goods and services exports down 0.3 billion dollars
to data disclosed by the U.S. Department of Commerce on August 8, the U.S. trade deficit in June narrowed by 4.1 from the previous month to $65.5 billion, and the expected deficit was $65 billion. The revised trade deficit data in May narrowed from $69 billion to $68.3 billion. U.S. exports of goods and services fell by $0.3 billion to $247.5 billion in June, while imports fell by $3.1 billion to $313 billion.
Germany and a few other countries foreign trade year-on-year increase
Germany
First half exports up 3.5 percent year-on-year
According to August 3, the German Federal Bureau of Statistics (Statistisches Bundesamt) released commodity import and export data, after calendar and seasonal adjustments, the total value of German exports in the first half of 2023 was 791.4 billion euros, a year-on-year increase of 3.5 percent; the total value of imported goods It was 696.4 billion euros, a year-on-year decrease of 4.6 percent; the merchandise trade surplus was 95 billion euros, a year-on-year increase of 1.46 times.
Turkey
July exports up 8.4 percent year-on-year
Turkish exports in July rose 8.4 percent year-on-year to 20.093 billion billion U.S. dollars, a record high, Turkish Trade Minister Borat announced on Thursday. Despite the impact of shrinking global production and trade and earthquake disasters, Turkey's exports in the first seven months of 2023 still reached $143.435 billion billion, close to the previous year's level. He specifically mentioned that the proportion of exports of high-tech products in the manufacturing industry increased from 36.9 in 2022 to 40.8 in the first seven months. Turkish imports rose 11.1 per cent in July from a year earlier to $32.47 billion, compared with $217.5 billion in the first seven months of the year, up 5.1 per cent.
Uzbekistan
First half exports up 19.4 percent year-on-year
According to the statistics department directly under the president of Uzbekistan, in the first half of 2023, the total foreign trade volume of Uzbekistan was about 29.2 billion US dollars, up 19.4 percent year-on-year. Among them, exports were about 12.14 billion US dollars, up 23.0 percent year-on-year, imports were about 17.03 billion US dollars, up 17.0 percent year-on-year, and the trade deficit was about 4.89 billion US dollars. China continues to maintain its status as Ukraine's largest trading partner, and is also Ukraine's largest source of imports and second largest export destination (after Russia).
Georgia
First half exports up 20.1 percent year-on-year
According to data from Georgia's National Bureau of Statistics, from January to June 2023, Georgia's foreign trade volume was 10.26 billion billion U.S. dollars, an increase of 20.1 percent year-on-year. Among them, the export value of Georgia was 3.05 billion US dollars, up 19.2 percent year-on-year; the import value was 7.21 billion US dollars, up 20.4 percent year-on-year.
Source: Ningbo Shipping