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Indonesia Trade Data

Trade Balance of Indonesia – Exports & Imports Rise in First Half 2022

Despite a high degree of global economic uncertainty due to the Russia-Ukraine war, Indonesia’s export, and import performance has been very strong thanks to high international commodity prices, and the economic rebound from the Covid-19 crisis. So, the year 2022 so far has been positive for Indonesian trade as the country’s exports and imports increased in the first half of this year. Month-wise, Indonesian trade saw a surge in August as compared to the previous months. Here is an overview of Indonesia’s exports and imports in 2022.
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Global Trade Data

G20 Pledges to Coordinate for Strong Global Economic Recovery

The G20 nations have pledged to take coordinated actions for having a strong global economic recovery in the 17th G20 Summit held in November 2022 in Bali, Indonesia. According to a report, the G20 economies represent 60% of the world population, 75% of international trade, and 80% of global GDP. The theme of the Bali G20 Summit under Indonesia’s presidency was “Recover Together, Recover Stronger”.
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Sri Lanka Import Data

Lanka's Worst Economic Crisis Since March, Battling High Food Inflation

Sri Lanka went through a tough economic crisis in March this year, sending the prices of several commodities up. The government of Sri Lanka imported items from other countries and even took credit from China. The value of Sri Lankan currency (Sri Lankan Rupee) also depreciated in March against the United States Dollar for the first time. Food price inflation has increased to a percentage of over 85 in October 2022, as per sources.
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Global Trade Data

Europe's Replacing The Imports of Piped Natural Gas Coming From Russia

Europe is working towards replacing its dependence on the importation of mineral fuels and oils from the Russian Federation. Russia is the biggest exporting partner for Europe’s mineral fuels and oils import. The Russian invasion of Ukraine has sparked this drive into Europe. The plan to replace the natural gas imports coming from Russian pipelines includes efforts towards expanding its capacity of LNG through Floating Storage and Regasification Units (FSRUs) to maximise the import capacity of liquified natural gas imported from other countries.
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Nepal Import Data

Nepal Vehicle Imports Increase, Govt. Planning For The Transition To EVs

Nepal's automobile industry has seen an upward trend in the past years, showing a blooming state of the market in terms of demand. The imports of vehicles in Nepal have continued to grow over the years, bringing concern for the Nepali government. Both economic and climatic. Higher imports of vehicles in Nepal result in a higher need for fuel to be utilized. The cost of fuel along with the other taxes imposed on the vehicles to be imported into Nepal make the selling price of the vehicles higher than the original price.
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