China imposed countervailing and anti-dumping duties on the American product
2023-1-19
China: Imposed countervailing and anti-dumping duties on imports of dried corn grains from the United States
According to the Trade Remedy Bureau of the Ministry of Commerce, the Ministry of Commerce has concluded that imports of dried corn distillers lees from the United States have been subsidized and dumped, which has substantially damaged China's dry rice distillers lees industry. At the same time, the Ministry of Commerce ruled to impose anti-subsidy and anti-dumping duties on imports of dried corn grains from the United States for a period of five years.
China: Resumed imports of Irish beef
China has lifted its ban on beef imports from Ireland, and 24 Irish beef plants will resume exports to China from January 5, 2023, according to an update from the General Administration of Customs on January 5.
Japan: Exports of agricultural products increased by 50 percent compared to the pre-pandemic level
According to data released by the Ministry of Agriculture, Forestry and Fisheries, Japan's exports of agricultural, forestry and food products reached 1.243.3 trillion yen in 2022 as of November, surpassing the actual exports of 1.238.2 trillion yen in 2021. Affected by the depreciation of the yen, related exports hit a record high, increasing by about 50% compared with 2019 before the epidemic. Fish, shellfish, wine and so on.
Japan: Wine exports increase sixfold in 10 years
The popularity of Japanese food has seen alcohol exports increase sixfold in a decade, driven by whisky and sake, according to Nikkei. According to the data, liquor exports reached 114.7 billion yen in 2021, 1.6 times that of last year, surpassing 100 billion yen for the first time. Cumulative exports for the first 10 months of 2022 reached 117 billion yen, surpassing the 2021 level.
South Korea: Chip exports plunged nearly 30% in early January
South Korea's exports fell 0.9 percent in the first 10 days of January from a year earlier as demand for chips and precision machinery slowed, data from the Korea Customs Service showed on Wednesday. Exports for the first 10 days of January totaled $13.86 billion, down slightly from $13.98 billion a year earlier. Chip exports, a major export, fell 29.5 percent in the same period.
South Korea: Will fully promote green industry export
According to the Asian Daily News, the Ministry of Environment recently announced its work plan for this year to promote the green industry as an export industry, and set the target of export orders at 20 trillion won and 100 trillion won by 2027. The plan includes setting up a "green industry export alliance" jointly established by the government and enterprises, developing export strategies for the Middle East, Central Asia and Southeast Asia, and pursuing green hydrogen production, hydroelectric power generation, and desalination plant projects.
Mongolia: Total foreign trade in 2022 increased by 32.1% year on year
According to the data from the Mongolian Customs Administration, Mongolia conducted trade with 161 countries and regions in 2022, with a total foreign trade volume of 21.244 billion US dollars, an increase of 5.158 billion US dollars or 32.1% over the previous year. Among them, the total export volume reached US $12.54 billion, up 35.7% year on year; Imports totaled $8.704 billion, up 27.2 percent year on year. In 2022, Mongolia's international trade surplus reached $3.836 billion.
India-us: Will focus on deepening engagement on trade facilitation
India and the United States will focus on deepening engagement on trade facilitation, which is related to building durable and sustainable supply chains, the government of India said. In addition, India and the US agreed to restart the Ministerial Forum on Trade Policy by the end of 2023.
Vietnam: Record trade surplus with US last year
Vietnam's trade surplus with the United States widened to $94.9 billion in 2022, the highest level on record, led by exports of goods such as clothing, footwear, smartphones, electronics and wooden furniture, according to Vietnamese customs data released on Tuesday.
Vietnam: Natural rubber exports hit a record high
According to the Economic and Commercial Office of the Chinese Consulate General in Ho Chi Minh City, Vietnam exported 2.14 million tons of natural rubber in 2022, up 9.6 percent year on year; Exports reached a record high of $3.31 billion, up 1.1% year on year.
Singapore: Imposed import restrictions on Malaysian lettuce
According to FoodBuddy, on January 3, 2023, the Food Authority of Singapore (SFA) announced the imposition of import restrictions on lettuce from Malaysia. It is learnt that the Food Authority of Singapore has detected pesticide residues in lettuce imported from Malaysia at levels that could pose an acute toxic risk.
Russia: Extends ban on rice exports by six months
The Russian government recently enacted a law extending the ban on rice exports by six months, Xinhua Finance reported. According to the document, the Russian Federation imposed an export ban on rice from January 1 to June 30, 2023, with the exception of supplies to Eurasian Economic Union countries.
Ukraine: Grain exports down 29.6 percent
Ukraine's grain exports fell 29.6 percent to 23.6 million tons so far in 2022-23, down from 33.5 million tons in the same period last year, according to Ukrainian Agriculture Ministry data released Monday by Caiyonhap. That includes about 8.6 million tons of wheat, 13.3 million tons of corn and about 1.7 million tons of barley.
Serbia: Plans to increase coal imports by 70% in 2023
Serbia plans to import 4.8 million tons of coal in 2023, 70 percent more than in 2022, according to the Energy balance plan adopted by the Serbian government, according to the Economic and Commercial Office of the Chinese Embassy in Serbia.
Uruguay: Exports up 16.5% year on year in 2022
Uruguay's exports, including the free trade zone, reached a record high of $13.356 billion in 2022, up 16.5 percent year on year, according to data from Uruguay's Exporters' Union, the Uruguayan Observer reported recently. China continued to be the largest buyer of Ukrainian goods in 2022, but the total volume only increased 1 percent year on year, according to Ukrainian customs data.
Uruguay: Pulp will be number one export by 2023
Uruguay's Investment and Export Promotion Agency expects the country's total exports of goods to reach $12.985 billion in 2023, down slightly by 2 percent year on year, El Pais reported recently. With the operation of the second UpM Huichuan mill, exports of black pulp will grow by 50 percent to $2.606 billion in 2023, eventually surpassing meat exports as the largest export commodity.
Bolivia: Record exports in 2022
Bolivia's vice minister of Foreign trade and integration said the country's exports reached a record high of $12.632 billion in 2022, a 29% increase from the previous year, La Volkskaya reported recently. More than 50 percent of its exports are manufactured goods. Exports of non-traditional products (soybean products, Brazilian chestnut, etc.) have increased significantly, while traditional products (natural gas, gold, zinc ore) remain strong.
West African Economic Union: Trade deficit for January-September 2022 increased 243% year on year
According to a new report on the website of SIKA Finance in Cote d 'Ivoire, data from the West African Central Bank showed that the trade deficit of the West African Economic Union reached 2.67 trillion CFA francs (4 billion euros) in the January-September period of 2022, an increase of 243% compared to the same period last year. Due to rising energy and food prices, imports increased more than exports.