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bne IntelliNews – Georgia’s trade deficit up 24% y/y in 2021

Georgia’s foreign trade deficit widened by 24% y/y to $5.83bn in 2021, reversing the 18% y/y contraction in 2020 and thus returning close to the pre-crisis trade gap ($5.72bn in 2019), according to data from the statistics office Geostat.

Foreign trade activity has gained momentum in Georgia along with the global trend in 2021, starting from the low base of 2020 – when the pandemic disturbed the global production and trade chains.

Exports increased by 27% y/y to $4.24bn, imports by 25% y/y to $10.07bn and the trade gap has widened by 24% y/y to $5.83bn – which accounts for nearly one third (32%) of the estimated GDP last year. The deficit-to-GDP ratio was roughly the same in 2019, before the crisis, then it narrowed in 2020 amid subdued private consumption prompted by an uncertain outlook.

Notably, out of the $4.24bn exports of Georgia, only $3.13bn (+30% y/y) are “domestic exports” while the rest consist of goods imported and re-exported. The category of motor cars is the most representative for the re-exported goods: $457mn in 2021.

The exports of ferroalloys nearly doubled (+94% y/y) to $477.5mn and they were entirely domestic exports.

The category of goods with the largest share in Georgia’s exports was that of copper ores and concentrates – $815.4mn (+4.7%), entirely domestic exports.

Wines are the third-largest export category for Georgia and in 2021 the country marked another record: $239mn total exports, out of which $238mn were domestic exports (+13.7% y/y).

The exports of nitrogenous fertilisers also increased at a high rate, by 65.4% y/y to $119.5mn in 2021, recovering from a temporary decline in 2020.

Compared to 2019, Georgia’s exports increased by 11.7%, and its imports by 5.8%, while the trade gap has widened by only 2.0%.

Notably,  domestic exports advanced by 34.5% compared to the last pre-crisis year, at a pace three times faster compared to the total exports. 

Fonte: https://www.intellinews.com/georgia-s-trade-deficit-up-24-y-y-in-2021-232688/

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Hudong Zhonghua wins record $1.18 billion LNGC order from MOL | Brazil Modal

Chinese shipbuilder Hudong-Zhonghua has signed its largest LNG carrier shipbuilding order to date with Japanese shipping major Mitsui O.S.K. Lines (MOL).

The contract is for the construction of six 174,000-cubic-metres LNGCs of the latest generation of the ‘Changheng Series’. It amounts to about 7.5 billion yuan or $1.18 billion, local news reported.

Besides Hudong-Zhonghua, a subsidiary of China Shipbuilding Corporation (CSSC), the project’s participants also include China National Offshore Oil Corporation (CNOOC) and China COSCO Shipping.

Thus, the project is a case of the three major enterprises ensuring national energy security; as well as promoting the development of LNG industry chain.

Moreover, this is the order with the largest number and the largest contract value for the Chinese shipbuilder in the field of LNG carrier construction in the past ten years.

After the delivery to MOL, CNOOC Gas & Power will charter the ships.

So far, in the first week of 2022, Hudong Zhonghua has received a total of seven orders for LNG carriers. At present, it has 23 LNG carriers on order, nine under construction, with the delivery period in 2025.

 

 

Source: World Maritime News

Fonte: http://brazilmodal.com.br/2015/internacional/hudong-zhonghua-wins-record-1-18-billion-lngc-order-from-mol/

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Biden, Kishida Agree to Boost Security, Economic Cooperation Amid Rising Concerns

Copyright 2022 Thomson Reuters. Tags: Ukraine, North Korea, Russia, United States, Taiwan, international trade, Europe, Japan.

Fonte: https://www.usnews.com/news/world/articles/2022-01-21/biden-talks-to-japans-kishida-amid-mounting-security-concerns

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Corrente situazione utilizza cookie tecnici e di terze parti. Continuando la trasporto ne accetti l’utilizzo.

Corrente situazione utilizza cookie tecnici e di terze parti. Continuando la trasporto ne accetti l’utilizzo.

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Genuine Pay Day Loan Research & Ratings (61)

Genuine Pay Day Loan Research & Ratings (61)

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#step three. CashUSA – Instant cash Recognition regarding Disaster Unsecured loans On the internet

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How exactly to see Holyfield vs Belfort: alive flow Anderson, Haye, Trump on line anywhere

How exactly to see Holyfield vs Belfort: alive flow Anderson, Haye, Trump on line anywhere

Heavyweight boxing legend Evander Holyfield will this evening enter the ring at the huge advancing years of 58, dealing with Vitor Belfort, the 44-year-old former UFC light heavyweight champ, in boxing’s latest time-hopping PPV extravaganza. This might be more of an ordeal versus “genuine Deal”, and you will keep reading for any fight opportunity, full card plus top Holyfield vs Belfort live flow options around the globe.

Time: Saturday, September 11

Site: Seminole Hard Rock Resort & Casino in Hollywood, Miami, Florida

Event begin time: 7pm ET / 4pm PT / 12am BST / 9am AEST

Real time stream: Fite TV (worldwide)

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