As reported by Coal mint, India's thermal coal imports will increase by about 15% in the year 2022

On Monday, figures from Indian consultancy Coalmine showed that due to increased domestic production and shipments by utilities, India's imports of thermal coal, used primarily for power generation, surged by 14.7% in 2022, reaching 161.18 million tones. Coal shipments, which are commonly uti...

Summit between Germany and Spain highlights the "paramount importance" of the Pyrenees pipeline project

Olaf Scholz of Germany, together with a group of top ministers, is currently in Spain for talks about Europe's worsening energy crisis. Despite France's objections, the two sides are hoping to revitalize a pipeline project.

For the sake of resurrecting a gas pipeline project tha...

Is China too important to Germany's economy

Berlin's government is working to lessen the country's reliance on its largest commercial partner. However, the German business community is skeptical.

The Port of Hamburg is the primary seaport for Germany and serves as the country's primary point of entry to the rest of th...

Australia Is Left with Only 68 Days of oil Reserves

According to a public policy think tank, Australia is 91 percent dependent on imported oil.

Just as several governments around the world are scrambling and striving to secure energy supplies during the ongoing gas crisis that has emerged as a result of the Russian invasion of Ukraine, A...

UAE to End Monopolies of Business Giants

The government of the United Arab Emirates has informed some of the biggest business families in the country that it is going to bring an end to their goods importing monopolies.

The Ministry of Economy has said that a draft for regulations on commercial agencies is in procedure but it ...

South Korean customs agency seizes 4 tons of smuggled urea solution

The South Korean customs agency has confiscated around 4 tons of smuggled urea solution and now they are planning to distribute it in the market.

Highlights

• South Korea is facing shortage of urea
• The KCS has confiscated 4 tons of Urea soluti...

Saudi Arabia expels ambassador and bans Lebanese imports

Lebanon is suffering from a crisis after Saudi Arabia gave Lebanon's ambassador 48 hours to leave the country and suspended all imports from Lebanon. Riyadh and other Gulf states have expelled the Lebanese envoy.

Highlights

• Saudi Arabia suspends al...

Japan strikes a deal with Pfizer for 120 million COVID-19 vaccine doses for next year

Highlights

• Japan strikes deal with Pfizer for booster shots
• The manufacturer will be providing 120 million COVID-19 vaccine doses

Japan has struck a deal with Pfizer Inc, in which the manufacturer will be supplying another 120 millio...

CHINA’S DEMAND FOR INTERNATIONAL TRADE TALENT; SPENDING ON IT RISE

Highlights –

• China’s demand for international trade talent; spending on IT rise.
• The country's demand for such talent grew 11.2 percent year on year.
• China's spending on information technology (IT) grow 10 percent year o...

JAPAN’S WHOLESALE PRICES ROSE BY 4.9 PERCENT IN MAY

Highlights –

• Japan’s wholesale prices rose by 4.9 percent in May.
• In April, wholesale prices increased 3.8 percent.
• Wholesale prices of petroleum and coal products surged 53.5 percent from a year earlier.
• Electricity,...

CHINA’S EXPORTS & IMPORTS ROSE 28.2% BETWEEN JAN-MARCH

Highlights –

• China’s exports & imports rose 28.2% between Jan-March.
• Exports jumped by 30.1 percent from a year earlier.
• The trade surplus increased by 56.2 percent year on year.
• The trade surplus last month narro...

JAPAN’S CURRENT ACCOUNT SURPLUS ROSE TO $12 BILLION IN APRIL

Highlights –

• Japan’s current account surplus rose to $12 billion in April.
• April saw a larger rise in exports than in imports in terms of value.
• Imports jumped 11.3 percent to 6.54 trillion yen.
• Primary income, gained...

CHINA’S EXPORTS AND IMPORTS RISE; SHIPMENTS OF WEARABLE DEVICES RISE

Highlights –

• China’s exports and imports rise; shipments of wearable devices rise.
• Makers of wearable devices in the country shipped 27.29 million units in Q1 of 2021.
• China's total imports and exports expanded 28.2 percent ...

JAPAN’S EXPORTS SAW LARGEST INCREASE BY 38% IN APRIL

Highlights –

• Japan’s exports saw largest increase by 38% in April.
• Exports of goods in April soared to 7.18 trillion yen.
• Imports rose 12.8 percent in April to 6.93 trillion yen.
• Exports to China grew 33.9 percent fro...

SOUTH KOREA OIL IMPORT SURGED

Highlights:

• The US crude oil exports have surged as South Korea's flow has surged after a multi-year low the week before.
• The average oil imports to South Korea averaged 933,655 b/d which is the highest weekly average since Jan 24, 2020.

CHINA’S TRADE WITH N. KOREA ROSE TO $30.60 MILLION IN APRIL

Highlights –

• China’s trade with N. Korea rose to $30.60 million in April.
• China's exports to North Korea rose more than 120 percent to 28.75 million in April.
• In March, chemical fertilizer, pesticide, herbicide, and related ...

CHINA TO EXTEND A TARIFF EXEMPTION FOR 79 PRODUCTS IMPORTED FROM US

Highlights

• As per an attached list, these tariff exempted products include rare earth ore, gold ore and silver ore and concentrate

• Recently China accused the US of imposing economic sanctions and strong-arming other countries over trade issues to achieve its &ldq...

CHINA’S IMPORT OF COSMETICS FROM JAPAN ROSE 30 PERCENT IN 2020

Highlights –

• China’s import of cosmetics from Japan rose 30 percent in 2020.
• Chinese consumers using cross-border e-commerce platforms.
• In 2020, China's cosmetics imports reached about $17.3 billion.
• The Chinese g...

INDIA MAY LIFT REGULAR SAUDI OIL VOLUMES IN JUNE

HIGHLIGHTS

• India is offering to lift regular Saudi oil volumes in JUNE 2021.
• Some orders have been placed by Indian State refiners.

After reducing purchases this month, Indian state refiners have placed orders for regular supplies fr...

COVID RESTRICTIONS SLOW DOWN PETROCHEMICAL TRADE IN INDIA

HIGHLIGHTS

• Fresh restrictions imposed to prevent the spread of COVID-19 are slowing down the petrochemical trade in India.
• Indian rupee is becoming weak in the international market.

Petrochemical trades in India are slowing down due ...