Foreign sales fetched USD 4.422 billion and foreign purchases amounted to USD 3.454 billion, leading to a USD 968 million trade surplus.
Browsing: trade
Ratings agency Standard & Poor’s said Expo 2020 is bound to drive economic growth in Dubai between 2019 and 2022
The UN agency’s 15th quadrennial session will take place in the Caribbean island; the United Arab Emirates is hosting the World Investment Forum and the Asia eCommerce Week.
It will be two years in September since the free trade agreement entered into effect, and sales are still less-than-satisfactory. A move must be made toward more products and more sales, according to the Bilateral Trade Agreements director at Egypt’s Ministry of Trade and Industry, Michael Gamal Kaddes.
Brazil registered a USD 10.9 billion surplus in the first quarter, an 11% drop over the same period of 2018. In March, the balance stood at USD 5 billion, a 22% reduction.
Although February saw a negative result, the deficit was narrower than a year ago.
Trading volume grew in four areas of the segment, including supermarkets.
The number was the result of USD 5.406 billion in exports and USD 3.64 billion in imports.
According to survey, Brazilian trade generated 2.66% more this year than in the same period of 2017.
An index from think tank FGV which tracks business owner outlook climbed 5.7 points in December from November of this year.
Brazil’s AEB forecasts foreign sales will fetch USD 220 billion next year, down 7.7% from 2018. Imports are expected to go up, making for a narrower trade surplus.
On the eve of the bloc’s summit, in Buenos Aires, OECD reported that exports rose only 0.3%, with imports up 0.7%, a reflection of protectionist measures taken by the member countries.
The World Trade Outlook Indicator, measured by the organization, is at 98.6 points, the lowest level since October 2016, which signals a possible slowdown in 2018’s last months.
Such was the total amount of imports, exports and re-exports to and from the emirate during the first half of 2018.
