A study by the Australian National University (ANU) of China’s moves toward the decarbonisation of its economy has noted there is a potential for Beijing’s demand for coal imports, including from Australia, to fall substantially by 2025. Energy economist and lead author of the study, Jorrit Gosens, said that the modelling indicates major coal exporters such…
New Modelling Suggests Australian Coal Exports to China Could Take a Dive
April 24, 2022
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Soyoil Surges to Record High as Indonesia Bans Palm Oil Exports
April 23, 2022
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LONDON—Soybean oil prices soared to a record high on Friday as Indonesia’s decision to effectively ban exports of palm oil heightened concerns about already depleted global supplies of alternative vegetable oils. The loss of shipments from Ukraine, the world’s top supplier of sunflower oil, and drought in the world’s top soybean oil exporter Argentina had…
Chinese Exports to Russia Decline After Invasion of Ukraine
China’s exports to Russia declined in March, official data showed on April 13, in a sign that Chinese companies may be displaying more caution when it comes to trading with Moscow following its invasion of Ukraine in February. Data shows that Chinese firms sold $3.8 billion worth of goods to Russia in March 2022, representing a 7.7 percent…
German Imports, Exports Jump More Than Expected in February
German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war in Ukraine have yet to be reflected in foreign trade figures. Seasonally adjusted exports rose 6.4 percent on the month, compared to a rise of 1.5 percent predicted by economists. Imports increased…
Gazprom Says Gas Exports Outside Ex-Soviet Union Down 28.5 Percent Year on Year so Far in 2022
Russian energy giant Gazprom said on Tuesday that natural gas exports outside former Soviet Union countries fell by 28.5 percent year on year to 30.7 billion cubic meters (bcm) in the period from Jan. 1 to March 15. It also said that its gas output for that period stood at 111.5 bcm, broadly unchanged from…
German Exports Rise Again in December, Strong Gains in 2021
BERLIN—German exports increased for the third consecutive month in December, capping a year in which they rose 14 percent compared with 2020, official figures showed Wednesday. The Federal Statistical Office said that exports from Germany, Europe’s biggest economy, were up 0.9 percent in December compared with the previous month. That followed gains of 1.8 percent…
US Crude Exports Ramp Up as Global Demand Recovers
NEW YORK—U.S. crude exports are ramping up due to increasing demand from Asia and Europe and recovering U.S. production from the lows of the coronavirus pandemic. Surging worldwide demand, supply outages, and international political tension have stoked worries around crude supplies, boosting oil prices to the highest levels in seven years, with some predicting crude…
Japan’s December Exports, Imports Hit Record High by Value as Supply Bottlenecks Ease
TOKYO—Japan’s exports and imports in December hit record highs in terms of their value in yen, data showed on Thursday, as supply bottlenecks eased at the end of 2021 amid rising prices. However, a persistent semiconductor shortage remained a headache for Japanese firms such as automaker Toyota, which slashed its near-term output target this week,…
Taiwan Stock Market Hits New High As Economy Performs Best Since 2010
Taiwan’s stock market continues to set new highs to greet the new year, jumping more than 300 points, or 1.6 percent, in the first two trading days of 2022, after surging by 23.6 percent in the whole year of 2021. This comes as exports and investments have fueled Taiwan’s best economic outlook since 2010. Amid…
EU Records First Drop in Sparkling Wine Exports in Decade as Champagne Loses Its Fizz
BRUSSELS—The European Union’s exports of sparkling wine to the rest of the world fell last year for the first time in a decade, Eurostat said on Friday, largely because of a massive drop in champagne sales, though prosecco and cava sold well. The COVID-19 pandemic dampened wine trade globally in 2020, the latest year for…
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