According to her, the trade balance
between the two countries was US$2.3 billion (RM9.64 billion), with a decline from India from about 54 per cent to about 45 per cent.
Bank Indonesia considers the latest trade balance
developments in July 2019 the result of global economic moderation and stagnant commodity prices against a backdrop of solid domestic demand.
Apart from the May foreign trade balance
, the turnover was disappointing in May, with both exports and imports decreasing, Korsnak continued.Despite its weaker performance in the past few months, he still expects foreign trade surplus to increase this year, thanks to the boost from the automotive industry and its new production capacities, represented mostly by Nitra-based Jaguar Land Rover.
Other regions that had favorable trade balances
during the period were: Eastern Visayas, Central Luzon, Bicol Region, ARMM, and SOCCSKSARGEN.
Excluding energy, the deficit on the trade balance
is reduced to 4,973.4 MD.
Late in October, Oveysi had said that Iran's trade balance
with Belarus had turned positive after 25 years.
The total foreign trade balance
(exports FOB - import CIF) was negative in the period January - November 2018 and amounted to 6 940.5 Million BGN.
Tariffs are more likely to lead to offsetting changes in exchange rates that frustrate the achievement of macroeconomic objectives; less imports and a stronger trade balance
increase demand for the domestic currency, and so its value.
'The government should ensure that the revised FTA turns the trade balance
in Pakistan's favour.' He said China was the second largest importer in the world after the US.
Data from PSA showed that the region's trade balance
improved from registering a negative performance in the first quarter last year at P649.70 million.
The trade balance
between the Sultanate and the UAE is in favour of the UAE, due to the increase in imports compared to exports amounting to RO3.168.3 billion.
Looking at the breakdown and the pattern of Japan's Current Account, for many years the Trade Balance
of goods remained in surplus, while the Trade Balance
of services was in deficit.