Rebounding Economy To Power Import Demand, Narrow Guatemalan Current Account Surplus Fitch Solutions / Country Risk / Guatemala / Wed 07 Jul, 2021
Key View
Guatemala’s economic recovery will drive increased import demand in the quarters ahead, narrowing its current account surplus after a sharp widening in 2020.
Strong remittance inflows amid a robust US labour market will boost Guatemala’s secondary income surplus and limit the narrowing of the current account surplus.
We at Fitch Solutions have revised our 2021 current account balance forecast to 3.9% of GDP, from 4.3% previously, and our 2022 forecast to 3.5%, from 4.0% previously, as the recovery in import demand has surprised to the upside in
Indias exports jump in March 2021: Exports rose in March but contracted in fiscal 2020-21
India s exports jumped by 60.29 per cent to $34.45 billion in March but at the same time they witnessed a contraction by 7.26 per cent during the FY21 fiscal, recording $290.63 billion. Imports also grew by 53.74 per cent to $48.38 billion in March, but dipped by 18 per cent to $389.18 billion during 2020-21, according to the data released on Thursday by the Ministry of Commerce.
Trade deficit during March 2021 widened to $13.93 billion from $9.98 billion in March 2020. The trade deficit during FY21 though, narrowed to $98.56 billion as against $161.35 billion during 2019-20, according to the data.
Exports up 10.3% during Feb 1-8: Official
Imports too increased by a marginal 0.7 per cent to USD 9.84 billion during the week, the official added. The trade deficit narrowed to USD 2.54 billion.
India s exports dip 5.12% in October; trade deficit narrows to USD 8.71 billion
Exports
Continuing with the positive growth, the country s exports grew by 10.3 per cent to USD 7.3 billion during the first week of February on account of strong performance by key sectors such as engineering and chemicals, an official said on Wednesday.
Imports too increased by a marginal 0.7 per cent to USD 9.84 billion during the week, the official added.
The trade deficit narrowed to USD 2.54 billion.
HCM City’s State budget collection up 2.9 percent in January - Illustrative image (Photo: VNA)
HCM City (VNA) -
Ho Chi Minh City in January were estimated at
42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9
percent year-on-year, according to the municipal Statistics Office.
Domestic budget collections declined 3.5 percent year-on-year to 31.27
trillion VND, accounting for 73.6 percent of the total.
Revenue from crude oil totalled
800 billion VND, down 55.5 percent.
Notably, revenue from
exports and imports surged 47.2 percent annually to 10.4 trillion VND. The
increase is linked to good growth of the city’s import-export activities in the
period, at 46.9 percent year on year.
The data revealed that exports of petroleum products contracted 35.35 per cent to $ 2.34 billion in December 2020, while that of readymade garments shrank 15.05 per cent to $ 1.19 billion. However, exports of electronic goods grew by 16.51 per cent to $ 1.25 billion and of chemicals by 10.79 per cent to nearly $ 2 billion. If the merchandise and services are combined, the country s overall exports in the April-December period stood at $ 348.49 billion, a decline of 12.65 per cent over the corresponding period in 2019.
Additionally, the outward shipments of rice, tea, spices as well as oil meals too were higher in December 2020 as compared to the corresponding month of 2019. The cumulative value of exports for the April-December period was $ 200.80 billion as compared to $ 238.27 billion during the corresponding period in 2019, registering a decline of 15.73 per cent. The overall imports in the April-December period were estimated to be $ 343.27 billion, reflecting negativ