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Tag Archives: Foreign trade

Turkey foreign trade deficit falls 15.4% to $84.5b in 2014

Trade Key Shows Online Buying And Selling

ANKARA: Turkey’s foreign trade deficit has fallen 15.4 percent to $84.5 billion in 2014, due to a rise in exports to the EU, dramatic decrease in gold imports and plunging oil prices, according to data released by Turkish Statistics Institute (TÜİK). Turkey’s exports increased to $157.72 billion in 2014 by a 3.9 percent of increase from the previous year, the ... Read More »

Turkey foreign trade deficit falls 15.4% to $84.5b in 2014

Trade Key Shows Online Buying And Selling

ANKARA: Turkey’s foreign trade deficit has fallen 15.4 percent to $84.5 billion in 2014, due to a rise in exports to the EU, dramatic decrease in gold imports and plunging oil prices, according to data released by Turkish Statistics Institute (TÜİK). Turkey’s exports increased to $157.72 billion in 2014 by a 3.9 percent of increase from the previous year, the ... Read More »

India’s foreign exchange reserves up by $236m to $319.47b

India's foreign reserves

MUMBAI: India’s foreign exchange reserves gained by $236.4 million to $319.47 billion, Reserve Bank of India (RBI) data showed. In the previous week the reserves had decreased by $471 million to $319.23 billion. According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, rose $308.5 million at $294.84 billion in the week under ... Read More »

China downgrades its foreign trade target to 6% in 2015

china foreign trade

BEIJING: Citing India and Vietnam as major competitors challenging its vast export markets, China has downgraded its foreign trade target to six percent next year from this year’s 7.5 percent this year. “As other developing economies such as India and Vietnam pose a greater challenge for Chinese businesses in developed markets, especially in the field of low-end manufacturing, exporters in ... Read More »

Dubai expecting more tourists on Eid

Dubai

DUBAI: Foreign trade of Dubai during Eid festival has risen up to around AED28.2 billion in 2014, with a 12 percent increment as compared to same period in 2013. The flourishing tourism season helps increasing the demand for Eid products. Dubai is expecting more tourists on this Eid as the emirate’s tourist attraction sites and luxurious malls are offering unrivalled, ... Read More »