Page 3 - Exports

Would target $300 bn services exports in 2022-23: Export promotion council

SEPC looks to set an export target of 300 billion for 2022-23 as it expects resumption of regular international travels and other business activities in the coming time

December merchandise exports up 40% YoY, hit record $37.81 billion

Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first nine months of FY22

India, South Korea set $50 billion bilateral trade target before 2030

India and South Korea set a bilateral trade target of $50 billion before 2030, as South Korea's Trade Minister Yeo Han-Koo held talks with India's Piyush Goyal in New Delhi on Tuesday

Statsguru: Omicron's impact on India's booming exports to be watched

Some large segments like engineering and electronic goods are barely above 2019 levels

South Korea's kimchi exports hit new high in 2021 amid growing popularity

South Korea's exports of kimchi, a traditional spicy side dish of salted and fermented vegetables, hit an all-time high last year due to its growing popularity, data revealed on Sunday.

Exports rise 36% to $23.8 billion in first three weeks of December

Recovery in key global markets and robust demand help trend, says commerce ministry data.

India's textile and apparel exports outshine pre-Covid numbers

Export of all commodities in the segment was valued at $263 billion during the April-November period in 2021-22

Jan 1 will usher in revised HSN

Under the Served from India Scheme (SEIS), the rates for exports during 2019-20 were notified with certain ceilings and applications were allowed till the allocations lasted

Indian engineering exports to China doubles in November 2021

The US, however, remained the top importer of Indian engineering goods

Exports may be slow down in FY23 due to Covid, supply issues: Trade group

Rise in input cost, delays in shipments and payments among problems in growth, says FIEO.

FIEO aims at $460-475 billion exports next fiscal year amid Covid woes

Much will depend on whether the world would be able to contain COVID-19 through massive vaccination across the globe and be able to create the required vaccine manufacturing capacity

India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data

Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed

Freight cost hits highest due to Omicron, threatening export companies

As the Omicron variant has slowdown major ports and global supply again, shipping and air freight rates hit record highs.

Covid-19 jab exports set to rise; Serum Institute leads the pack

Indonesia to get 5 mn Covovax doses, exports to COVAX to rise to 30 mn by Jan

Best of BS Opinion: Strengthening financial sector, no solution yet & more

Here is the best of Business Standard's opinion pieces for Friday

Exports grow 11 months on trot, rise 43% to $35.65 billion in October

The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices

India on track to achieve historic highs in exports: Union min Piyush Goyal

Union Minister Piyush Goyal on Sunday said India's economy was witnessing a bounce back in every sphere, and the country is well on track to achieve historical highs in goods and services exports. Goyal said India is on course to achieve USD 400 billion of merchandise exports in the current financial year ending March. "Also, on the services (exports) side, we are well on track to go up to a USD 150 billion. So, collectively we are on track for historic goods and services exports," he said. Inaugurating the India International Trade Fair (IITF) here, the commerce and industry minister said the country witnessed the "highest ever" FDI inflow of USD 27 billion in the first four months this fiscal, a 62 per cent jump over the same period last year. Asserting that the world takes India as a trusted global partner in maintaining global supply chains, Goyal said despite the lockdown, India did not default on any service support to the global community. The minister also highlighted that

Oil steady amid rosier outlook for global economy, strong fuel demand

Brent crude was down 2 cents at $83.41 a barrel by 0735 GMT, after gaining 0.8% on Monday

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Outbound shipments jumped 27.1% in October from a year earlier, slower than September's 28.1% gain.

China's exports stay strong despite Covid, trade surplus tops $80 bn

China's exports remained strong in October, a positive sign for an economy trying to weather power shortages and COVID-19 outbreaks.