The latest foreign trade information
“Mozambique Economic Report on November 17th: According to data released by the National Institute of Statistics (INE) on the 17th, Mozambique's Gross Domestic Product (GDP) grew by 5.92% in the third quarter of 2023, accumulating a 4.9% growth since the beginning of the year. In particular, the GDP of the primary sector increased by 12.9%, with the mining industry making the largest contribution, followed by agriculture, livestock, and forestry. The Central Bank of Mozambique stated that the accelerated economic growth in Mozambique is further boosted by the increased production of liquefied natural gas, contributing 45% to its economic growth.”
➯Mozambique Economic Report on November 17th: According to data released by the National Institute of Statistics (INE) on the 17th, Mozambique's Gross Domestic Product (GDP) grew by 5.92% in the third quarter of 2023, accumulating a 4.9% growth since the beginning of the year. In particular, the GDP of the primary sector increased by 12.9%, with the mining industry making the largest contribution, followed by agriculture, livestock, and forestry. The Central Bank of Mozambique stated that the accelerated economic growth in Mozambique is further boosted by the increased production of liquefied natural gas, contributing 45% to its economic growth.
➯According to data from the National Statistics Office of Georgia, the total foreign trade volume of Georgia from January to September 2023 reached 15.91 billion US dollars, representing a year-on-year growth of 16.5%. Of this total, exports amounted to 4.607 billion US dollars, showing a year-on-year increase of 12.7%, while imports amounted to 11.303 billion US dollars, reflecting a year-on-year growth of 18.2%.
➯Preliminary data from the National Statistics Office of Georgia indicates that the average GDP growth rate for the period January to September 2023 was 6.8%, with a month-on-month growth of 5.1% in September.
➯According to data released by the National Institute of Statistics and Economic Studies in France, the price of potatoes on the shelves in France has significantly increased by nearly 23% over the past year, rising from 1.7 euros per kilogram (approximately 13.26 Chinese yuan) to 2.09 euros per kilogram (approximately 16.3 Chinese yuan). Prices of various processed potato products have also seen a substantial increase, with the price of frozen potato products rising by 25% over the past year.
➯According to local media reports on the 29th, the Reserve Bank of New Zealand announced that it would maintain the official cash rate at 5.5%.
➯On the 29th local time, preliminary statistical data from the National Institute of Statistics in Spain indicated that the country's inflation rate for November was 3.2%, showing a decrease of 0.3 percentage points compared to the previous month. The core inflation rate, excluding fresh food and energy products, was 4.5%, reflecting a decrease of 0.7 percentage points from the previous month.
➯Data provided by Apollo Global Management indicates that the $7.6 trillion debt of the U.S. federal government is set to mature within the current year, reaching a new high since the beginning of 2021. Apollo's Chief Economist, Torsten Slok, anticipates that the substantial maturing debt could exert upward pressure on U.S. bond yields.
