Energy prices rose in the second half of 2021 and are currently forecast to be much higher in 2022 than expected, according to World Bank forecasts. Overall, non-energy commodity prices stabilized in 2021, with many at or near all-time highs. However, high energy costs have negatively affected the
South Korea‘s exports grew at a year-on-year rate of 25.8% in 2021, to $ 644.54 billion, reported that nation’s Ministry of Commerce, Industry and Energy. The maximum forecast of that indicator was achieved in 2018, when South Korean external sales were for 604.9 billion dollars. Conversely, South Korea’s
Food and minerals dominate Georgia‘s imports, according to a report by the World Trade Organization (WTO). Over the past decade, Georgia’s economic growth has been largely positive. In general, the country has demonstrated its commitment to opening markets and to greater integration in global and regional markets, as
In the third quarter of 2021, euro area exports increased 1.2% quarter-on-quarter, while imports climbed 0.7%, contributing 0.3 percentage points to GDP growth. Although net trade contributed positively to GDP growth in the third quarter, goods exports were held back by continued supply disruptions, according to the European
The world economy remains on the path of recovery, albeit persistent supply bottlenecks, reported the European Central Bank (ECB). Also rising commodity prices and the appearance of the Omicron variant of the coronavirus (Covid-19) continue to weigh on short-term growth prospects. Recent surveys of economic activity suggest that
Mexico‘s heavy vehicle exports grew at an interannual rate of 21.8% in 2021, to 141,002 units, the National Association of Bus, Truck and Tractor Producers (ANPACT) reported on Wednesday. ANPACT represents the leading producers of commercial vehicles and motors since 1992. With 14 associates (Dina, Freightliner, Hino, International,