China, South Africa agree on mutual investment and trade balance strategy
South Africa, like many other African nations, has long exported raw materials to China while importing manufactured goods, leading to a trade deficit.
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Rupiah surge poses challenges for Indonesian exporters
With global palm oil prices already under pressure from increased supply and sluggish demand, the strengthening rupiah is squeezing profit margins further.
Exports of key commodities decline amid growing trade deficit from April to July
Data from the Ministry of Commerce and Industry reveals that exports of crucial commodities, including textiles, pharmaceuticals, and engineering goods, have fallen significantly. The decrease in export volumes is attributed to a combination of factors, including weakened demand in key international markets, fluctuating commodity prices, and ongoing logistical challenges.