India's imports of Middle Eastern oil plunged to a four-year low in 2019, tanker data obtained from sources showed, as the energy-hungry nation diversifies its supplies to cut costs and help shield itself from geopolitical tensions.
China fulfilled its commitment to increase imports in 2019 amid rising tides of protectionism, boosting domestic economic expansion and offering a beacon of hope for multinationals that had suffered from low profit growth in other parts of the world.
India's gold imports fell for a fourth straight month in October from a year ago as near record-high prices dampened buying during key festivals in the world's second-biggest consumer of the metal, a government source said on Monday.
After importing metals and machineries from developed countries, contractors of infrastructure projects are now deploying welding and cutting operators from China, Russia and East European countries due to a huge shortage of domestic skilled welding workforce.
Iran’s Central Bank governor said that imports of basic goods and foodstuffs to the country have surged by more than two thirds as authorities seek to increase inventories to cope with the impacts of US sanctions.