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Imports fell 18.4% year-on-year in May 2023, compared with a 23.1% decline in April, reflecting demand for foreign inputs by both FDI and continuing domestic firms. continue to decrease. The decline was mainly due to a decrease in imports of textile materials (-37.5%), electronics and computer components (-10%), machinery (-17.3%) and smartphones ( -56%). vpower app, A trader in Mumbai said supplies from the winter crop have fallen sharply in the past few weeks, pushing rice prices higher. Last week, India increased the purchase price of new regular rice from farmers by 7%.
In addition, Vietnam has a stable political and economic background, with GDP growth reaching 8.02% in 2022, the fastest increase in 25 years, and total foreign direct investment reaching more than 8 billion in by 2022, among the 20 countries attracting the largest foreign investment in 2021. ciub Outside of Southeast Asia, Iraq is expected to import about 1 million tons this year , equivalent to 2022.