August 2, 2023 Today’s Economic and Trade Consulting

  

1. Ukraine cut interest rates for the first time since the Russian-Ukrainian conflict broke out

A few days ago, according to the news announced by the Central Bank of Ukraine, Ukraine will cut interest rates for the first time since the outbreak of the conflict between Russia and Ukraine in February last year, and decided to lower the key interest rate from 25% to 22%. The central bank also cut the deposit rate by two percentage points to 18 percent and the refinancing credit rate by three percentage points to 24 percent.

   

2. South Korea's exports fell year-on-year for 10 consecutive months

On the 1st, according to a report by Yonhap News Agency, South Korea’s exports in July were 50.33 billion US dollars, a year-on-year decrease of 16.5%. The monthly export volume has declined year-on-year for 10 consecutive months since October last year. The export value of chips, South Korea's main export product, fell 34% year-on-year in July, showing negative growth for 12 consecutive months.

   

3. Cambodia's international trade volume in the first half of the year fell by 13% year-on-year

A few days ago, according to a report released by the General Administration of Customs of Cambodia, the international trade volume of Cambodia in the first half of this year was 23.68 billion US dollars, a decrease of 13% compared with the same period last year. From January to June this year, Cambodia exported goods worth US$11.46 billion, a slight increase of 0.8% year-on-year; and imported goods worth US$12.22 billion, a year-on-year decrease of 22.9%.