Tag: imports
German exports surge to record high in March
Statistics office Destatis has today revealed German exports rose to a record high in March, driving its trade surplus up. Exports rose 7.3% in March on a monthly basis to €98.3 billion (£87 billion), while imports also rose to a record high, by 3.1% on a monthly basis, to €79.4 billion. A statement said: “That [...]
Japanese trade surplus dives in March
Last month’s earthquake and tsunami has resulted in a fall in Japan’s trade surplus after exports declined. However, a fall in exports was expected after the twin disasters forced some of Japan’s largest exporters to halt production. According to the Ministry of Finance, exports were 2.2% lower at 5.87 trillion yen on an annual basis [...]
Australia posts trade deficit
Australia has posted its first trade deficit for 11 months in February after flood and cyclone disasters led to a fall in coal and agricultural exports. The Australian Bureau of Statistics published a deficit of AUS$205 million (£131 million), from a downwardly revised surplus of AUS$1.433 billion the previous month. Analysts were shocked by the [...]
Japan’s trade balance back into a surplus
The Ministry of Finance has today revealed Japan swung back to a surplus in February. The trade balance came to a surplus of 654.1 billion yen – after having posted the first deficit for 22 months in January. Exports rose 9% in February on an annual basis – beating expectations of a 8.6% rise. The [...]
China rejects faster yuan rise
Chinese Premier Wen Jiabao said today his Government can control stubbornly high inflation and rejected any changes to its tightly managed currency, the yuan. Last week, China’s National Bureau of Statistics (NBS) revealed inflation rose 4.9% in February on an annual basis – the same figure as January. It remains well in excess of the [...]
US trade deficit widens in January
The US trade deficit swelled in January to a seven month high of $46.3 billion (£28.8 billion) – much higher than expected. The widening was attributed to higher prices for imported oil, the Commerce Department reported today. Imports continued to surge – rising for the fourth consecutive month in January by 5.2% on a monthly [...]
German trade surplus narrows in January
Statistics office Destatis has today revealed German exports unexpectedly fell 1% in January on the month after a 0.5% rise in December. However, on an annual basis, exports were up 24.2%. Germany is the world’s second largest exporter after China and export demand helped to bring Germany out of recession in the second quarter of [...]
China reports surprise trade deficit
Official figures have today revealed China returned to a trade deficit last month on the back of a sharp slowdown in exports. According to the Customs Authorities, exports grew just 2.4% in February on an annual basis to $96.74 billion, while imports rose 19.4% to $104.04 billion. This compares with a 38% rise in exports [...]
UK trade gap narrows more than expected in January
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed more than expected in January, as exports surged. According to the ONS, the global goods trade gap narrowed to £7.09 billion in the month from £9.69 billion in December. The deficit represents the smallest in almost a year and economists had [...]
Japan reports first trade deficit in 22 months
The Ministry of Finance has today revealed Japan posted its first trade deficit since March 2009 in January, due to slower exports. The world’s third largest economy posted a trade deficit of 471.42 billion yen (£3.52 billion) in January, with exports rising just 1.4% – analysts had forecast a rise of closer to 7%. Meanwhile, [...]
China trade surplus shrinks in January
Official figures have today revealed Chinese imports soared by 51% in January compared with a year ago – far exceeding forecasts of a 28% increase. Meanwhile, exports grew 38% in January on an annual basis, according to the customs authorities. Again, this easily beat expectations of a 22.4% rise. The strong rise in imports led [...]
US trade deficit widens in December
The US trade deficit swelled in December to $40.6 billion, from $38.3 billion the previous month. The rise was attributed to higher prices for imported oil, the Commerce Department reported today. Imports surged at the fastest rate since June, rising by 2.6% $203.5 billion – exceeding the $200 billion threshold for the first time since [...]
UK trade deficit hits record high in December
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit hit a record high in December – fuelled by a sharp rise in imports of aircraft. According to the ONS, the goods trade gap widened to £9.247 billion in December from a revised £8.460 billion the previous month. The December figure represented [...]
German exports up 0.5% in December
Statistics office Destatis has revealed German exports rose 0.5% in December on a monthly basis – albeit half the 1% rise expected by analysts. However, for the 2010 year, exports were up 18.5% to €951.9 billion. The figures sent the euro slightly higher to $1.3651 from $1.3627 late Tuesday. Germany is the world’s second largest [...]
UK trade deficit hits record high in November
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened to a record high in November. According to the ONS, the goods trade gap widened to £8.736 billion in November from an upwardly revised £8.591 billion the previous month. This represented the biggest deficit since monthly records began more than 30 [...]
China’s trade surplus narrows in December
Figures today from the customs authorities revealed Chinese exports surged 17.9% in December to $154.15 billion on an annual basis. However, this was much slower than the 34.9% rise reported in November. Imports, meanwhile, also rose, by 25.6% on a yearly basis to $141.07 billion, narrowing the country’s controversial trade surplus to $13.1 billion in [...]
Japan’s export growth improves in November
Government data has today revealed Japanese exports picked up in November – for the first time since February. Exports grew 9.1% to 5.44 trillion yen in November on an annual basis, against the 7.8% reported in October. However, the figure was still short of expectations for a 10.8% gain. The improvement was attributed to strong [...]
Chinese exports surge in November
Figures today revealed Chinese exports surged 34.9% in November on an annual basis – much higher than the 25% expected by economists and far higher than the 25% increase the previous month. In the meantime, imports also surged – up 37.7% on an annual basis, taking the country’s controversial trade surplus to $23 billion – [...]
