Tag: trade deficit

US trade deficit widens as exports slump

US trade deficit widens as exports slump

The US trade deficit swelled in June to $53.1 billion (£32.9 billion) from an upwardly revised $50.8 billion the previous month, as exports slumped. The deficit was much higher than the $48 billion expected by analysts. According to the Commerce Department, the trade deficit rose to the highest level since October 2008. Exports fell by [...]

August 11, 2011 | 0 Comments More
UK trade deficit widens in May

UK trade deficit widens in May

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened in May to £8.48 billion from a revised £7.6 billion in April. The figures surprised economists who had expected the trade gap to narrow to £7.3 billion. Meanwhile, the ONS said exports rose by 4.2% on a monthly basis to £25.4 [...]

July 12, 2011 | 0 Comments More
Japan’s exports down 10.3% on year

Japan’s exports down 10.3% on year

June 20, 2011 | 0 Comments More
Japan exports slump due to earthquake and tsunami devastation

Japan exports slump due to earthquake and tsunami devastation

The Ministry of Finance has today revealed Japan’s exports plunged by in April – hit by the 11 March earthquake and tsunami. Official figures revealed exports fell by 12.5% in April on an annual basis as the twin disasters forced some of Japan’s largest exporters to halt production. Meanwhile, imports surged by 8.9% in April [...]

May 25, 2011 | 0 Comments More
US trade deficit pushed up by rising oil import costs

US trade deficit pushed up by rising oil import costs

The US trade deficit swelled in March to $48.18 billion (£29.5 billion) – up from $45.4 billion the previous month. The widening was attributed to higher prices for imported oil, the Commerce Department reported. Imports rose 4.9% to $220.8 billion, while exports grew 4.6% to a record high of $172.7 billion – the largest monthly [...]

May 12, 2011 | 0 Comments More
UK trade deficit narrows in February

UK trade deficit narrows in February

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed in February. According to the ONS, the global goods trade gap narrowed to £6.8 billion in the month from £7.8 billion in January. Analysts had expected a widening in the deficit to £8.1 million. Stripping out oil and erratic items, the [...]

April 12, 2011 | 0 Comments More
Australia posts trade deficit

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 [...]

April 5, 2011 | 0 Comments More
US trade deficit widens in January

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 [...]

March 10, 2011 | 0 Comments More
China reports surprise trade deficit

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 [...]

March 10, 2011 | 0 Comments More
Japan reports first trade deficit in 22 months

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, [...]

February 23, 2011 | 0 Comments More
US trade deficit widens in December

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 [...]

February 11, 2011 | 0 Comments More
UK trade deficit hits record high in December

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 [...]

February 9, 2011 | 0 Comments More
US trade deficit narrows sharply

US trade deficit narrows sharply

December 13, 2010 | 0 Comments More
UK trade deficit widens in October

UK trade deficit widens in October

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit unexpectedly widened in October. According to the ONS, the goods trade gap widened to £8.5 billion in October, up from an upwardly revised deficit of £8.3 billion the previous month. Analysts had expected a deficit of £8.05 billion. The ONS said exports [...]

December 9, 2010 | 0 Comments More
US trade deficit narrows in September

US trade deficit narrows in September

The Commerce Department today announced the US trade deficit narrowed by 5.3% in September to $44 billion - slightly less than the $45 billion expected by analysts. The figures led to a politically sensitive gap with China of $27.8 billion – hovering near a record high. The previous record trade deficit with China was $27.9 [...]

November 10, 2010 | 0 Comments More
UK trade deficit narrows in August

UK trade deficit narrows in August

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed slightly in August, after reaching a five-year high the previous month. According to the ONS, the goods trade gap widened to £8.2 billion in August, down from the £8.7 billion reported in July. Analysts had expected a deficit of £8.05 billion. [...]

October 12, 2010 | 0 Comments More
US trade deficit narrows in July

US trade deficit narrows in July

The Commerce Department today announced the US trade deficit narrowed in July by 14% to $42.8 billion (£27.8 billion) from $49.90 billion the previous month. The figure is much improved from June’s figure when the trade gap reached a 20-month high. According to the Commerce Department, the narrowing in the trade deficit was primarily due [...]

September 9, 2010 | 0 Comments More
UK interest rates remain on hold

UK interest rates remain on hold

The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% - where they have been since March 2009. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to [...]

September 9, 2010 | 0 Comments More
UK trade deficit widens in July

UK trade deficit widens in July

The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened in July to a record high, as imports soared and exports fell. According to the ONS, the goods trade gap widened to £8.667 billion in July, up from £7.532 billion the previous month. The deficit was the biggest since the series [...]

September 9, 2010 | 0 Comments More
US trade deficit widens in June

US trade deficit widens in June

The Commerce Department today announced the US trade deficit widened in June to $49.90 billion (£31.8 billion) – the highest level in 20 months and much higher than the $42.2 billion most economists had expected. According to the Commerce Department, the further widening in the trade deficit was primarily due to rising imports from China [...]

August 11, 2010 | 1 Comment More