The total value of U.S. trade in January was up year-on-year. Still, according to the latest U.S. foreign trade data, the trade deficit in goods between the United States and China was down by $900 million month-on-month in January. The United States is China’s top trade surplus country, and lower exports to the United States…
China’s Exports Remain Under Pressure as US Trade Deficit With China Continues to Shrink
March 13, 2023
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ChinaChina Business & EconomyDepartment of Commercetrade surplusU.S.-China TradeUSUS-China relations
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Australian Trade Surplus Rises Above $13Bn
Australia’s trade surplus remained strong in November, hitting $13.2 billion after exceeding $12 billion two months in a row. The balance on goods and services was $12.5 billion in September and $12.7 billion in October, as per the Australian Bureau of Statistics’ data. Markets expected to see a cooler $11.3 billion surplus for the following…
Taiwan’s Exports to China Hit New Low as Chinese Economy Weakens
November 16, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyClean Networkeconomyhigh inflationHong Konginterest rate hikessupply chainTaiwanTaiwan Exportstrade surplusUS-China relationsweakening economyWorld
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In October, Taiwan’s exports to mainland China and Hong Kong fell 9.2 percent from a year earlier, the lowest in nearly 20 months, the Ministry of Finance (MOF) said on Nov. 8. Beatrice Tsai, director-general of the MOF Department of Statistics, said the numbers are indicators of China’s weakening economy. Meanwhile, Taiwan’s trade surplus from…
Australia’s Annual Coal Export Exceeded $100 Billion for First Time, Pushing Trade Surplus to $43 Billion
September 7, 2022
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AustraliaAustralian coalBusiness & Marketseconomyenergyenergy transitionGold and CommoditiesMarketstrade surplusWorld
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Australia has recorded its 13th consecutive accounts surplus in the June quarter on the back of a continued commodity boom, with the trade surplus hitting a record high $43.1 billion (US$29 billion). “The increase in the current account surplus was driven by higher commodity prices. Coal prices were elevated over the 2021-22 financial year, with…
Australia’s Trade Surplus Reaches Record High of $17.7 Billion in June
Australia posted a further trade surplus record of $17.7 billion (US$12.34 billion) in June as the country continued to export considerable volumes of coal, iron ore and grain. June’s surplus was also well above May’s record of $15 billion and outperformed economists’ expectations of a drop to $14 billion. Data from the Australian Bureau of…
Soaring Coal Exports Takes Australia’s Trade Surplus to Record $16 Billion in May
Australia’s trade surplus hit a record $16 billion (US$10.9 billion) in May following a hike in coal exports. The surplus went up by $2.7 billion compared to the previous month and far exceeded market expectations by around $10.5 billion. Data from the Australian Bureau of Statistics showed that exports grew by around $5 billion—or 9.5…
Canada Posts Biggest Trade Surplus for 13 Years, Exports Offset Flood Impact
OTTAWA—Canada posted a trade surplus of C$3.13 billion in November, the largest in over 13 years, with record exports offsetting the impact of floods in British Columbia, Statistics Canada said on Thursday. Analysts polled by Reuters had forecast a November surplus of C$2.03 billion. Exports and imports hit all-time highs for the second month in…
Australia’s Trade Surplus Reached Record High $20.5 Bn in June Quarter But Difficult Days Ahead
Australia recorded its highest account surplus over the June quarter on the back of iron ore exports while domestic economic activity also increased. The Australian Bureau of Statistics (ABS) released figures on Tuesday that said Australia’s current account surplus increased by $1.5 billion (U.S.$1.1 bn) to a record $20.5 billion (U.S.$15 bn) in the June…
Australia’s Account Surplus Reached Record High $20.5 Bn in June Quarter But Difficult Days Ahead
Australia recorded its highest account surplus over the June quarter on the back of iron ore exports while domestic economic activity also increased. The Australian Bureau of Statistics (ABS) released figures on Tuesday that said Australia’s current account surplus increased by $1.5 billion (U.S.$1.1 bn) to a record $20.5 billion (U.S.$15 bn) in the June…
Australia’s Trade Surplus for Goods Has Dropped
Australia’s trade surplus for goods has dropped to its lowest level in two years after China stopped buying a range of exports. The goods trade surplus for November was $1.9 billion after exports rose just one percent, according to Australian Bureau of Statistics figures published on December 23. The surplus for October was $4.7 billion….
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