- Thursday, 02 February 2017
- News
Australian Trade surplus surges to record $3.5b in December
A huge rebound in commodity exports has delivered a record trade surplus of $3.5 billion in December. Previous record surplus was $2.24 billion in February 2009. The value of iron ore exports jumped by $1 billion in December alone. The surplus expanded by 72 per cent on the upwardly revised $2 billion reported in November, which broke the sequence of 30 consecutive months of deficits. The Bureau of Statistics figures showed that the value of exports jumped by a solid 5 per cent to $32.6 billion, while imports edged up 1 per cent. Read more...
- Monday, 16 January 2017
- News
Eurozone Trade Balance showed surplus of 25.9 billion euros
The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2016 was €184.2 billion, an increase of 6% compared with November 2015 (€173.8 bn). Imports from the rest of the world stood at €158.3 bn, a rise of 5% compared with November 2015 (€150.9 bn). As a result, the euro area recorded a €25.9 bn surplus in trade in goods with the rest of the world in November 2016, compared with +€22.9 bn in November 2015. Intra-euro area trade rose to €154.0 bn in November 2016, up by 5% compared with November 2015.
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- Friday, 13 January 2017
- News
China's exports fell more than expected in December
China's December exports fell by a more-than-expected 6.1 percent from a year earlier, while imports beat forecasts slightly, growing 3.1 percent on strong demand for commodities from coal to iron ore, official data showed on Friday. That left the country with a trade surplus of $40.82 billion for the month, the General Administration of Customs said. Exports in all of 2016 fell 7.7 percent from a year earlier, while imports slid 5.5 percent. China's Jan-Dec trade surplus was $509.96 billion.
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- Friday, 06 January 2017
- News
Australian Trade Balance showed largest surplus since February 2014
Australia’s trade balance jumped back in the black in November, logging the first surplus seen since March 2014. According to the ABS, a surplus of $1.243 billion was reported in seasonally adjusted terms, well above the $500 million deficit that had been expected by economists. It was the largest surplus recorded since February 2014, and followed a run of 31 consecutive monthly deficit. The ABS said that the value of exports jumped by 8% to $30.083 billion while import values were flat, coming in at $28.84 billion.
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