- Thursday, 08 December 2016
- News
China's imports grew by most in two years
China's imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting a pick-up in both domestic and global demand. The upbeat data adds to signs of a modest industrial recovery in the world's largest economies, even as China and other Asian exporters brace for a potential trade war once protectionist U.S. President-elect Donald Trump takes office.
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- Tuesday, 06 December 2016
- News
US Trade Balance widen to $42.6 billion
The U.S. trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other products fell, suggesting trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the trade gap rose 17.8 percent, the largest increase since March 2015, to $42.6 billion. Higher imports due to rising domestic demand also contributed to the widening of the deficit. When adjusted for inflation, the deficit rose to $60.3 billion from $54.2 billion in September.
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- Tuesday, 08 November 2016
- News
China's Trade Balance surplus expands in October
China’s trade surplus expanded in October, data from the General Administration of Customs reported Tuesday. China’s trade surplus rose to 325 billion yuan in October, from 278.4 billion the previous month. Economists forecast the surplus to widen to 300 billion yuan. In US-denominated terms, Beijing’s surplus widened to $49.06 billion from $42 billion in September.
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- Thursday, 03 November 2016
- News
Australian Trade Balance deficit narrowed to $1.23 billion
In trend terms, the balance on goods and services was a deficit of $1,784m in September 2016, a decrease of $127m (7%) on the deficit in August 2016. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,227m in September 2016, a decrease of $667m (35%) on the deficit in August 2016. In seasonally adjusted terms, goods and services credits rose $426m (2%) to $27,254m. Non-rural goods rose $578m (4%) and rural goods rose $174m (5%).
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