Connect to share and comment

S. Korea's industrial parts and materials exports grow 2.1 pct in Q1

SEJONG, April 17 (Yonhap) -- South Korea's exports of industrial parts and materials increased from a year earlier in the three months ended March while its imports from Japan further dwindled to a record low, the government said Thursday. In the January-March period, outbound shipments of industrial parts and materials came to an estimated US$64.88 billion, up 2.1 percent from the same period last year, according to the Ministry of Trade, Industry and Energy. The amount accounts for 47 percent of the country's overall exports in the cited period.

Ireland's official trade surplus widens in February

Ireland raised its trade surplus by 4.0 percent in February from the January level as exports grew and imports fell in the country's fightback from crisis, official data showed on Monday. A trade surplus is one of the main factors of growth in an economy, and eurozone nation Ireland is counting heavily on exports to fuel its economic expansion since emerging from an international bailout programme in December.

Shock fall in industry output, exports deepen India's economic gloom

By Rajesh Kumar Singh and Manoj Kumar NEW DELHI (Reuters) - India's economic gloom deepened on Friday with a surprise contraction in industrial output, a fall in exports and a jump in the trade deficit, underscoring the enormity of challenges awaiting a new government that takes over in May. Economic growth in Asia's third largest economy has almost halved to below 5 percent in the past two years on weak investments and consumer demand, in the worst slowdown for the south Asian nation since the 1980s.

China imports, exports slump in March

Chinese exports and imports fell sharply in March, data showed Thursday, as officials noted that the world's second-largest economy faces headwinds from tougher regional competition and "friction" with trade partners. The figures are potentially another cause for concern about the the economy, which has shown signs of weakness recently with a string of disappointing indicators on trade, industrial output and consumer spending.

China's March exports shrink, adding to danger of job losses as economy slows

BEIJING, China - China reported an unexpected contraction in exports in March, raising the danger of job losses as Beijing tries to overhaul its slowing economy. Customs data Thursday showed that exports fell 6.6 per cent from a year earlier, well below analysts' expectations of single-digit growth. Imports contracted by 11.3 per cent, highlighting the weakness in Chinese growth.

China imports, exports slump in March

Chinese exports and imports fell sharply in March, data showed Thursday, as officials acknowledged the economy faced headwinds owing to tougher competition from neighbours and "friction" with trade partners. Imports slumped 11.3 percent year-on-year to $162.4 billion while exports fell 6.6 percent to $170.1 billion, the General Administration of Customs announced, resulting in a surplus of $7.7 billion. China recorded a surprise deficit of $884 million in March last year.

U.S. trade deficit up 7.7 pct in February

Washington, Apr 3 (EFE).- The United States' trade deficit rose 7.7 percent in February to $42.3 billion, the Commerce Department said Thursday. Exports decreased by 1.1 percent that month to $190.4 billion, while imports inched up 0.4 percent to $232.7 billion. The U.S. trade deficit totaled $81.6 billion for the year's first two months, compared with an $85.4 billion deficit in the same period of 2013. February's trade deficit was the highest in five months and largely the reflects the lower value of oil, commercial aircraft and industrial supplies exports.

US trade deficit swells to $42.3 bn in February

The US trade deficit increased sharply in February as imports rose and exports tumbled amid signs of slowing growth in China and Europe's tepid recovery, official data showed Thursday. The nation's trade gap in goods and services with the rest of the world widened to a seasonally adjusted $42.3 billion, from an upwardly revised $39.3 billion in January, the Commerce Department said. The shortfall has increased for three months in a row. Analysts on average had expected a smaller increase to $39.3 billion. The January trade deficit was previously reported at $39.1 billion.

Imports, exports rose, trade deficit became surplus in February: StatsCan

OTTAWA - Statistics Canada says merchandise exports grew 3.6 per cent and imports were up 2.1 per cent in February. It says Canada's trade balance with the world went to a surplus of $290 million in February from a deficit of $337 million in January. The report says exports rose to $42.3 billion on the strength of motor vehicles and parts as well as energy products. Imports grew to $42.1 billion on higher imports of energy products, motor vehicles and parts, as well as industrial machinery, equipment and parts.

Trade deficit widens as exports fall

WASHINGTON (Reuters) - The U.S. trade deficit unexpectedly widened in February as exports fell to their lowest level in five months, further signs economic growth slowed in the first quarter. The Commerce Department said on Thursday the trade gap increased 7.7 percent to $42.3 billion, the largest since September last year. January's shortfall was revised to $39.3 billion from a previously reported $39.1 billion.
Syndicate content