Connect to share and comment

Spain cuts trade deficit by almost half in 2013

Spain's trade deficit fell by almost half in 2013 as exports hit a new record and imports fell due to weak domestic demand, in a country where one in four is out of work, officials said on Friday. The shortfall of exports to imports for Spain, with the eurozone's fourth-biggest economy, fell 48.1 percent last year from the 2012 level. The outcome was a deficit of 15.9 billion euros ($21.8 billion), the economy ministry said.

China trade surplus rebounds in January

China's trade surplus surged in January, according to data Wednesday showing exports strengthened markedly in a potentially brighter note for the world's second-biggest economy after recent disappointments -- although some economists suggested the numbers could be distorted. The surplus rose 14.0 percent year-on-year in January to $31.86 billion, the General Administration of Customs said, rebounding from a decline the previous month. Exports jumped more than expected, increasing 10.6 percent to $207.13 billion, while imports were up 10.0 percent at $175.27 billion.

China trade surplus rebounds in January

China's trade surplus surged in January, according to data Wednesday showing exports strengthened markedly in a potentially brighter note for the world's second-biggest economy after recent disappointments -- although economists suggested the numbers could be distorted. The surplus rose 14.0 percent year-on-year in January to $31.86 billion, the General Administration of Customs said, rebounding from a decline the previous month. Exports jumped more than expected, increasing 10.6 percent to $207.13 billion, while imports were up 10.0 percent at $175.27 billion.

China's trade growth accelerates in January; imports up 10 per cent, exports up 10.6 per cent

BEIJING, China - China's trade growth accelerated in January, possibly helping to ease fears about a slowdown in the world's second-largest economy that could dent global demand. Imports rose 10 per cent to $107.2 billion, up from January's 8.3 per cent growth, trade data showed Wednesday. Exports rose 10.6 per cent to $126.7 billion, more than double the previous month's 4.3 per cent expansion.

China's trade growth accelerates in January; imports up 10 per cent, exports up 10.6 per cent

BEIJING, China - China's trade growth accelerated in January, possibly helping to ease fears about a slowdown in the world's second-largest economy that could dent global demand. Imports rose 10 per cent to $107.2 billion, up from January's 8.3 per cent growth, trade data showed Wednesday. Exports rose 10.6 per cent $126.7 billion, more than double the previous month's 4.3 per cent expansion.

China trade surplus rebounds in January

China's trade surplus surged in January, according to data Wednesday that showed exports strengthening in a potentially brighter note for the world's second-biggest economy after a disappointing performance of late. The surplus rose 14.0 percent year-on-year in January to $31.86 billion, the General Administration of Customs said, rebounding from a decline the previous month. Exports jumped more than expected, increasing 10.6 percent to $207.13 billion, while imports were up 10.0 percent at $175.27 billion.

Portugal on track for export-led recovery: trade data

Portugal is showing signs of an export-led recovery, with trade data released Monday revealing a big cut in the trade deficit last year. Portuguese exports outside the European Union showed the strongest improvement, although the EU accounts for about two-thirds of all exports. The country, fighting to emerge from a bailout programme but showing emergence from recession since the second quarter of last year, cut the trade deficit by 14.9 percent.

Imports, exports and trade deficit all rose in December: StatsCan

OTTAWA - Canada's trade deficit widened to $1.7 billion in December, worse than expected, as growth in imports outpaced export growth. The rise in the deficit came as Statistics Canada also revised the November trade deficit Thursday to $1.5 billion compared with an initial estimate of $940 million. Economists had expected the December trade deficit to come in at about $700 million, according to estimates compiled by Thomson Reuters.

German trade surplus hits new record high in 2013 amid concerns of overreliance on exports

BERLIN - Germany's trade surplus hit a new high in 2013 as concerns grow that Europe's largest economic is relying too heavily on exports and not doing enough to encourage domestic demand. The Federal Statistical Office reported Friday that 2013 exports dropped by 0.2 per cent over 2012 to 1.09 trillion euros ($1.47 trillion) as imports fell 1.2 per cent to 895 billion euros. The resulting trade surplus of 198.9 billion euros was the highest value ever recorded, beating the 195.3 billion euro surplus of 2007 and up from last year's 189.8 billion euros.

German trade surplus hits new record high in 2013 amid concerns of overreliance on exports

BERLIN - Germany's trade surplus hit a new high in 2013 as concerns grow that Europe's largest economic is relying too heavily on exports and not doing enough to encourage domestic demand. The Federal Statistical Office reported Friday that 2013 exports dropped by 0.2 per cent over 2012 to 1.09 trillion euros ($1.47 trillion) as imports fell 1.2 per cent to 895 billion euros. The resulting trade surplus of 198.9 billion euros was the highest value ever recorded, beating the 195.3 billion euro surplus of 2007 and up from last year's 189.8 billion euros.
Syndicate content