German exports increased less than expected in October, but foreign trade continued to provide a boost to Europe’s largest economy at the start of the fourth quarter of the year as it struggled to avoid a slide into deflation. The Federal Statistics Office said on Wednesday that exports, adjusted for …
Read More »China Posted Its Largest Trade Surplus in 30 Years
China’s exports jumped by 21.1% last November, the largest increase in two years, while imports rose 4.5% for the same period. This resulted in a trade surplus of $ 75.4 billion, and this surplus is the largest in 30 years. China’s trade balance with the United States reached a new …
Read More »German Exports Rise More Than Expected in September
German exports rose more than expected in September and foreign trade gave a boost to Europe’s largest economy that continued into the fourth quarter of the year as it struggles to avoid slipping into a double-digit deflation. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.3% on …
Read More »Japanese Exports Fell More Than Expected by 4.9% in September
Japanese exports fell 4.9% in September year on year, more than expected. Imports decreased by 17.2%, better than expectations for a decline of 21.4%. As a result, the trade surplus decreased to 675.0 billion yen. It is reported that Japanese exports to China increased by 14.0%, the largest increase since …
Read More »Germany’s Exports Increase in August Boosts Hopes For a Strong Recovery
German exports increased for the fourth month in a row and more than expected in August, boosting hopes of a strong recovery for Europe’s largest economy in Q3 after the shock of the Corona pandemic earlier this year. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.4% …
Read More »Germany’s Exports Rose in July, But Below Pre-Pandemic Levels
Data showed that German exports increased 4.7% in July, indicating that Germany’s economic recovery from the Coronavirus crisis remains on track, although export shipments are still well below the pre-crisis level. The Federal Statistics Office said that imports rose only 1.1% on a monthly basis, bringing the trade surplus adjusted …
Read More »China Says August Exports Beat Expectations, Jumping 9.5%
Data from the General Administration of Customs in China showed that Chinese exports denominated in dollars exceeded expectations, rising by 9.5% for August compared to last year. Meanwhile, China’s dollar-denominated imports in August were down 2.1% from a year ago. Economists polled by Reuters had expected exports to rise by …
Read More »Japan’s Exports Fell in July For The Fifth Month in a Row
Japan’s exports recorded a double-figure decline for the fifth consecutive month due to the repercussions of the Coronavirus, which led to a decline in car shipments to the United States. Japanese exports in July decreased by 19.2% year-on-year, and exports fell by less than expectations, which indicated a 21% decline. …
Read More »Hong Kong Goods For Export to U.S. to be Labelled “Made in China”
While flashing another red signal concerning the US-China trade relations, the South China Morning Post (SCMP) quotes US government notice while saying that goods made in Hong Kong for export to the United States will have to be labeled “Made in China” after September 25. It said that 45 days …
Read More »China’s Export Growth in July at Fastest Rate in 7 Months, Imports Falling
China’s exports increased at the fastest pace in seven months in July, while imports declined, painting a mixed picture of the economy as it recovers from a slowdown sparked by the pandemic. Exports rose 7.2% from a year ago in July, the fastest pace since December, customs data showed, missing …
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