Japan logs trade surplus in August, exports shrinkSeptember 24th, 2009 TOKYO - Japan posted a trade surplus for the seventh straight month in August, compared to a deficit in the same month the previous year, the finance ministry said Thursday. The surplus was 185.7 billion yen ($2.04 billion) against a deficit of 314.2 billion yen the year before, suggesting a positive trend for Japan's export-led economy.
South Africa's current account deficit decreasesSeptember 4th, 2009 PRETORIA - South Africa's current account deficit has decreased, BuaNews reported Friday quoting the South African Reserve Bank (SARB). "The negative imbalance on the current account of the balance of payments improved from 7 percent of gross domestic product in the first quarter of 2009 to 3.2 percent in the second quarter," said the Reserve Bank in its September quarterly bulletin.
Brazil steel production rose 28 percent in JulyAugust 15th, 2009 RIO DE JANEIRO - Brazil's steel production increased by 28.5 percent last month compared with June, the Iron and Steel Institute said. Brazil is the biggest producer and exporter of steel in Latin America and the world's 15th-largest steel exporter.
Chinaese exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 Chinese exports, imports fall sharply in JulyBEIJING — China's government says the decline in the country's exports and imports accelerated in July amid weak global consumer demand. Tuesday's report by the Chinese customs agency says exports were down 22.9 percent from a year earlier, while imports fell 14.9 percent.
Dhakas trade deficit with Delhi, Beijing to cross $5.5 bnJuly 12th, 2009 DHAKA - Bangladeshs trade deficit with its principal partners India and China will cross $5.5 billion this fiscal, keeping up the pattern of higher imports and lower exports. The economy would, however, be helped by remittances from its large manpower working abroad and the government is trying hard to sustain in the face of the global downturn, officials of Bangladesh Bank predict.
Japan's core machinery orders drop 3 percent in May, exports fallJuly 8th, 2009 Japan core machinery orders, exports fall in MayTOKYO — Japan's core machinery orders, a closely watched indicator of corporate capital spending, unexpectedly fell for a third month in May as uncertain prospects for a global economic recovery kept companies guarded. Core private sector machinery orders, which exclude volatile orders from electric power companies and shipbuilders, declined 3 percent from April to 668.2 billion yen ($7.1 billion), the government said Wednesday.
India's merchandise exports plunge by 29.2 percent in May, 8th month of deep declinesJuly 1st, 2009 India's exports plunge 29.2 percent in MayMUMBAI, India — India's exports fell by nearly a third in May, the eighth straight month of declines, as overseas demand withered. Merchandise exports were valued at 534.3 billion rupees ($11.0 billion), up slightly from April, but down 29.2 percent in dollar terms from 655.0 billion rupees ($15.5 billion) a year earlier, according to government figures Wednesday.
China suffers record export drop in May as global slump batters trade; imports also plungeJune 11th, 2009 China's May exports plunge by record 26.4 percentBEIJING — China's exports fell by a record margin in May as the global slump battered trade, while imports also fell sharply, data showed Thursday. May exports tumbled 26.4 percent from a year earlier, exceeding February's previous record drop of 25.7 percent, the Chinese customs agency reported.
German exports plunge in April amid global economic slumpJune 9th, 2009 German exports plungeBERLIN — Germany, Europe's largest economy, saw its exports plunge nearly 30 percent in April as the global economic crisis continued to hurt demand for its products, the Federal Statistical Office reported Tuesday. The country saw exports drop to euro63.8 billion ($88.47 billion) in April, compared with euro89.5 billion in the same month the previous year — a drop of 28.7 percent.
Japan's current-account surplus shrinks for first time in 7 yearsMay 13th, 2009 TOKYO - Japan's current-account surplus narrowed for the first time in seven years for the year ending March 31, after the global economic downturn caused sharp decline in exports, the Finance Ministry said Wednesday. The current account shows the gap between a country's income from foreign sources and foreign obligations payable, excluding net capital investment.
South Korea notches record current account surplus as imports fall sharplyApril 29th, 2009 SKorea notches record current account surplusSEOUL, South Korea — South Korea posted a record current account surplus in March as imports fell sharply, the central bank said Wednesday. In a hopeful sign, exports dropped less than in previous months.
Japan posts trade deficit for past year, the first in nearly three decadesApril 22nd, 2009 Japan posts first annual trade deficit in 28 yearsTOKYO — Japan reported Wednesday its first annual trade deficit in 28 years. The deficit for the fiscal year that ended in March was 725.3 billion yen ($7.35 billion), the Finance Ministry said.
Exports from Japan fall almost 50 percentMarch 25th, 2009 TOKYO - Japan's exports dropped by 49.4 percent in February, the biggest plunge on record, as global demand for cars and electronics declined, the Ministry of Finance said Wednesday. Exports dropped to 3.5 trillion yen ($35.7 billion) year-on-year in February, the fifth consecutive monthly drop and the biggest since the beginning of records in 1980.
Japan's economy shrinks 12.1 percent on exportsMarch 12th, 2009 TOKYO - Japan's economy shrunk an annualised 12.1 percent in the final quarter of 2008, according to revised statistics released Thursday by the Japanese government. Initial figures had projected a 12.7-percent contraction for the gross domestic product (GDP).
Japan logs first current account deficit in 13 yearsMarch 9th, 2009 TOKYO - Japan logged its first current account deficit in 13 years in January of 172.8 billion yen ($1.8 billion), the Finance Ministry data showed Monday. It was the first current account deficit since January 1996 and the largest since comparable data became available in January 1985, the government said.
Loading ...