Trade deficit expected to rise again in August due to higher oil prices, auto importsOctober 9th, 2009 Ahead of the Bell: TradeWASHINGTON — The trade deficit likely widened in August, pushed higher by rising imports of oil and increases in demand for foreign-made cars, reflecting a boost from the Cash from Clunkers program. Economists surveyed by Thomson Reuters expect the deficit rose to $33 billion, a 3.3 percent increase from the July level.
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.
Current account trade deficit shrinks to smallest level in relation to the economy in 18 yearsSeptember 16th, 2009 Current account deficit dips to $98.8 billionWASHINGTON — The deficit in the broadest measure of foreign trade shrank in the spring to the lowest level in relation to the total economy in 10 years, another dramatic sign of how much the recession had reduced America's appetite for foreign goods. The Commerce Department said Wednesday the deficit in the current account dropped to $98.8 billion in the April-June quarter.
Summary Box: Improving economy lifts imports, exports and trade deficitSeptember 10th, 2009 Summary Box: Improving economy ups trade deficitWHAT HAPPENED?: The trade deficit rose to $32 billion in July, the highest in six months. Imports jumped 4.7 percent, the largest monthly increase on records dating from 1992.
Jump in imports of oil and autos pushes July trade deficit up to highest amount in 6 monthsSeptember 10th, 2009 July trade deficit climbs 16.3 pct to $32 billionWASHINGTON — The U.S. trade deficit shot up in July to the highest level in six months as a surge in shipments of foreign oil and autos pushed imports up by a record amount.
India's merchandise exports slip for 10th straight monthSeptember 1st, 2009 NEW DELHI - India's merchandise exports fell for the 10th straight month in July and were valued 28.4 percent lower at $13.62 billion against $19.04 billion during the corresponding month last year, latest trade data showed Tuesday. Cumulative value of exports for the first four months of this fiscal (April-July) was $49.65 billion - 34.1 percent lower than the $75.29 billion that was logged during the year-ago period, as per the data released by the commerce ministry.
UK trade deficit widens more than expected in June; economists forecast future narrowingAugust 11th, 2009 UK trade deficit widens in JuneLONDON — Britain's trade deficit widened a little more than forecast in June, official figures showed Tuesday, suggesting that weakness in the pound is not benefiting exporters quite as much as expected. The Office for National Statistics said that the goods trade gap rose to 6.45 billion pounds ($10.60 billion) from 6.17 billion pounds in May.
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.
Trade deficit narrows to 9-year low in May, exports post small gain while imports keep fallingJuly 10th, 2009 May trade deficits dips more than expected to $26BWASHINGTON — The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.
Current account trade deficit plunges to lowest level since 2001 as imports drop sharplyJune 17th, 2009 Current account trade deficit drops to $101.5BWASHINGTON — The deficit in the broadest measure of trade plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods. The Commerce Department said Wednesday the current account trade deficit dropped to $101.5 billion in the first quarter, a 34.5 percent decline from the deficit in the fourth quarter.
Meltdown 101: Diamonds in, aircraft out _ and other noteworthy tidbits in the trade reportJune 11th, 2009 Meltdown 101: Trade deficit, by the numbersWASHINGTON — The trade deficit crept up a bit in April, which might make you suspect that Americans are buying more stuff made overseas. But it's not as simple as that — in fact, the country's deep recession has further curbed Americans' appetite for foreign goods.
Dollar drops as trade deficit widens in March, median home prices fall; stocks end mixedMay 12th, 2009 Dollar drops as trade deficit widens in MarchNEW YORK — The dollar dropped against the euro and the pound Tuesday after a report showed that the U.S. trade deficit rose in March, while home prices fell in nearly nine out of every 10 U.S.
Pork, beef futures rise; Wheat, oats rise; corn, soybeans fallMay 5th, 2009 Pork, beef futures rise; Wheat rises, corn fallsCHICAGO — Pork futures were trading higher Tuesday morning on the Chicago Board of Trade. June lean hogs rose 1.13 cents to 64.90 cents a pound, and July pork bellies gained 1.35 cents to 80.15 cents a pound.
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.
US trade deficit drops to lowest in nine yearsApril 9th, 2009 WASHINGTON - The US trade deficit fell by 28.3 percent in February to $25.97 billion, the lowest since November 1999, the commerce department reported Thursday. This marked a record seventh straight month of trade deficit decline in the country.