Latest Trade balance News

Containers are placed at a port in Yokohama, south of Tokyo, on June 17, 2020. Japan’s trade surplus widened in August as the pandemic pummeled a wide array of industries and sapped consumer demand, according to preliminary data from the Finance Ministry released Wednesday, Sept. 16, 2020. (AP Photo/Koji Sasahara)

Japan exports fall 15% in August as pandemic pummels trade

Sep. 16, 2020 12:08 AM EDT

MITO, Japan (AP) — Japan’s trade surplus widened in August as the pandemic pummeled a wide array of industries and sapped consumer demand. The 15% drop in exports from a year earlier was outpaced by a more than 20% decline in imports, according to preliminary data from the Finance Ministry released...

Visitors wearing masks to protect from the coronavirus look at a robot displayed at a trade fair in Beijing on Sunday, Sept. 6, 2020. China's export growth accelerated in August while imports edged lower as the world's second-largest economy extended its recovery from the coronavirus pandemic. (AP Photo/Ng Han Guan)

China's export growth quickens in August, imports edge lower

Sep. 7, 2020 5:07 AM EDT

BEIJING (AP) — China’s export growth accelerated in August while imports edged lower as the world’s second-largest economy extended its recovery from the coronavirus pandemic. Exports rose 9.5% over a year earlier to $235.2 billion, up from July’s 7.2% growth, customs data showed...

FILE - In this Nov. 4, 2019, file photo cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma in Tacoma, Wash.  The U.S. trade deficit surged in July 2020 to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The Commerce Department reported, Thursday, Sept. 3 2020,  that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of $53.5 billion. (AP Photo/Ted S. Warren, File)

US trade deficit surges in July to highest in 12 years

Sep. 3, 2020 5:47 PM EDT

WASHINGTON (AP) — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of...

US trade deficit surges 18.9% in July to $63.6 billion, highest amount in 12 years

Sep. 3, 2020 8:38 AM EDT
WASHINGTON (AP) — US trade deficit surges 18.9% in July to $63.6 billion, highest amount in 12 years.
FILE - In this Nov. 9, 2017, file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing. U.S. and Chinese trade envoys discussed strengthening coordination of their government’s economic policies during a phone meeting, the Ministry of Commerce announced. (AP Photo/Andy Wong, File)

China, US discuss economic coordination in trade meeting

Aug. 24, 2020 11:23 PM EDT

BEIJING (AP) — U.S. and Chinese trade envoys discussed strengthening coordination of their countries' economic policies during a phone meeting Tuesday, the Ministry of Commerce announced. The announcement gave no details of the meeting held as part of the “Phase 1” truce aimed at ending a...

FILE - In this May 11, 2020 file photo, a container ship is docked at Maher Terminals in Elizabeth, N.J. The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. The Commerce Department said Thursday, July 2 that the gap between the United States buys and what it sells abroad rose 9.7% in May to $54.6 billion, highest since December 2018. (AP Photo/Mark Lennihan, File)

US trade deficit drops in June on record rise in exports

Aug. 5, 2020 9:23 AM EDT

WASHINGTON (AP) — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports. The Commerce Department said Wednesday that the gap between the value of what the United States buys and what it sells abroad fell 7.5% to $50.7...

US trade deficit drops 7.5% to $50.7 billion in June

Aug. 5, 2020 8:32 AM EDT
WASHINGTON (AP) — US trade deficit drops 7.5% to $50.7 billion in June.