Latest Trade balance News

China July exports rise, with trade surplus at record-high

Aug. 07, 2022 09:36 AM EDT

BEIJING (AP) — China’s export growth continued to rise in July, sending trade surplus to a record high, according to government data. China’s exports grew 18% to $333 billion compared to the same period last year, and were up from 17.9% in June, according to data from China’s...

Japan trade deficit grows as oil prices surge, yen drops

Jul. 21, 2022 02:21 AM EDT

TOKYO (AP) — Japan’s trade deficit for the first half of this year totaled nearly 8 trillion yen ($58 billion), because of surging oil prices and a sinking yen, brought on partly by the war in Ukraine, and weaker global demand. The deficit for the period from January through...

China trade surplus surges to record as exports accelerate

Jul. 13, 2022 04:34 AM EDT

BEIJING (AP) — China’s monthly trade surplus soared to a record $97.9 billion in June as export growth picked up after anti-virus controls that shut down Shanghai were lifted and shippers moved a backlog of cargo. Exports rose 17.9% over a year ago to $331.2 billion, up from...

China's monthly trade surplus surges to record $97.9 billion in June as exports rise 17.9%

Jul. 13, 2022 03:15 AM EDT
BEIJING (AP) — China's monthly trade surplus surges to record $97.9 billion in June as exports rise 17.9%.

With US dollar nearly equal to euro, impact is being felt

Jul. 07, 2022 12:29 PM EDT

WASHINGTON (AP) — The U.S. dollar has been surging so much that it's nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a result,...

Germany records 1st export deficit in over 30 years

Jul. 04, 2022 11:40 AM EDT

BERLIN (AP) — Germany recorded its first monthly trade deficit since 1991 in May as a result of higher import prices, figures released Monday show. The Federal Statistical Office said exports reached 125.8 billion euros ($131.5 billion) last month, while imports came in at 126.7...

China's trade rebounds in May as anti-virus curbs ease

Jun. 09, 2022 04:57 AM EDT

BEIJING (AP) — China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease. Exports surged 16.9% over a year earlier to $308.3 billion, up from April’s 3.7% growth, a customs agency statement said...

US economy shrank by 1.5% in Q1 but consumers kept spending

May. 26, 2022 09:29 AM EDT

WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter. Last quarter's drop in...