German trade surplus up again
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Germany's trade surplus grows again in July as exports hold near historical highs, official figures show.
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Surging exports helped push China's trade surplus to a six-year high of &#36;31.98 billion in 2004, the government reported Tuesday.
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Companies in Germany's key manufacturing sector saw a rebound in orders in July, buoyed by strong demand for German-made goods both at home and abroad, official data showed.
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WASHINGTON -- America's trade deficit rose to its second highest level of the year, reflecting higher prices for foreign oil and a continued appetite for Chinese goods despite this year's recalls of tainted products.
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China's trade surplus reached a record $18.8bn in August, raising further questions about the value of the yuan.
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China's trade surplus has surged to an almost record level in February, official state figures show.
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Germany defended its rank as top global exporter last year, beating a fast growing China for possibly the last time as it posted a sharp increase in its trade surplus on Friday.
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The trade deficit hit another record high in October, with imports outpacing exports by $55.46 billion. The 9 percent increase from September was higher than expected
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South Korea's trade surplus hits a record level in June, making an interest rate rise more likely at next week's policy meeting.
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America's trade deficit rose to its second highest level of the year, reflecting higher prices for foreign oil and a continued appetite for Chinese goods despite this year's recalls of tainted products.
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China had a trade surplus of $85.72 billion in the first five months of 2007, up more than 80 percent from the same period a year before, a commerce ministry official said on Saturday.
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The current-account surplus widened at the fastest rate in three years in April as exports rose and a weaker yen increased the value of investments abroad. The surplus expanded 50.3 percent, to 1.99 trillion yen ($16 billion), from a year earlier, as growth in exports to Asia and Europe helped offset a decline in shipments to the United States, the Ministry of Finance said. The trade balance climbed 34.7 percent. Exports climbed 7.3 percent from a year earlier, and imports advanced 3.2 percent.
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India and Germany have put trade firmly on top of the agenda for this week's visit by Chancellor Gerhard Schroeder in a bid to beat last year's five billion euro (6.16 billion dollars) record figures.
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BERLIN - German business sentiment improved unexpectedly in December after slumping sharply in November over concerns about high oil prices and worries that the strengthening euro could damage exports, a closely watched survey showed Friday.
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China's surging trade surplus jumped 67 percent in January from the same month last year to $15.88 billion, the General Administration of Customs said Monday.
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Strong exports lifted Japan's May trade surplus, as sales to the EU offset lower US demand, figures show.
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Figures show Japan's trade surplus grew again in October but analysts warned of a tougher environment ahead.