trade deficit News

South Korea Faces a 5.1% Drop in Exports Mid-January Amid Lunar New Year Impact

South Korea's exports decreased by 5.1% in mid-January, influenced by the Lunar New Year holidays reducing working days. Despite a rise in semiconductor exports, declines were note...

South Korea's Export Growth in Early January: A Semiconductor Surge Leads the Way

South Korea's export volume increased by 3.8% in early January, driven by a significant surge in semiconductor exports. While some sectors like passenger cars and steel products sa...

November Sees a $5 Billion Drop in Gold Imports: Government Revises Figures

The commerce department has revised gold import figures downward by over $5 billion for November, impacting the total import estimates for 2024-25 and reducing the trade deficit. T...

US Stock Markets Surge as Trade Data Meets Expectations, Eyes on Services and Jobs

US stock markets opened higher as the latest trade deficit figures met expectations, shifting investor focus to upcoming services and job data. The Dow, Nasdaq, and S&P 500 all saw...

India's Current Account Deficit Shows Improvement, Drops to 1.2% of GDP

India's current account deficit narrowed to 1.2% of GDP in Q2 FY25, showing resilience against a widening trade deficit, thanks to robust services exports and remittance inflows.

US Stock Markets Dip as Trade Deficit Widens: A Closer Look

US stock markets opened lower on Friday after the trade balance report showed an increased deficit of $102.9 billion in November, affecting major indices and currency values.

Rupee Plunges to Historic Low: 6th Consecutive Day at 85.2/$

The Indian rupee hit an all-time low for the sixth consecutive trading session, closing at 85.20 against the US dollar. Factors contributing to the decline include rising US bond y...

Trump Calls on EU to Boost U.S. Oil and Gas Imports to Avert Tariffs

President-elect Donald Trump urges the EU to increase U.S. oil and gas imports to address trade deficit, warning of potential tariffs if action is not taken.

Unusual Surge in November Gold Imports Raises Doubts

The commerce department and Central Board of Indirect Taxes and Customs are reviewing the gold import numbers for November, suspecting an error that pushed up the overall figure.

Japan's Exports Surge in November, Surpassing Market Expectations

Japan's exports grew by 3.8% in November, surpassing expectations and driven by strong global demand. Exports to China rose by 4.1%, while those to the US declined by 8%. The trade...

Japan's Trade Deficit Narrows Significantly in November Amidst Export Growth

Japan's merchandise trade deficit for November was ¥117.6 billion, a significant improvement compared to the ¥462.1 billion deficit recorded in October. Exports increased by 3.8% y...

India's Trade Deficit Reaches Historic High of $37.9 Billion in November

India's trade deficit reached a record $37.9 billion in November, driven by soaring gold imports and a decline in exports. Gold imports quadrupled to $14.9 billion, while exports f...

Japan's BOP Trade Deficit Narrows to ¥155.7B in October

Japan's trade deficit on a balance of payments basis improved to ¥155.7 billion in October, down from ¥315.2 billion in the previous month. Exports rose by 2.9% year-on-year, while...