Page 3 - Trade Deficit

Decoded: How trade deals are ratified by India's partner countries

Trade experts said that Indian government officials generally reach out to their counterparts to discuss any major concern flagged by the trade partner's Parliament during FTA negotiations

Trade deficit narrows slightly to $69.4 billion in March, says US govt

Goods imports fell 1.6% to $263.8 billion. There were decreases in imports of motor vehicles and parts as well as industrial supplies and materials, which include crude oil

Japan records trade deficit for 3rd fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen (USD 38 billion) for the fiscal year that ended in March, according to Finance Ministry data released on Wednesday. The biggest trade deficits were in the Middle East, mainly Saudi Arabia and the United Arab Emirates, as well as Australia and Indonesia. Japan had a trade surplus with the US and some European countries. Annual exports to China slipped slightly, declining for the first time in four years, although the latest monthly data show exports to China recovering, growing 12 per cent from the previous year. Robert Carnell, regional head of research Asia-Pacific at ING Economics, said strong technology-related exports were behind the jump in exports to China, while noting exports were also growing to other regions. We think exports will be the main engine for growth in the coming months, he said in a ...

India's exports shrink 3% in FY24 but tide is turning, says govt

India's trade deficit at 11-month low in March

Merchandise trade deficit in March stands at $15.6 billion, shows data

According to commerce ministry data released on Monday, the imports during 2023-24 stood at 677.24 billion, down 5.41 per cent from $715.97 billion in the preceding year

Japan's trade deficit falls, exports grow 12% as shipments jump in vehicles

Japan's exports grew nearly 12 per cent in January as shipments jumped in vehicles, auto parts and machinery, according to government data Wednesday. That helped the nation's trade deficit shrink to 1.76 trillion yen (USD 12 billion), or about half of what it was a year ago, as imports declined 9.6 per cent from the previous year. By region, exports grew to North America, the rest of Asia and the Middle East, while imports generally fell from all global regions. Imports, which have been declining on-month for nearly a year, totalled 9 trillion yen (USD 60 billion), with the biggest drops in oil, natural gas and iron ore. Exports totalled 7.3 trillion yen (USD 48 billion), marking the second straight month of growth, according to the Finance Ministry's preliminary report. The export rise was better than what analysts had expected at about a 10 per cent growth. Japan has slipped to become the world's fourth-largest economy, after the US, China and Germany, according to nominal gross

Steel imports hit five-year high in April-December amid soaring demand

India's steel demand is likely to stay strong as the government expects economic growth will outpace the global economy in the next fiscal year

Brazil's govt's deficit soars in 2023 to second-largest ever: Report

The shortfall follows a December primary deficit of 116.1 billion reais, impacted by 92.4 billion reais disbursements to settle court-ordered payments

Exports marginally up at $38.45 bn in December; trade deficit narrows

Imports declined by 4.85 per cent to $58.25 billion in December last year due to a dip in crude oil shipments

Export potential

The agricultural sector needs policy intervention

India's trade deficit fell to $20.58 billion in Nov as imports shrank 4.3%

Trade deficit: The exports, however, fell less sharply by 2.8% in November to $33.90 billion from $34.89 billion a year ago

India's April-Oct steel imports from China at four-year high

China, the world's top steel producer, exported mostly cold-rolled coil or sheets to India, followed by hot-rolled coil products, plates, and pipes, among others

Record merchandise trade deficit in Oct likely to be a one-off: Analysts

India's merchandise trade deficit rose to an all-time high of $31.46 billion in October, widening sharply from the $19.37 billion print in prior month. Imports jumped from $65 billion from $53.8 bn

Could turn more protectionist if trade deficit isn't reduced: EU to China

The European Union's top foreign policy official warned Friday that public sentiment in Europe could turn more protectionist if the region's trade deficit with China is not reduced. Josep Borrell, the EU high representative for foreign affairs, called for improved access for European companies that want to export to or invest in China. He said that political leaders in Europe could face pressure from voters to disengage from the world's second-largest economy. And we don't want to disengage and much less, much less, to decouple from China, Borrell said in a speech at Peking University, one of China's top schools. The EU trade deficit with China topped USD 17 billion in September, bringing the total for the first nine months of the year to USD 170 billion, according to Chinese trade figures released Friday. Borrell, who held talks later Friday with China's Foreign Minister Wang Yi, is the latest EU official to visit China as the two sides lay the groundwork for a leaders summit late

Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn

RBI says widening due to higher trade deficit, lower surplus in net services and decline in private transfer receipts

India's exports shrink 6.9% in August; trade deficit hits 10-month high

Govt assures 'greenshoots' are clearly visible

Exports decline 7% to $34.48 bn in Aug, trade deficit stands at $24.16 bn

During April-August this fiscal, exports contracted by 11.9 per cent to $172.95 billion

India's gold imports surges 40%, threatens to blow out trade deficit

The value of inbound gold shipments grew to $4.9 billion in August from $3.5 billion a year earlier, according to a person familiar with the matter

Trade deficit falling at rapid pace, exports to see growth: Piyush Goyal

India's trade deficit is falling at a rapid pace and the exports are expected to see positive growth in the coming months, Commerce and Industry Minister Piyush Goyal said on Thursday. He said that countries in the world are facing a slowdown and global trade is relatively weak right now. Given the challenging situation, high interest rates, and cut down in discretionary spending have led to a fall in the exports of readymade apparel and the gem and jewellery sector, the minister said adding lower petroleum prices have resulted in lower export numbers. All in all, trade continues to be robust, our trade deficit is falling rapidly. And India will continue to benefit significantly from our global outreach, Goyal told PTI. When asked if he expects the country's merchandise exports to come in positive growth from September, he said, "I do believe it is possible". India's exports contracted by 15.88 per cent in July, the sixth straight month of decline, to USD 32.25 billion this year d

Trade deficit widens to $20.67 bn in July compared to $20.13 bn in June

Merchandise exports in July stood at $32.25 billion, down from $32.87 billion in June and $38.34 billion in July 2022