Page 5 - Trade Deficit

Japan sees record trade deficit in August on weak yen, costly oil imports

Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported on Thursday. The 2.82 trillion yen (USD 19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier. Customs-data showed exports rose 22 per cent from a year earlier as regional economies recovered from pandemic-related disruptions while imports soared 50 per cent. Energy-related imports from the Middle East accounted for about half of the deficit. Japan's currency, the yen, has weakened sharply against the US dollar as the Federal Reserve has raised interest rates to counter inflation. Surging prices for many commodities and other products are also pushing Japan's imports higher.

India sees sharp decline in IT sector's ability to fund trade deficit

A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit

India's trade deficit hits record $30 billion as exports struggle

Merchandise exports decline to a five-month low of $36.27 billion in July

Statsguru: Six charts explain why India's trade deficit is widening

The IMF revised India's growth downward, and data from the commerce ministry show that the trade deficit is widening

Rupee strength unsustainable; bet on chemicals, OMCs in near-term: Analysts

Whether the recent strength in the currency will sustain or not depends on the monetary policy trajectory of the Reserve Bank of India, foreign flows, and crude oil prices, experts said.

India's July trade deficit widens to record $31 bn; exports dip marginally

Gold imports declined 43.6% to $2.4 bn after the Centre raised import duty on gold last month to discourage buyers in the world's second-largest consumer

India's non-oil exports to Nepal fell 13% to $943 mn in April-May

Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries

Spike in imports, fall in exports widen India's trade deficit with China

In FY22, India's trade deficit with China was recorded at $72.9 billion, up nearly $29 billion from FY21's figure of $44 billion

Rupee at 80: Little relief on the cards from high trade deficit

Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee

Trade deficit widens to record $26.18 bn amid rise in imports of items

Imports jumped 57.55 per cent to a record $66.31 billion

Exports up 23.5% to $40 bn in June; trade deficit widens to record $26.2 bn

Crude oil imports in June almost doubled to $21.3 billion. Coal and coke imports more than doubled to $6.76 billion in the month under review as against $1.88 billion in June 2021

Top headlines: ED arrests ex-NSE MD; June trade deficit widens to $26 bn

Business Standard brings you the top headlines this hour

India's current account deficit likely to touch $105 bn this fiscal: Report

In the report on Tuesday, Bank of America (BofA) Securities revised upwards its Current Account Deficit (CAD) forecast by 0.4 percentage points for this financial year.

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point

What is the current account deficit?

Japanese brokerage Nomura recently said that India's current account deficit could widen to 3.3% of GDP in FY23 from 1.2% in the previous fiscal. But what is current account deficit? Let's understand

Pakistan's trade deficit hits record-high of $48.66 bn as imports soar

Cash-strapped Pakistan's trade deficit has surged to an all-time high of USD 48.66 billion in the outgoing fiscal year, up from USD 30.96 billion a year ago, a significant 57 per cent jump

Export curbs, higher energy prices may spike trade deficit further in FY23

Revenues from the export of industrial metals would also take a hit from a decline in metal prices

High commodity prices continue to weigh on trade deficit: Acuite

The expectation of the expansion of the current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy reviving pent-up demand and improved vaccination cover aiding an organic recovery in the economy, ratings and research firm Acuite Ratings & Research said in a report.

Exports up 15.46% in May; trade deficit widens to a record $23.3 billion

India's merchandise exports grew 15.46 per cent YoY to $37.29 billion in May

Exports rise 30.7% to $40.19 bn in Apr; trade deficit widens to $20.11 bn

Imports during the month of April under review grew by 30.97 per cent to USD 60.3 billion.