Tag #Trade Surplus

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elmundo.es

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Aug 28, 16:19

EU Achieves First-Ever Trade Surplus with Russia

The European Union achieved its first-ever trade surplus with Russia in Q2 2023, exporting €500 million more than it imported, a stark contrast to the €43 billion deficit before the Ukraine war; this shift is primarily due to EU sanctions and diversification of energy sources, particularly from the ...

EU Achieves First-Ever Trade Surplus with Russia

The European Union achieved its first-ever trade surplus with Russia in Q2 2023, exporting €500 million more than it imported, a stark contrast to the €43 billion deficit before the Ukraine war; this shift is primarily due to EU sanctions and diversification of energy sources, particularly from the ...

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What is the significance of the EU's trade surplus with Russia in Q2 2023, and what are the immediate consequences?

The European Union achieved a trade surplus with Russia for the first time in history during the second quarter of 2023, exporting €500 million more than it imported. This is a significant shift from the €43 billion deficit in the pre-war period, although it doesn't fully offset past losses.

english.kyodonews.net

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Mar 19, 07:13

Japan Posts \$3.9 Billion Trade Surplus in February

Japan reported a \$3.9 billion trade surplus in February 2024, its largest since March 2021, due to a 11.4% year-on-year export increase driven by strong demand for automobiles and semiconductors, primarily from the United States, Taiwan, and Hong Kong, while imports declined 0.7%.

Japan Posts \$3.9 Billion Trade Surplus in February

Japan reported a \$3.9 billion trade surplus in February 2024, its largest since March 2021, due to a 11.4% year-on-year export increase driven by strong demand for automobiles and semiconductors, primarily from the United States, Taiwan, and Hong Kong, while imports declined 0.7%.

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What were the primary factors driving Japan's return to a trade surplus in February 2024?

In February 2024, Japan's trade balance showed a surplus of \$3.9 billion, the highest since March 2021. This was driven by a significant increase in exports, particularly automobiles and semiconductors, to markets like the US, Taiwan, and Hong Kong. Imports saw a slight decrease.

theglobeandmail.com

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Mar 6, 16:11

Record Canadian Trade Surplus Amidst US Tariff Threats

Canada's January 2024 trade surplus reached a record $3.97 billion, exceeding forecasts due to increased exports to the U.S. driven by tariff fears; exports rose 5.5 percent to $74.5 billion while imports grew healthily.

Record Canadian Trade Surplus Amidst US Tariff Threats

Canada's January 2024 trade surplus reached a record $3.97 billion, exceeding forecasts due to increased exports to the U.S. driven by tariff fears; exports rose 5.5 percent to $74.5 billion while imports grew healthily.

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How did the anticipation of US tariffs affect the volume and value of Canadian exports in January 2024?

The substantial increase in Canadian exports, particularly to the U.S., is directly linked to President Trump's tariff threats. Companies front-loaded orders to avoid increased costs, resulting in a record $58.2 billion in exports to the U.S. and an overall export increase of 5.5 percent.

lentreprise.lexpress.fr

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Jan 19, 22:06

China's Record Trade Surplus Threatens Global Competitors

China's export surge in 2024, exceeding expectations by 7%, leads to a record trade surplus, threatening global competitors and prompting concerns about further European deindustrialization, while China seeks new markets in developing nations.

China's Record Trade Surplus Threatens Global Competitors

China's export surge in 2024, exceeding expectations by 7%, leads to a record trade surplus, threatening global competitors and prompting concerns about further European deindustrialization, while China seeks new markets in developing nations.

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What are the immediate global economic impacts of China's record trade surplus and its potential response to US tariffs?

China's 7% increase in exports in 2024, reaching a record trade surplus, highlights its manufacturing dominance and overcapacity. This surplus, encompassing diverse products from solar panels to consumer goods, threatens global competitors, particularly in Europe, causing concerns about further deindustrialization. The US threat of 60% tariffs further complicates the situation, pushing China to seek alternative markets.

kathimerini.gr

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Jan 14, 10:09

China's US \$1 Trillion Trade Surplus: Record High Amidst Global Tensions

China achieved a record US \$1 trillion trade surplus in 2023 due to surging exports and reduced imports, exceeding historical surpluses of major economies; this success, however, coincides with domestic economic weakness and rising global trade tensions.

China's US \$1 Trillion Trade Surplus: Record High Amidst Global Tensions

China achieved a record US \$1 trillion trade surplus in 2023 due to surging exports and reduced imports, exceeding historical surpluses of major economies; this success, however, coincides with domestic economic weakness and rising global trade tensions.

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What are the primary global impacts of China's record-breaking US \$1 trillion trade surplus in 2023?

China's export boom led to a record-breaking US \$1 trillion trade surplus in 2023, exceeding any surplus recorded by any country in the last century. This is mainly due to restrained import spending by Chinese businesses, which has fueled global concerns and retaliatory tariffs from other nations.

npr.org

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Jan 13, 13:07

China's Exports Surge on US Tariff Fears

China's December exports jumped 10.7% year-on-year, exceeding forecasts amid fears of US tariff hikes, resulting in a record $104.84 billion trade surplus; imports rose 1%, while total trade hit a record 43.85 trillion yuan.

China's Exports Surge on US Tariff Fears

China's December exports jumped 10.7% year-on-year, exceeding forecasts amid fears of US tariff hikes, resulting in a record $104.84 billion trade surplus; imports rose 1%, while total trade hit a record 43.85 trillion yuan.

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What immediate impact did the anticipation of higher US tariffs have on China's December export figures?

China's December exports surged 10.7% year-on-year, exceeding economist predictions of around 7%, driven by preemptive orders to avoid potential US tariff hikes. Imports rose a modest 1%, resulting in a record $104.84 billion trade surplus.

pda.kp.ru

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Apr 16, 22:14

Russian Ruble Strengthens 38% Against US Dollar

The Russian ruble has strengthened by 38% against the US dollar since January 2025 due to a large trade surplus, oil industry tax payments, and a weakening US dollar globally, leading to lower import prices and varied economic impacts.

Russian Ruble Strengthens 38% Against US Dollar

The Russian ruble has strengthened by 38% against the US dollar since January 2025 due to a large trade surplus, oil industry tax payments, and a weakening US dollar globally, leading to lower import prices and varied economic impacts.

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How does the strengthening ruble impact the Russian government's budget and its ability to meet social obligations?

Several factors contribute to the ruble's strength: a $32.5 billion trade surplus in Q1 2025, trillion-ruble tax payments from the oil industry, and a near 10% drop in the US dollar index (DXY). This confluence of events has created an imbalance in the currency market, pushing the ruble higher.

smh.com.au

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Mar 11, 07:13

Australia's Unexpected Trade Surplus with U.S. Challenges Tariff Argument

Australia recorded its first-ever monthly trade surplus with the U.S. in January 2018, reaching \$1.7 billion, primarily due to a 92-fold increase in gold exports to \$4.6 billion, challenging Australia's argument against U.S. steel and aluminum tariffs.

Australia's Unexpected Trade Surplus with U.S. Challenges Tariff Argument

Australia recorded its first-ever monthly trade surplus with the U.S. in January 2018, reaching \$1.7 billion, primarily due to a 92-fold increase in gold exports to \$4.6 billion, challenging Australia's argument against U.S. steel and aluminum tariffs.

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How did the surge in Australian gold exports to the U.S. influence the trade balance, and what factors contributed to this increase?

The January surplus, primarily due to a 92-fold surge in gold exports from \$50 million in November to \$4.6 billion, challenges Australia's claim of a consistent U.S. trade surplus. This surge is linked to investor concerns about U.S. economic conditions and inflation, driving demand for gold as a safe haven asset.

dw.com

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Jan 21, 01:10

Argentina Records Record US$18.899 Billion Trade Surplus in 2024

Argentina registered a record US$18.899 billion trade surplus in 2024, exceeding the previous record of US$16.885,8 billion in 2009; this was driven by a 19.4% increase in exports, mainly agricultural products, and a 17.5% decrease in imports due to the economic recession.

Argentina Records Record US$18.899 Billion Trade Surplus in 2024

Argentina registered a record US$18.899 billion trade surplus in 2024, exceeding the previous record of US$16.885,8 billion in 2009; this was driven by a 19.4% increase in exports, mainly agricultural products, and a 17.5% decrease in imports due to the economic recession.

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How did the decrease in imports, attributed to the economic recession, impact the overall trade balance, and what are the broader economic consequences?

The substantial increase in Argentina's agricultural exports, up 19.4% year-on-year, played a crucial role in the record trade surplus. However, the significant decrease in imports, down 17.5% due to the economic recession, was equally important. This highlights the complex interplay between export growth and import contraction in shaping the trade balance.

lexpress.fr

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Jan 18, 10:06

China's Export Surge Threatens Global Competitors

China's export surge in 2024, fueled by manufacturing overcapacity, creates a record trade surplus, threatening global competitors, particularly in Europe, while prompting China to seek new markets in the global South, potentially leading to increased investment in those regions.

China's Export Surge Threatens Global Competitors

China's export surge in 2024, fueled by manufacturing overcapacity, creates a record trade surplus, threatening global competitors, particularly in Europe, while prompting China to seek new markets in the global South, potentially leading to increased investment in those regions.

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How might the US threat of tariffs influence China's trade strategies and the global distribution of manufacturing?

This situation is due to China's powerful manufacturing sector exceeding domestic demand, leading to a need to export surplus goods. The US threat of 60% tariffs may accelerate China's trade with developing nations, as predicted by BCG's projection of a $1.25 trillion increase in trade with the global South by 2033.

faz.net

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Jan 13, 10:05

China's Export Surplus Fuels Global Trade Conflicts

China's massive export surplus, exceeding EU imports almost twofold in 2016, causes global trade conflicts; countries like Brazil, Indonesia, and Turkey impose trade barriers, while the US threatened 60% tariffs, initially implementing 10%, impacting trade with Germany significantly, with exports su...

China's Export Surplus Fuels Global Trade Conflicts

China's massive export surplus, exceeding EU imports almost twofold in 2016, causes global trade conflicts; countries like Brazil, Indonesia, and Turkey impose trade barriers, while the US threatened 60% tariffs, initially implementing 10%, impacting trade with Germany significantly, with exports su...

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What are the immediate economic and geopolitical consequences of China's persistent and massive trade surplus?

China's massive export surplus, exceeding imports from the EU by almost double in 2016, fuels trade conflicts globally. Countries like Brazil, Indonesia, and Turkey are imposing trade barriers, mirroring actions by the EU and the US. This imbalance intensified under President Trump, who threatened 60% tariffs on all Chinese goods, initially implementing 10%.

china.org.cn

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Jan 1, 10:06

South Korea's Record \$683.76 Billion Export Revenue in 2024 Driven by Tech Demand

South Korea's 2024 export revenue reached a record \$683.76 billion, exceeding 2022's record, driven by strong demand for semiconductors and other tech products, resulting in a \$51.77 billion trade surplus, reversing the 2023 deficit.

South Korea's Record \$683.76 Billion Export Revenue in 2024 Driven by Tech Demand

South Korea's 2024 export revenue reached a record \$683.76 billion, exceeding 2022's record, driven by strong demand for semiconductors and other tech products, resulting in a \$51.77 billion trade surplus, reversing the 2023 deficit.

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How did the performance of different export sectors contribute to the overall export revenue growth in 2024?

The surge in semiconductor exports (up 43.9 percent to \$141.92 billion) fueled this growth, reflecting global demand for high-end chips used in AI. Other key contributors include mobile devices (up 11.2 percent) and computers (up 76.7 percent), highlighting the tech sector's dominance in South Korea's export performance.

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