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Services trade deficit shrinks 41.8pc in 8 months

ISLAMABAD: The country’s services trade deficit contracted by 41.8 percent during the first eight months of the current financial year (2020-21) as compared to the corresponding period of last year. The services trade deficit during July-February (2020-21) was recorded at $1338.58 million against the deficit of $2299.87 million in July-February (2019-20), according to the latest data of Pakistan Bureau of ... Read More »

Pakistan’s fiscal deficit in six months stands at 2.5pc of GDP

ISLAMABAD: The fiscal deficit of Pakistan in six months, ended in December 2020, stood at 2.5% of the GDP as compared to 2.3% in 2019. According to details, the government released amount of Rs1475 billion under the head of mark-up payments. In the same period last fiscal year, mark-up payments stood at Rs281 billion. Amount released for defense expenditure stood ... Read More »

Trade deficit widens to $17.3b in July – February

ISLAMABAD: Pakistan’s trade deficit widened by 9 percent or $17.3 billion during first eight months (July – February) 2020/2021 of the current fiscal due to surge in import bill for the period, according to provisional data released by the ministry of commerce. The trade deficit widened to 17.3 billion during first eight months of the current fiscal year as compared ... Read More »

Vietnam post trade deficit US$140m in June customs

HANOI:  Vietnam posted a trade deficit of US$140 million in June, Vietnam Customs said on Wednesday, putting the deficit far low than the US$700 million estimated by the government. June’s exports were up 4.6 per cent from a month ago at $14.3 billion, while imports fell 3.2 per cent from May to US$14.46 billion, the customs department, controlled by the ... Read More »

Vietnam posts trade deficit of US$1.24 billion in May

HANOI: Vietnam posted a trade deficit of US$1.24 billion in May, according to the latest figures released by the General Department of Customs (GDC). Commodity exports in the month rose 2.6% to reach US$13.7 billion while imports were valued at US$14.94 billion, up 13.2%, said the GDC in a post on its website. In the five months to the end ... Read More »

Vietnam posts trade deficit of US$1.24 billion in May

HANOI: Vietnam posted a trade deficit of US$1.24 billion in May, according to the latest figures released by the General Department of Customs (GDC). Commodity exports in the month rose 2.6% to reach US$13.7 billion while imports were valued at US$14.94 billion, up 13.2%, said the GDC in a post on its website. In the five months to the end ... Read More »

Services trade deficit of China expands to $17.3 billion

BEIJING: China posted a wider $17.3 billion deficit on trade in services in April, led by a $15.6 billion gap in tourism as more Chinese travel overseas, the foreign exchange regulator said on Friday. China had a surplus of $31.1 billion on trade in goods in April, giving a combined surplus on trade in goods and services of $13.8 billion, ... Read More »

SA’s trade deficit narrows to 8.48 billion rand in February 2015

JOHANNESBURG: South African Revenue Service stated that the South Africa’s trade deficit narrowed to 8.48 billion rand in February from 24.22 billion rand in January, after a substantial rise in exports. This was worse than the expected deficit of R6.35bn.The R8.48bn shortfall was due to exports of R76.85bn and imports of R85.33bn, the South African Revenue Service reported on Tuesday. ... Read More »

Japan’s trade deficit decreases $9.91b in 2014

TOKYO: Japan’s trade deficit has decreased 57.9 percent in January from a year before to 1,177.5 billion yen ($9.91 billion), as exports to the United States and China jumped while imports slid with crude oil prices diving worldwide, government data showed Thursday. The value of exports surged 17.0 percent to 6,144.7 billion yen, up for the fifth straight month, as ... Read More »

Japan’s trade deficit decreases $9.91b in 2014

TOKYO: Japan’s trade deficit has decreased 57.9 percent in January from a year before to 1,177.5 billion yen ($9.91 billion), as exports to the United States and China jumped while imports slid with crude oil prices diving worldwide, government data showed Thursday. The value of exports surged 17.0 percent to 6,144.7 billion yen, up for the fifth straight month, as ... Read More »

$2.44 billion trade deficit of Mexico more than 106% from 2013

MEXICO CITY: Mexico ran a trade deficit of $2.44 billion last year, a rise of 106 percent over the 2013 figure, the National Institute of Statistics and Geography, or Inegi, said Mexican exports in 2014 totaled $397.55 billion, up 4.6 percent from the previous year, while imports climbed 4.9 percent to $399.98 billion. The value of oil exports fell 13.2 ... Read More »

$2.44 billion trade deficit of Mexico more than 106% from 2013

MEXICO CITY: Mexico ran a trade deficit of $2.44 billion last year, a rise of 106 percent over the 2013 figure, the National Institute of Statistics and Geography, or Inegi, said Mexican exports in 2014 totaled $397.55 billion, up 4.6 percent from the previous year, while imports climbed 4.9 percent to $399.98 billion. The value of oil exports fell 13.2 ... Read More »

Jordan trade deficit increases by 4.1%, reaches JD9.4b in 2014

AMMAN: The Kingdom’s trade deficit went up by 4.1 percent until November 2014, reaching JD9.45 billion compared with JD9.84 billion recorded in the same period of 2013.  A report issued by the Department of Statistics (DoS), attributed the increase to higher prices of oil and machineries. Total exports until end of November 2014 stood at JD5.42 billion, a 4.6 increase, ... Read More »

Brazil posts first trade deficit of $3.93 billion in 14 years

SÃO PAULO: Brazil registered its first annual trade deficit since 2000 as economic growth slowed and prices fell for iron ore, soybeans and other key commodities exports, government data showed here the other day. Brazil ended the year with a trade deficit of $3.93 billion, compared with a surplus of $2.5 billion in 2013. It was the country’s first annual ... Read More »

Services export up 18.60pc in July-Nov; down 12.65pc in Nov

ISLAMABAD: The export of services surged by 18.60 percent to $2.376 billion during July-Nov period of this fiscal year against $2.003bn in the corresponding period last year. However, export of services down 12.65 percent to $296.20 million in November 2014 from $339.11m in the corresponding month last year. According data released by Pakistan Bureau of Statistics (PBS), services export witnessed ... Read More »

SÃO PAULO: Brazil registered its first annual trade deficit since 2000 as economic growth slowed and prices fell for iron ore, soybeans and other key commodities exports, government data showed here the other day. Brazil ended the year with a trade deficit of $3.93 billion, compared with a surplus of $2.5 billion in 2013. It was the country’s first annual ... Read More »

India’s foreign trade rises by 13.42% to $42 billion since 1990s

NEW DELHI:  India’s foreign trade rose over 18 times since the launch of economic liberalisation programme in 1991 while the trade deficit widened by more than 22 times. The country’s foreign trade (export and import) has increased with an annual average growth rate of 13.42 per cent from $42 billion in 1990-91 to $765 billion in 2013-14. However, trade deficit, ... Read More »

India’s trade deficit rises $136 billion in 2013-14

NEW DELHI: India’s economic liberalization policy boosted its foreign trade and it rose over 18 times since 1991, while the trade deficit widened by more than 22 times. The country’s foreign trade (export and import) has increased with an annual average growth rate of 13.42 per cent from USD 42 billion in 1990-91 to USD 765 billion in 2013-14. However, ... Read More »

China at risk of economic slump due to trade deficit

BEIJING: The country’s economy is at risk as China’s exports have decreased and imports have gone doubled. The trade deficit might get china’s economic health affected. Experts have raising concerns about the problem, that it might be the reason for slowdown of whole economy. Official data suggest that China’s exports rose 4.7 percent year on year in November, a deceleration ... Read More »

Japan’s trade deficit stands at $8.5 billion in November on declining oil prices

TOKYO: Lower crude oil prices slightly decreased Japan’s imports and helped it return to recession but Japan logged a trade deficit in November, the 29th straight month of shortfalls. The 891.9 billion yen ($8.5 billion) deficit in November compared with a 737 billion yen gap the month before, customs data showed here the other day. However it was 32 percent ... Read More »