German trade surplus tops record high on surging exports
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The German trade surplus has topped its highest level since unification in 1990 in October, propelled by surging exports.
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WASHINGTON -- The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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The U.S. trade deficit jumped 6.5 percent to a record $763.6 billion last year as high oil prices and Americans' appetite for foreign-made goods outpaced strong exports.
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BEIJING, March 12--China reported that its trade surplus in February surged ninefold from the same period a year earlier to $23.76 billion -- one of the highest monthly totals ever -- as top Chinese government officials reaffirmed promises to take measures to try to halt the widening gap.
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Exports of German high-tech goods   rose 10 percent in the first half of 2006, helped by a sharp   rise in exports to neighboring Poland, but German demand for   high-tech imports, especially from China, grew faster.
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China posted a record trade surplus of $26.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's weak currency gives it an unfair trade advantage.
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Japan's trade surplus hits a 24-year high as exports to Asia and Europe offset a fall in sales to the US.
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The gap between US exports and imports hits an all-time high of $671.7bn (Â£484bn) last year, official figures show.
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America&#39;s trade deficit swelled to an all-time high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels on record.
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China's surging trade surplus jumped 67 percent in January from the same month last year to $15.88 billion, the General Administration of Customs said Monday.
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The deficit in the broadest measure of trade climbed to a record high of $164.7 billion in the third quarter of this year, reflecting Americans&#39; hardy demand for imported oil and foreign-made goods.
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China's trade surplus has surged to an almost record level in February, official state figures show.
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America's trade deficit rose to its second-highest level of the year as the price of imported crude oil jumped and demand for Chinese products remained strong despite recalls of tainted products.
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Germany's trade surplus grows again in July as exports hold near historical highs, official figures show.
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JapanÂs trade surplus was sharply higher in August compared with a year earlier as companies shipped more cars and steel to global markets. The trade surplus widened 95.5 percent, to 200.5 billion yen ($1.71 billion) as exports to the United States grew 19.3 percent and sales to China expanded 20 percent, government data showed. The value of exports of automobiles to the United States rose 49.3 percent from a year earlier, the fastest pace since January 1997.
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Germany was the world's largest exporter for the second year in a row in 2004 despite the skyrocketing strength of the euro, according to preliminary statistics released by the government Tuesday.
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Rising oil prices increased the U.S. trade gap in July to a record high, the government reported Tuesday, as the deficit between imports and exports soared above forecasts.