German trade surplus hits record
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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of economic recovery.
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The U.S. trade deficit soared to a record of $617.7 billion last year as Americans' appetite for all things foreign from crude oil to imported cars hit all-time highs.
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The current account deficit of the United States hit a record high of 164.7 billion US dollars in the third quarter of this year as a result of increasing demand for imported
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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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The politically sensitive Chinese trade surplus surged to a record $26.9 billion in June, potentially heightening tensions with the United States.
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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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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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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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China had a trade surplus of $85.72  billion in the first five months of 2007, up more than 80  percent from the same period a year before, a commerce ministry  official said on Saturday.
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New figures show a soaring trade surplus for China, just as a US report says trade with China has cost 1.5 million US jobs since 1989.
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America's trade deficit swelled to an all-time high of &#36;55.5 billion in October as imports &#151; including those from China &#151; surged to the loftiest levels on record. Skyrocketing crude-oil prices also contributed to the yawning trade gap.
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WASHINGTON  - The US trade gap unexpectedly shot to a record 55.5 billion dollars in October as Americans sucked in more imports, particularly from China, and oil prices sizzled.
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The US trade deficit ballooned to a record high of $617.7 billion last year, pushed by soaring oil prices and Americans' insatiable appetite for everything foreign, from cars to toys and food.
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Strong export demand helps the German economy pick up, while the budget deficit continues to top EU limits.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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ChinaÂs trade surplus with the world ballooned last month to $18.8 billion as exports soared, according to preliminary customs figures.
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China's global trade surplus in January rose 22.7 percent compared with the year-earlier period to $19.5 billion, a state news agency reported Friday.