China Trade Surplus Hits Record High

[senheiser]

China Trade Surplus Hits Record High
China Balance of Trade | Actual Value | Historical Data | Forecast

China trade surplus increased to USD 47.3 billion in July of 2014 from USD 31.6 billion in the previous month, beating market forecasts, as exports jumped while imports fell.

Exports accelerated 14.5 percent year-on-year to USD 212.9 billion. Shipments to US increased by 12.3 percent, to European Union by 17 percent, to Japan by 2.9 percent, to South Korea by 32.1 percent, to Taiwan by 48 percent and to Australia by 2.6 percent.

Imports declined 1.6 percent to USD165.6 billion after gaining 5.5 percent in the previous month.

China's trade surplus with the European Union, its biggest trading partner, surged by 37 percent yoy to $13.7 billion. While with the United States widened by 17 percent to $22.3 billion. In the same month last year, China recorded trade surplus USD17.8 billion.


[email protected]
8/8/2014 9:46:21 AMä


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this is good news

 

[Chinese-Dragon]

Good news, exports are soaring.

China’s July Exports Rise 14.5% on Year - Businessweek


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But better news here:

BBC News - China manufacturing growth speeds up

China's factory activity grew at its fastest pace in more than two years in July, indicating that the country's economy may be stabilising.

 

[pher]

It means we are in a better position to support russia in your fight with west. Hang on russia and never back off.

 

[Chinese-Dragon]

It means we are in a better position to support russia in your fight with west. Hang on russia and never back off.

Western sanctions are forcing Russia to turn to China for everything now, from space parts to corporate financing.

Great for both of us.

 

[pher]

Western sanctions are forcing Russia to turn to China for everything now, from space parts to corporate financing.

Great for both of us.

In the short term, China obviously is the winner, which comes from our political and economic clout.

Russia may have a period of painful adjust, but they will benefit in the long run with a west hassel-free model. Besides, they get crimea, not bad. In the end it is win win.

 

[Raphael]

USA cries about our trade surplus. And then they sanction/embargo a bunch of other countries, forcing them to do business with us, buy our stuff and boost our trade surplus. It is ever possible to satisfy the USA?

 

[senheiser]

USA cries about our trade surplus. And then they sanction/embargo a bunch of other countries, forcing them to do business with us, buy our stuff and boost our trade surplus. It is ever possible to satisfy the USA?

German Trade Surplus Narrows Further in June
Germany Balance of Trade | Actual Value | Historical Data | Forecast

German trade surplus shrank for the third straight month to € 16.5 billion in June of 2014 from € 17.8 billion recorded in May as imports grew faster than exports.

Germany exported goods to the value of 93.4 billion euros and imported goods to the value of 77.0 billion euros in June 2014. Imports increased by 4.5 percent in June from May in adjusted terms, the sharpest monthly increase since November 2010. This followed a decline in May of 3.4 percent. Exports grew 0.9 percent in June after May's 1.1 percent decline.

In June 2014, Germany dispatched goods to the value of 54.8 billion euros to the Member States of the European Union (EU), while it received goods to the value of 51.1 billion euros from those countries. Compared with June 2013, dispatches to the EU countries increased by 2.6%, and arrivals from those countries by 5.0%. Goods to the value of 34.8 billion euros (+0.3%) were dispatched to the Euro area countries in June 2014, while the value of the goods received from those countries was 35.7 billion euros (+4.0%). In June 2014, goods to the value of 20.0 billion euros (+7.1%) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 15.4 billion euros (+7.5%).

Exports of goods to countries outside the European Union (third countries) amounted to 38.6 billion euros in June 2014, while imports from those countries totalled 25.8 billion euros. Compared with June 2013, exports to third countries decreased by 0.9% and imports from those countries by 3.2%.
Destatis | Isabel Felino | [email protected]
8/8/2014 9:48:05 AM

 

[ChineseTiger1986]

German Trade Surplus Narrows Further in June
Germany Balance of Trade | Actual Value | Historical Data | Forecast

German trade surplus shrank for the third straight month to € 16.5 billion in June of 2014 from € 17.8 billion recorded in May as imports grew faster than exports.

Germany exported goods to the value of 93.4 billion euros and imported goods to the value of 77.0 billion euros in June 2014. Imports increased by 4.5 percent in June from May in adjusted terms, the sharpest monthly increase since November 2010. This followed a decline in May of 3.4 percent. Exports grew 0.9 percent in June after May's 1.1 percent decline.

In June 2014, Germany dispatched goods to the value of 54.8 billion euros to the Member States of the European Union (EU), while it received goods to the value of 51.1 billion euros from those countries. Compared with June 2013, dispatches to the EU countries increased by 2.6%, and arrivals from those countries by 5.0%. Goods to the value of 34.8 billion euros (+0.3%) were dispatched to the Euro area countries in June 2014, while the value of the goods received from those countries was 35.7 billion euros (+4.0%). In June 2014, goods to the value of 20.0 billion euros (+7.1%) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 15.4 billion euros (+7.5%).

Exports of goods to countries outside the European Union (third countries) amounted to 38.6 billion euros in June 2014, while imports from those countries totalled 25.8 billion euros. Compared with June 2013, exports to third countries decreased by 0.9% and imports from those countries by 3.2%.
Destatis | Isabel Felino | [email protected]
8/8/2014 9:48:05 AM

Maybe Germany needs someone like Schroder coming back to power.

Merkel's true leadership capability seems to be exposed in the critical moment.

 

[TaiShang]

More good news for Asian airliners if China closes its national airspace to Western airliners.

I am not sure which Asian nations would benefit from the food embargo. Probably. Latin America will benefit most.

Russia has been doing some heroic stuff recently, easing up the pressure on China.