“This sustained growth in exports this year is a great indicator and reflection of the dynamism and capacity that Puerto Rico has to compete face-to-face in international markets,” EDB president Luis Alemañy said. “A positive trade balance is a great indication of the strength of our economy and our ability to generate value through our exports.”
Banco de Desarrollo Económico para Puerto Rico’s Post
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The country's exports totaled 43.98 billion Australian dollars ($29.54 billion), up by 2.8% from April to May but decreased by 7.8% from May 2023, data by the Australian Bureau of Statistics showed. 🅲🅾🆄🆁🆃🅴🆂🆈 https://lnkd.in/dm_fgFQx #export #globaltrade #import #Australia #internationaltrade #internationalbusiness
Australia reports $3.9b international trade surplus in May | The Express Tribune
tribune.com.pk
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China’s service trade continued to experience rapid growth in the first five months of 2024. According to the Ministry of Commerce, the total value of service imports and exports reached 3.02 trillion yuan ($415.6 billion), representing a year-on-year increase of 16%. The exports amounted to approximately 1.22 trillion yuan, up 11%, while imports stood at 1.8 trillion yuan, with a robust growth of 19.6%. This resulted in a service trade deficit of around 580 billion yuan. Read more: https://lnkd.in/drKk8RMH #China #Trade #Economy #Import #Export
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South Australia is the only state in the nation to grow its exports according to latest trade stats as trade with China continues to soar – up nearly 40 per cent year-on-year. This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.
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📊 Greece’s trade deficit narrowed to EUR 2.6 billion in December of 2023 from EUR 2.9 billion in the corresponding month from the previous year. Imports fell by 17.7% from the previous year to EUR 6.3 billion in the period. In the meantime, exports declined by 21.7% to EUR 3.7 billion. Both categories fell sharply due to the gradual stabilization of shipping and energy prices. During the entire 2023 year, Greece recorded a trade deficit of EUR 31 billion. source: National Statistical Service of Greece/ TRADINGECONOMICS.COM #alphatrustandromeda #finance #investing #economy #trade
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South Australia is the only state in the nation to grow its exports according to latest trade stats as trade with China continues to soar – up nearly 40 per cent year-on-year. This is the eighth consecutive month that South Australia’s export growth has outpaced the nation, and the third consecutive month as the only state to experience export growth.
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Canada’s monthly #trade Report for May 2024 is live! The report outlines that, following a strong April, both exports and imports of goods and services dropped in May. Despite this downtick, both exports and imports are up in the first five months of 2024 when compared to 2023. Services exports drove much of this growth, with commercial services leading the charge. Commercial services exports expanded again in May, increasing 1.2% month-on-month. Learn more by reading the report here: https://lnkd.in/gwHwhRxW Trade Commissioner Service | Service des délégués commerciaux | Statistics Canada | Statistique Canada | #CanadianTrade
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China’s exports climbed more than expected in May, boosting hopes that the world’s second-biggest economy can maintain momentum by relying on foreign markets in the face of new tariff threats, according to Bloomberg.
China’s Exports Surge More Than Expected in Boost for Economy
bloomberg.com
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Word of the Day: Trade Deficit Trade deficit is the difference between a country’s total imports and exports. When a country imports more goods than it exports, it results in a trade deficit. While a controlled trade deficit can help the economy grow, an excessive one can lead to a decrease in the value of the local currency. This is because foreign goods and services have a greater influence on the country’s market. Understanding trade deficit is crucial for businesses engaged in international trade. By keeping a check on imports and exports, companies can avoid contributing to a trade deficit and instead support the growth of their country's economy. #TradeDeficit #InternationalTrade #EconomicGrowth #Imports #Exports
