Christian Stollenwerk’s Post

China posted a record $99bn (£76.4bn) trade surplus last month amid signs of importers bringing forward orders to beat higher tariffs on goods from the world’s second biggest economy. The size of China’s trade surplus was far bigger than the $85bn expected by the financial markets Exports grew by 8.6% year on year in June to $308bn (£238bn) and over the first half of 2024 China’s exports totalled $1.7tn, up by 3.6% year on year. Auto exports rose by 18.9% in terms of value in the first half of 2024 and by 25.3% in volume amid lower export prices.

🎆 Trade Deficit 🎆 ✨ The amount by which a country's imports are more than its exports is called the 'trade deficit'. ✨ It shows that a country is importing more goods than what it is exporting. ✨ To decrease the trade deficit, countries promote domestic manufacturing. ✨ The opposite of trade deficit is trade surplus, in which the total exports of a country are more than its total imports.

China's Export Rally Continue. China’s exports grew for a fourth straight month, an uplift that’s likely insufficient to spur the economy in the absence of stronger domestic spending. Shipments abroad expanded 7% in July in dollar terms from a year earlier, while imports rose 7.2%, the customs administration said Wednesday. That left a trade surplus of $84.65 billion for the month. Economists surveyed by Bloomberg had forecast a 9.5% gain in exports and an increase of 3.2% for imports. The annual figures benefited from a low base of comparison in 2023 and more working days in the month compared with a year earlier. https://lnkd.in/gTWtzSwi

China’s international trade in goods and services saw a 6% year-on-year increase in October 2024, reaching a total of RMB 4.32 trillion. Exports of goods reached RMB 2.15 trillion, while imports totaled RMB 1.61 trillion, resulting in a surplus of RMB 539.1 billion. However, the services sector recorded a deficit of RMB 101.7 billion, with exports at RMB 234.2 billion and imports at RMB 335.9 billion. https://lnkd.in/d2v_9kKA

Today’s News Release looks at International Trade in Goods during July 2024. The highlights are: • In July 2024, Malta registered a trade deficit of €502.1 million. • During July 2024, an increase of €51.2 million in imports was recorded, while exports increased by €5.7 million, over the same month of the previous year. • In the first seven months of 2024, Malta’s trade imports from the European Union reached €2,823.2 million (54.6% of total imports). • During January-July 2024, the main increase in imports was from Turkey (€94.8 million) and main decrease was from France (€129.8 million). • In the first seven months of 2024, the main increase in exports was recorded from the United States of America (€141.7 million) and main decrease was from Croatia (€57.0 million). The News Release is accessible at: https://bit.ly/3zLtzwM

Last month China's trade surplus soared to the highest since 1990, but weak domestic demand meant imports unexpectedly weakened. Exports expanded 8.6% from a year earlier to $308 bn & imports fell 2.3% to $209 bn, leaving a record surplus of $99 bn for June, highest in over 3 decades. The increase in manufacturing, shipments & the increasingly unbalanced nature of Chinese trade has raised alarm bells around the world, with the US, the EU & some nations in Latin America & some other economies introducing tariffs/ starting investigations into Chinese products. Technically this is creating geopolitical tensions in the short-to-mid-term. And if the tariffs continue it will affect China in the long-term. But some key things to consider are that the labor cost is cheap & quality products can be made with the correct supervision. #chinaeconomy #china #exports #imports #macroeconomics #geopolitics #tradesurplus #tradewar

Today’s first News Release looks at International Trade in Goods during August 2024. The highlights are: • In August 2024, Malta registered a trade deficit of €362.2 million. • During August 2024, a decrease of €165.8 million in imports was recorded, while exports increased by €70.9 million over the same month of the previous year. • In the first eight months of 2024, Malta’s trade imports from the European Union reached €3,355.9 million (55.4% of total imports). • During January-August 2024, the main increase in imports was from Turkey (€98.9 million) and the main decrease was from Germany (€230.7 million). • In the first eight months of 2024, the main increase in exports was recorded from the United States of America (€139.0 million) and the main decrease was from Germany (€43.6 million). The News Release is accessible at: https://bit.ly/3zLtzwM

Today’s News Release looks at International Trade in Goods during September 2024. The highlights are: • In September 2024, Malta registered a trade deficit of €301.1 million. • During September 2024, an increase of €91.3 million in imports was recorded, while exports increased by €60.9 million, over the same month of the previous year. • In the first nine months of 2024, Malta’s trade imports from the European Union reached €3,903.8 million (56.4% of total imports). • During January-September 2024, the main increase in imports was from Italy (€167.6 million) and main decrease was from Germany (€242.2 million). • In the first nine months of 2024, the main increase in exports was recorded from the United States of America (€139.7 million) and the main decrease was from Germany (€65.0 million). The News Release is accessible at: https://bit.ly/3zLtzwM

Trade Deficit The amount by which a country's imports are more than its exports is called the 'trade deficit'. It shows that a country is importing more goods than what it is exporting. To decrease the trade deficit, countries promote domestic manufacturing. The opposite of trade deficit is trade surplus, in which the total exports of a country are more than its total imports.

Today’s News Release looks at International Trade in Goods during October 2024. The highlights are: • In October 2024, Malta registered a trade deficit of €300.4 million. • During October 2024, an increase of €69.5 million in imports was recorded, while exports increased by €76.2 million, over the same month of the previous year. • In the first 10 months of 2024, Malta’s trade imports from the European Union reached €4,885.4 million (59.0% of total imports). • During January-October 2024, the main increase in imports was from France (€501.5 million) and the main decrease was from Germany (€239.2 million). • In the first 10 months of 2024, the main increase in exports was to the United States of America (€143.7 million) and the main decrease was to Germany (€75.8 million). The News Release is accessible at: https://bit.ly/3zLtzwM