Swiss Sept. Trade Surplus Exceeds Forecast

Switzerland's trade surplus beat expectations in September, the latest figures from the Federal Customs Administrations showed Tuesday.

The trade surplus for September was CHF 2.5 billion compared with an expected CHF 2 billion surplus. In the July-September period, the trade surplus was CHF 6.9 billion.

Exports grew 2.2 percent year-on-year in nominal terms to CHF 16.9 billion in September. Meanwhile, imports declined 2.6 percent to CHF 14.4 billion. In real terms, exports grew 5.3 percent annually and imports fell 0.9 percent.

In the third quarter, exports grew 0.7 percent year-on-year in real terms, while imports fell 2.2 percent.

2013-10-22 12:42

Portugal June-August Trade Deficit Widens

Portugal's merchandise trade shortfall widened in the June-August period as imports increased at a faster pace than exports, data released by the National Statistics Institute showed Wednesday.

The balance of trade for the three months ended August was a deficit of EUR2.41 billion, bigger than the EUR2.24 billion shortfall recorded a year earlier.

Merchandise exports increased 2.3 percent annually to EUR11.63 billion at the end of August. Shipments to the European Union (EU) countries and the Non-EU market grew 2.1 percent and 2.8 percent respectively.

Imports grew 3.1 percent from last year to EUR14.04 billion in the August quarter. Purchases from the EU climbed 4.4 percent year-on-year, and those from the external market stayed unchanged.

In the month of August, Portugal's exports stayed unchanged from the preceding month, while imports decreased by 3.5 percent, data showed.

2013-10-9 17:42

India Finance Ministry Official says Gold Imports expected to be 750 Tonnes in 2013/14

INDIA FINANCE MINISTRY OFFICIAL SAYS GOLD IMPORTS EXPECTED TO BE 750 TONNES IN 2013/14 news.instaforex.com »

2013-9-18 17:42

Canada may Imports C$39.64 Bln, down 3.2 Pct from April C$40.94 Bln (rev from C$40.84 Bln)

CANADA MAY IMPORTS C$39.64 BLN, DOWN 3.2 PCT FROM APRIL C$40.94 BLN (REV FROM C$40.84 BLN) news.instaforex.com »

2013-7-3 17:42

Mexico's Trade Balance Slips To Deficit In April

Mexico's merchandise trade balance turned to a deficit in April as shipments increased at a notably slower rate than imports, data released by statistical office INEGI showed Monday.

The balance of trade was a deficit of $1.23 billion in April, compared to the $419 million surplus recorded a year earlier.

Export of goods increased 6.4 percent annually to $32.86 billion in April. Shipments of non-oil products advanced 7.7 percent from a year earlier, while oil exports decreased by 1.7 percent.

At the same time, merchandise imports climbed 11.8 percent annually to $34.09 billion during the month. The upturn was driven by a 14.3 percent spike in oil imports and an 11.5 percent gain in arrivals of non-oil commodities.

On a monthly basis, the value of exports and imports decreased 2.22 percent and 0.54 percent respectively in April, the agency said.

In the January-April period, exports edged up 0.6 percent from the corresponding period a year earlier, while imports advanced by 4.3 percent.

2013-5-27 19:21

Japan Revises Q4 Nominal Gdp Slightly up After Calculation Errors

Japan's Cabinet Office revised nominal gross domestic product, exports, imports and the deflator for the fourth quarter of last year after discovering errors in the way it adjusted the exports and imports for seasonal factors.

The Cabinet Office issued the revisions after Yoshiki Shinke, chief economist at Dai-Ichi Life Research Institute, published a report on Tuesday saying the data may have been incorrect, according to a government official.

The revisions do not change real GDP, exports or imports for the October-December period last year or other past data, the Cabinet Office said in a statement.

Still, the revisions were due to incorrect spreadsheet entries, the government official said. This could cast doubt on the reliability of the Cabinet Office, which also publishes closely-watched data on capital expenditure and consumer sentiment.

The Cabinet Office corrected nominal seasonally adjusted exports to show they fell 1.7 percent in the fourth quarter from the previous quarter, more than a 0.3 percent decline previously reported.

2013-5-8 08:14