Seoul, May 1 (IANS) South Korea’s exports exceeded $80 billion for the second consecutive month in April, jumping nearly 50 per cent from a year earlier on the back of robust shipments of semiconductors, government data showed on Friday.Outbound shipments totalled $85.89 billion last month, up 48 percent on-year, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The April tally marks the second-highest monthly export figure for the countr…
Latest Trade Surplus News & Updates
Seoul, April 13 (IANS) South Korea’s exports jumped 36.7 per cent from a year earlier in the first 10 days of April, driven by strong overseas demand for semiconductors, data showed on Monday.Outbound shipments reached US$25.2 billion in the April 1-10 period, compared with $18.4 billion tallied in the same period last year, according to the data from the Korea Customs Service.It marked the country’s highest exports ever recorded for the first 10 days of a month, surpassing the previous record o…
New Delhi, Feb 12 (IANS) India’s trade surplus with the US may cross $90 billion annually after the trade deal, with at least a $45 billion annual additional trade surplus with the US, which is 1.1 per cent of the GDP, and savings of $3 billion in forex reserve, an SBI Research report said on Thursday.The trade deal with the US, back on the heels of wide arc of trade deals with the EU and the UK, catapults India to a unique strategic position wherein the country, as also its exporters, are poi…
New Delhi, Feb 11 (IANS) The Bharatiya Janata Party (BJP) on Wednesday launched a forceful counter of Leader of Opposition (LoP) Rahul Gandhi’s litany of charges, including selling out the nation, surrendering before foreign forces and compromising India’s interests. From BJP spokespersons to Union Ministers, the party has put out facts to puncture Rahul’s claims. BJP’s chief spokesperson and Lok Sabha MP Anil Baluni took to X to share a point-by-point rebuttal of Rahul Gandhi’s baseless…
New Delhi, Feb 4 (IANS) History shows trade announcements by US President Donald Trump often evolve through revisions and reinterpretations, a report has said, adding that the Indian government has neither confirmed stopping purchase of Russian oil, nor mentioned tariff reduction against the US to zero.The report from JM Financial Institutional Securities also noted that the Indian government has not specified a timeline for buying $500 billion of US energy, technology, agriculture, coal and oth…
New Delhi, Jan 11 (IANS) While China has accumulated a massive trade surplus of $1 trillion which is often seen as a reflection of the Asian giant as a manufacturing powerhouse, the truth is that it is also an indicator of weak domestic demand, a weakening Chinese currency, and a slowing economy, according to an article.The International Monetary Fund has warned China against economic imbalances. A country of 1.4 billion people is too big to rely only on exports to ensure a high growth rate, IMF…