China's exports grow 7.6% in May, beating expectations despite trade tensions

In April, Chinese exports grew by 8.5% YoY to $295.4bn despite weakening global demand, while imports contracted at a faster pace with the total slumping 7.9% to $205.2bn from the same period last year. Trade with the US and European Union showed a contraction when compared with the previous year.

New Delhi Nov 15 (PTI) India’s merchandise exports rose 6.21 per cent to USD 33.57 billion in October this year, even as the trade deficit widened to a record high of USD 31.46 billion during the month, government data showed on Wednesday. Imports increased by 12.3 per cent to USD 65.03 billion in the month […]

India Business News: The India-China trade, which in recent years rose sharply despite bilateral tensions over the border dispute, showed the first signs of a slowdown in

Imports also shrank 6.6% on-year to $57.1 billion from $61.13 billion, leaving a trade deficit of $22.12 billion in May from $22.13 billion a year ago. Commerce Secretary Sunil Barthwal said headwinds still continue on the global trade front and many countries are going through a slowdown.

China’s exports fell 7.5% from a year earlier in May and imports were down 4.5% due to global headwinds

The main export sectors which recorded healthy growth during 2022-23 included mineral fuels, electrical machinery and equipment, gems and jewellery, automobiles, essential oils, coffee, tea, spices, and chemicals.

International Business News: The US trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that

According to her, the strong services trade performance will add to the improving external balance dynamics this year, which is also aided by falling commodity prices.