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Singapore March exports fall 8.3%, drop less than forecast

SINGAPORE  – Singapore’s March non-oil domestic exports (NODX) shrank 8.3 percent year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than...

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Japan March export growth slows, annual trade deficit widens to record

TOKYO  – Japan’s export growth slowed in March, according to Ministry of Finance data, dragged down by a drop in China-bound shipments of cars and steel in a slide that underscores concern about...

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South Korea exports contract for seventh month, longest streak in 3 years

SEOUL  – South Korea’s exports fell for a seventh straight month in April in annual terms, data showed on Monday, marking their longest losing streak in three years and suggesting persistent pressure...

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German exports fall significantly more than expected in March

German exports fell significantly more than expected in March, as deliveries to the United States and China sharply declined, data showed on Thursday. Exports decreased by 5.2 percent on the previous...

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US trade deficit narrowed sharply in March as exports rise

WASHINGTON  – The U.S. trade deficit narrowed sharply in March as exports increased, which could position trade to continue contributing to economic growth in the second quarter. The trade deficit...

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China’s shrinking imports, slower exports growth heap pressure on economy

BEIJING  -China’s imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an...

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Lower exports widen PH trade deficit in March

MANILA  -The Philippines’ trade deficit in March widened by 7.5 percent to $4.93 billion from $4.59 billion as the decrease in exports outpaced that of imports. Preliminary data at the Philippine...

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Euro zone Q1 growth confirmed at 0.1%, exports jump

BRUSSELS  – Euro zone economic growth was 0.1 percent quarter-on-quarter in the first three months of the year, the EU’s statistics agency confirmed on Tuesday, with rising employment and a sharp...

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Singapore’s April exports fall 9.8%, steeper than forecast

SINGAPORE  –Singapore‘s non-oil domestic exports fell 9.8 percent in April from the same month a year earlier, data on Wednesday showed, weighed down by declines in both electronic and non-electronic...

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Japan April exports rise 2.6% year/year – MOF

TOKYO  – Japan‘s exports rose 2.6 percent in April from a year earlier, Ministry of Finance data showed on Thursday. The rise compares with a 3-percent increase expected by economists in a Reuters...

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China’s exports to North Korea surge in April

BEIJING  -China’s exports to North Korea soared in April from a year earlier, with wigs and fertilizer among major shipments, Chinese customs data showed on Saturday. Chinese outbound shipments to the...

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China urges Japan to halt export restrictions on chips

BEIJING  – Chinese Commerce Minister Wang Wentao urged Japan to halt semiconductor export controls, calling it a “wrongdoing” that “seriously violated” international economic and trade rules, a...

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South Korea exports fall for 8th straight month as chip slump continues

SEOUL  – South Korea’s exports fell for an eighth straight month in May in annual terms, although less than expected, amid persistent weakness in demand for semiconductors. Overseas sales by Asia’s...

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RCEP enters into force

MANILA  -The Regional Comprehensive Economic Partnership (RCEP) agreement entered into force today, paving the way for lower import taxes for goods from at least 14 other countries, a move that the...

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Slowdown in Ukraine grain exports a ‘serious situation’, says UN

UNITED NATIONS  -The UN secretary-general’s office expressed concern Thursday over a slowdown in Ukrainian grain exports across the Black Sea, citing the “specter of food inflation” as Russia demands...

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China’s exports tumble in May, imports slow

BEIJING  – China’s exports fell a much faster than expected 7.5 percent in May year-on-year, while imports contracted at a slower pace, dropping 4.5 percent, customs data showed on Wednesday. A Reuters...

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Taiwan May exports drop again as China weighs; outlook stays dim

TAIPEI  – Taiwan’s exports fell for a ninth consecutive month in May, although meeting expectations, in a symptom of anemic demand for the island’s tech products from China and global markets, with...

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Rising imports, falling exports push US trade deficit to six-month high

WASHINGTON  -The U.S. 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 if sustained, could result in trade...

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PH trade deficit shrank by 14.9% in April, says PSA

MANILA  -The country’s trade deficit shrank by 14.9 percent year-on-year in April as two-way trade, exports as well as imports declined sharply, which could indicate that economic growth is slowing...

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Japan exports grow unexpectedly on solid car sales, global demand still uneven

TOKYO  -Japan’s exports grew unexpectedly in May on robust car sales, though the rate of expansion slowed to a crawl as inflation and rising interest rates bit into global demand, highlighting a patchy...

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Agri trade deficit widened in Q1

MANILA  -The Philippines’ agricultural trade deficit widened in the first quarter as key farm exports, such as coconut, banana and seafoods, slumped at a double-digit pace. The Philippine Statistics...

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Thai exports drop less than expected in May, seen improving in second half

BANGKOK  -Thailand’s exports contracted less than expected in May, as higher industrial goods shipments and a weakening baht helped offset some of the impact of sluggish global demand, the commerce...

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US considering new restrictions on AI chip exports to China – WSJ

The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of...

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China steel exports seen surging to seven-year high as home demand wilts

BEIJING  – China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the world’s biggest producer offload surplus metal due to weak...

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Dutch curb chip equipment exports amid US pressure

AMSTERDAM  – The Dutch government on Friday announced new rules restricting exports of certain advanced semiconductor equipment, a move that comes amid U.S. pressure on its allies to curb sales of...

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Canada exports fall, reversing months of trade surplus

OTTAWA  -Canada recorded its biggest trade deficit since October 2020 in May, government data showed Thursday, surprising analysts with a drop in exports of grains and energy products while imports...

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PH trade deficit narrowed further to $4.4B in May

MANILA  -The Philippines’ deficit in the trade of goods shrank some more by 21 percent year-on-year to $4.4 billion in May when the imports bill fell sharply while exports increased moderately, data at...

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China’s export slide to steepen in June, imports seen down – Reuters poll

BEIJING  – China’s export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories....

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South Korea’s import price decline in June steepest in 8 years

SEOUL  – South Korea’s import prices fell in annual terms for a fifth month in June and marked the steepest drop in more than eight years, central bank data showed on Thursday, an indication of easing...

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China’s June exports fall 12.4%, imports drop 6.8%

BEIJING  – China’s exports fell 12.4 percent in June year-on-year, while imports contracted 6.8 percent, customs data showed on Thursday, suggesting manufacturers are struggling to find buyers while...

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Japan June exports rise 1.5% year-on-year

TOKYO  – Japan’s exports in June rose 1.5 percent from a year earlier, Ministry of Finance (MOF) data showed on Thursday. The rise was less than a 2.2- percent gain expected by 15 economists in a...

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Japan June exports underwhelm, global weakness drags on economy

TOKYO  – Japan’s annual exports grew much-less than expected in June, highlighting weak global demand that continues to undercut the post-COVID recovery in the world’s third-biggest economy. The risk...

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South Korea export recovery to be sluggish compared with past – central bank

SEOUL   – South Korea’s exports are expected to recover going forward, but at a sluggish pace compared with the past due to a narrower gap in competitiveness against China, the central bank said in a...

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EU looks to cover transport costs for Ukraine grain exports by land

BRUSSELS  -The European Union is ready to export almost all of Ukraine’s farm produce via “solidarity lanes” and help cover costs, EU agriculture commissioner Janusz Wojciechowski said on Tuesday,...

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Thailand trims GDP growth outlook as exports soften

BANGKOK  -Thailand’s finance ministry has lowered the country’s 2023 economic growth outlook to 3.5 percent from 3.6 percent projected earlier, as tourism maintains strength but tepid global demand...

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Thai exports fall less than forecast in June, seen improving

BANGKOK  – Thai exports shrank for a ninth consecutive month in June, albeit at a smaller rate than expected, as global demand remains sluggish, but the commerce ministry said on Wednesday it still...

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Thai June factory output drops more than forecast as exports weak

BANGKOK  – Thailand’s factory output shrank more than expected in June as sluggish global demand crimped exports amid an uncertain outlook for industry as political uncertainty after May elections...

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Taiwan Q2 GDP returns to growth, pulling out of recession from Q1

TAIPEI   – Taiwan’s export-dependent economy returned to growth in the second quarter, helped by resilient domestic consumption, while exports remained weak as a result of flagging demand for the...

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Thailand’s economy on recovery path as tourism rises

BANGKOK  – Thailand’s economic recovery remained on track in June as the tourism sector expanded in line with higher foreign tourist arrivals while exports declined, the central bank said on Monday....

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South Korea July exports fall at steepest pace in over three years

SEOUL  – South Korea’s exports fell in July more than expected and at the steepest pace in more than three years, trade data showed on Tuesday. Overseas sales by Asia’s fourth-largest economy fell 16.5...

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