China's trade surplus at US$54.69 billion

China's December imports missed market expectations, rising only 4.5 per cent year-on-year, while exports beat forecasts with 10.9 per cent growth, official data showed on Friday. That left the country with a trade surplus of US$54.69 billion for the month, according to a Reuters calculation based on official data. Analysts polled by Reuters had expected December shipments from the world's largest exporter to have risen 9.1 per cent, slower than the 12.3 per cent increase in the previous month.


Australian Trade Balance deficit rose to $628 milliom

In trend terms, the balance on goods and services was a deficit of $194m in November 2017, a turnaround of $296m on the surplus in October 2017. In seasonally adjusted terms, the balance on goods and services was a deficit of $628m in November 2017, an increase of $326m on the deficit in October 2017. Between October and November 2017, the trend estimate of goods and services credits fell $103m to $31,852m. In seasonally adjusted terms, goods and services credits rose $141m to $31,853m. Non-rural goods rose $394m (2%) and rural goods rose $25m (1%). Non-monetary gold fell $425m (23%).


Eurozone Trade Balance surplus at €18.9 billion

The first estimate for euro area (EA19) exports of goods to the rest of the world in October 2017 was €187.9 billion, an increase of 8.8% compared with October 2016 (€172.6 bn). Imports from the rest of the world stood at €168.9 bn, a rise of 10.1% compared with October 2016 (€153.4 bn). As a result, the euro area recorded a €18.9 bn surplus in trade in goods with the rest of the world in October 2017, compared with +€19.2 bn in October 2016. Intra-euro area trade rose to €160.0 bn in October 2017, up by 9.7% compared with October 2016.   


Australian trade surplus hit by iron ore export slump

Australia's trade surplus has shrunk dramatically, falling to $105 million in October from $1.6 billion the month before. Economists had been expecting a much higher trade surplus around $1.4 billion. The worse than expected result was driven by both a 3 per cent slide in exports and a 2 per cent increase in imports, according to the ABS figures.


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