January 12, 2006 |
China's booming trade surplus in 2005 more than tripled to $101.9 billion, a record amount that is likely to stoke protectionist sentiment in the United States and Europe and renew pressure on Beijing to further revalue its currency. A breakdown of Chinese exports and imports by industry and country won't be available until later, but the U.S. is widely expected to show a record $200-billion trade deficit with China for 2005.
May 12, 2005 |
The U.S. trade deficit fell sharply in March to $54.99 billion, the lowest level in six months, as U.S. exports climbed to an all-time high. Imports declined, reflecting in part a slowdown in clothing shipments from China. The Commerce Department reported Wednesday that the gap between what the United States imports and what it sells to foreign countries narrowed by 9.2% from a record monthly deficit of $60.57 billion in February.
April 13, 2005 |
Surging oil prices and Chinese textile imports helped boost the U.S. trade deficit to a record $61 billion in February, the Commerce Department reported Tuesday, suggesting that economic growth this year wasn't as robust as previously believed. The report calls for tougher curbs on Chinese clothing imports and for Beijing to stop undervaluing its currency, which critics say gives its exports an unfair advantage in global markets. Some analysts said the deficit primarily reflected a strong U.S.
April 2, 2005 |
Chinese exports of hosiery, cotton trousers and knit shirts to the U.S. surged last quarter, according to a rushed release Friday of Commerce Department data meant to help U.S. companies petition for caps on Chinese imports. Cotton dress imports rose 259% in the first quarter from the first three months of 2004, the Commerce Department said. Pajama imports increased 52%, and cotton trouser shipments were more than 15 times what they were last year.
January 12, 2005 |
Surging exports helped push China's trade surplus to a six-year high of $32 billion in 2004, the Chinese government reported Tuesday. December's trade surplus of $11.1 billion, the eighth straight month of surplus, was up 92.7% compared with the same month in 2003, the Ministry of Commerce said. China's exports rose 35.4% in 2004 from a year earlier to $593.4 billion, while imports climbed 36% to $561.4 billion, the ministry said, citing customs statistics. The $32-billion surplus was up 25.
February 14, 2004 |
California is finally back on a strong export growth track, thanks to surging overseas demand for everything from high-tech computers to low-tech waste paper. The state's merchandise exports rose 13.9% in the final three months of 2003, the strongest year-over-year quarterly gain in three years, according to government trade statistics released Friday.
August 15, 2003 |
Exports from California dipped 2.5% in the second quarter as shipments of technology goods continued their long slide, according to trade statistics released Thursday. Computers and electronics -- the state's No. 1 export merchandise -- declined for the 10th straight quarter to $8.6 billion.
November 20, 2002 |
California's exports slid more than 8% in the third quarter, led by continued steep declines in shipments of technology equipment, according to trade statistics released Tuesday. For the three months ended in September, California exports totaled $22.9 billion, down from $25 billion in the same period a year earlier. Government trade statistics compiled by the Massachusetts Institute for Social and Economic Research showed that the year-to-date decline is even worse.
June 10, 2002 |
International trade moving through the Los Angeles area is expected to increase by a modest 3.6% to $220.2 billion in 2002, reflecting a sluggish economic recovery, according to a forecast being released today by the Los Angeles Economic Development Corp. That's still well below the record $230 billion in 2000, but it would be an improvement over last year, when a slowing economy and the Sept. 11 tragedy saw two-way trade slide 7.6%.
June 4, 2002 |
Imports through the ports of Los Angeles and Long Beach jumped in April amid concern about possible labor unrest next month. Imports through the Port of Los Angeles increased 22% in April from a year earlier; they rose 13% at the Port of Long Beach, the ports reported, as talks between ocean carriers and West Coast dockworkers entered a fourth week. Three years ago, longshore workers at both ports slowed down operations when the two sides failed to reach an agreement in time. The rise in imports at the nation's two busiest container ports came in part because importers are taking precautions against a possible work slowdown, said Robin Lanier, executive director of the West Coast Waterfront Coalition, an industry organization.