Australias five largest trade surpluses have all been recorded in 2019.
In light of the trade tensions between the US and China and a slowdown in world trade, it is pleasing to see our exporters continuing to weather global storms, with 17 consecutive trade surpluses and a new monthly record trade surplus.
This could be explained by a weakness in Philippines peso compared to the US dollar, in which all trade surpluses
and deficits are expressed.
The trade surpluses
recorded in the recent months suggest that the region is suffering from a weak domestic demand.
While running trade deficits with Asian neighbors like Taiwan to tie them politically to Beijing, China is running record trade surpluses
with the European Union and the United States, making America and the West as dependent upon China for our manufactures as we are on OPEC for our oil.
The large rise in the price of copper, soybeans, and iron ore is producing large trade surpluses
for Brazil, Chile, Argentina, and Peru.
Significant improvements were made in bulk petrochemicals and intermediates, plastic resin and other industrial chemical trade surpluses
. However, the global economy is not maintaining the momentum of 2000, experts reported.
September was the 23rd consecutive month of trade surpluses
recorded since November 1997.
Japan has had large trade surpluses
for the last several decades, because the household savings have been larger than the domestic investment.
Among our top five EU trading nations, we have trade deficits with Germany, France, and Italy, and trade surpluses
with the UK and Netherlands, which you can easily see using our new trade dashboard, Mr Dolan said.
This article will explore the cases of the Top 5 trade surpluses
in 2016, how they got there, and what's next for them.
According to Central Statistical Office (CSO), the African country continued to record continued trade surpluses
in the entire last year with the highest reaching KR473.2 million (K473.2 billion) at the end of the year.