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China’s EV push fuels 80% June rise in passenger-car exports as domestic demand weakens
world2 days ago

China’s EV push fuels 80% June rise in passenger-car exports as domestic demand weakens

China’s passenger-car exports surged 80% year-on-year in June, driven by strong demand for electric vehicles, while domestic sales declined about 26%. For the first half of 2026, exports jumped 72% to over 4.4 million vehicles, with June exports around 905,000 cars (up from 809,000 in May). Analysts say the domestic market remains under pressure from price wars and a sluggish property sector, compounded by cutbacks in EV subsidies; meanwhile Chinese automakers like BYD are expanding overseas. Some forecasts suggest 2026 exports could reach around 10 million vehicles, though domestic demand may stay soft.

via Yahoo|
#automotive#china#domestic-sales
AI-driven demand lifts China’s manufacturing in June as exports rebound
business11 days ago

AI-driven demand lifts China’s manufacturing in June as exports rebound

China’s official manufacturing PMI rose to 50.3 in June, signaling expansion driven by high‑tech and AI-related production and a rebound in new export orders, while the non‑manufacturing PMI edged up to 50.2. External demand provided a lift amid weak domestic demand and a property downturn, with policymakers showing little sign of near‑term stimulus despite some improvement in exports.

via CNBC|
#ai#business#china
Japan's May exports jump at fastest pace in over three years on chips and cars
economy24 days ago

Japan's May exports jump at fastest pace in over three years on chips and cars

Japan's May exports rose 17% year-on-year—the fastest since November 2022—driven by a 61.2% surge in semiconductor shipments and a 16.4% jump in car exports, with volumes barely higher, indicating price and weak-yen effects. Imports rose 12.5% YoY, while energy imports fell, and the data comes as the Bank of Japan raised rates to 1% amid inflation and a softer global outlook.

via CNBC|
#cars#economy#exports
China's 2nd Shock Rewires Global Trade, Europe Braces for Slowdown
world25 days ago

China's 2nd Shock Rewires Global Trade, Europe Braces for Slowdown

China’s exports now account for a rising share of global trade, delivering a second, more disruptive “China Shock” that now hits advanced economies like Germany and the euro zone hard. As China moves up the value chain with EVs, batteries, and high-tech machinery, European producers face intensified competition, contributing to stagnation or slower growth in Germany and broader EU economies. The development has spurred policy debate at the G7 on how to manage China’s overcapacity, while Beijing’s push to boost domestic consumption could reshape global trade balances in the coming years.

via AP News|
#china#economy#europe
economy1 month ago

US trade deficit slips to $55.9B in April 2026 as exports rise

The U.S. goods and services deficit totaled $55.9 billion in April 2026, down from $56.6 billion in March. Exports rose 2.6% to $327.1 billion while imports increased 2.0% to $383.0 billion. The goods deficit fell to $83.7 billion and the services surplus declined to $27.8 billion. Year-to-date the deficit is about 49% lower than the same period in 2025, driven by higher exports and smaller import totals. The release includes revisions to March data and annual revisions to trade statistics, with the next update scheduled for July 7, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#april-2026#bea-census#economy
business1 month ago

April 2026 Trade Gap Narrows as Exports Rise and Imports Climb

The U.S. trade deficit narrowed to $55.9 billion in April 2026 as exports climbed to $327.1 billion and imports rose to $383.0 billion. The improvement came from a smaller goods deficit and a slightly reduced services surplus, with year-to-date deficits down about 49% versus 2025. Exports of goods increased (notably in capital goods, computers, civilian aircraft, and crude oil), while imports rose especially for capital goods and electronics (semiconductors and telecommunications equipment). Services exports edged lower while imports in services rose modestly. The release includes revisions to prior months and notes on data methodology.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#balance-of-payments#business#exports
Russia Surges Crude Exports as Drone Strikes Strain Refineries
world1 month ago

Russia Surges Crude Exports as Drone Strikes Strain Refineries

Russia is exporting crude at the strongest pace since its 2022 invasion, with four-week shipments around 3.64 million barrels per day through May 31 and year-to-date about 3.46 million barrels per day, as Ukrainian drone strikes hit refineries and push more crude onto global markets. May processing fell to a 16-year low, prompting Moscow to ban jet-fuel exports, while global oil prices are supported by tensions around Iran and the closure of the Strait of Hormuz.

via Bloomberg.com|
#energy#exports#markets
Tuapse Oil Hub Hit: Kyiv Claims $300M+ Damages and Export Losses
world2 months ago

Tuapse Oil Hub Hit: Kyiv Claims $300M+ Damages and Export Losses

Kyiv says Ukrainian strikes on Russia’s Tuapse port facilities and the Tuapse refinery in April and May 1 caused more than $300 million in direct damage and substantial losses from halted oil exports, with earlier attacks triggering fires, damaging storage tanks and prompting environmental concerns along the Black Sea coast; Ukrainian officials say the campaign is aimed at degrading Russia’s oil-refining capacity and its broader military-economic strength.

via Kyiv Post|
#exports#oil#russia
China delivers 5% Q1 growth on export strength, despite tepid domestic demand
economy2 months ago

China delivers 5% Q1 growth on export strength, despite tepid domestic demand

China’s economy grew 5% in the first quarter, beating economists’ expectations as robust exports offset weak domestic demand. Industrial output rose 5.7% and retail sales gained 1.7% in March, while fixed-asset investment climbed 1.7% and property investment fell 11.2%. Unemployment stood at 5.4%. Beijing kept a 4.5–5% annual target, but the outlook faces pressure from higher energy costs linked to the Iran conflict and a softer global demand environment.

via CNBC|
#china-economy#economy#exports