11月，泰国最大的市场——美国的进口额同比增长了37.9%，达到了64.7 亿美元；而对中国市场的出口额则下降了7.8%。 在1月至11月这段时间内，出口额较去年同期增长了12.6%。该部门预计， 2025全年出口额的增长幅度将在11.6%至12.1%之间。 如此高的增长率反映出运往美国的货物数量出现了大幅增长，这一趋势主 要出现在上半年，因为生产商及其客户都试图避免面临关税威胁。 今年8月，美国对从泰国进口的大多数商品征收了19%的关税，这一税率 与其他该地区国家的税率是一致的。 11月的进口额较去年同期增长了17.6%，而此前预计这一增幅仅为14%； 因此，当月的贸易逆差达到了27.3亿美元，而预期中的逆差金额为11.2亿美 元。 该国的贸易平衡在10月份出现了34亿美元的逆差，这一数字是自2023年1 月以来最大的贸易逆差幅度。 （原标题：泰国11月的出口额增长了7.1%，这一增幅低于预期） 据曼谷邮报12月25日报道,泰国商业部周四表示，11月份，泰国出口商品的美元 价值较去年同期增长了7.1%，这一数字略低于市场预期。 该国连续第二个月出现了高于预期的贸易逆差，这是因为进口的增长速度超过 了出口的增 ...

沙法克新闻报道，伊拉克中央银行宣布，截至2025年9月，伊拉克的进口额为 630.93亿美元，进口产品主要为消费品、资本货物、石油产品。 （原标题：伊拉克前9个月进口额超过600亿美元） ...

老美关税壁垒确立后，只要贸易摩擦趋于稳定，那么长期贸易改善其实是板上钉钉的，这方面增加的实际物价上涨，最理想的结果 是能够以出口国的投资或者内部制造成本降低去抵消，那这样的话美国的通胀实际上还是会降低的，而至于制造业的问题，那是3-5 年的周期，现在看意义不大，只要工厂开起来，自然就会有成熟的技工，美国不是没技术，是没有回落地执行技术的工人！ 而在进口端，美国虽保持增长但增速温和，当月进口额3421亿美元，环比仅增0.6%，结构上呈现"刚需消费品进口增长、资本货物 进口收缩"的特征，其中，消费品进口增加102亿美元，资本货物进口却显著减少56亿美元。 因此，美国只要服务业不衰退，经济就有韧性，只要工作能够解决，那么选票就有保障，大抵李斯特的贸易保护主义的精髓，特朗 普都在用，不过数字货币那堆东西，算其对于李斯特经济可持续性的一种突破创新。 不过，和过去不同，以前美国的逆差减少，无非是进口的少了！ 但这一次的数据不一样，其9月贸易逆差数据的超预期改善（美国在2025年9月录得贸易逆差528亿美元，为自2020年6月以来的最低 水平），核心驱动力来自出口端的爆发式增长而非进口的断崖式收缩。 数据显示，当月出口总值 ...

Core Insights - The latest statistics from the EU Statistical Office indicate that the Producer Price Index (PPI) for the Eurozone and the EU has rebounded in October, with a month-on-month increase of 0.1% after a previous decline [1][2] - Year-on-year, industrial prices are on a downward trend, with the Eurozone PPI decreasing by 0.5% and the EU by 0.2% compared to the same month in the previous year [1] Group 1: Monthly Changes - In October, the prices of intermediate goods, energy, capital goods, and durable consumer goods in the Eurozone all increased by 0.1% month-on-month, while non-durable consumer goods saw a decrease of 0.2% [1] - The previous month, September, recorded a month-on-month decline of 0.1% for both the Eurozone and the EU [1] Group 2: Yearly Changes - Energy prices significantly contributed to the overall decline in industrial prices, with Eurozone energy prices dropping by 3.9% year-on-year and EU energy prices down by 2.5% [1] - Excluding energy, the year-on-year PPI for the Eurozone and the EU increased by 0.9% [1] - In the non-energy sector, capital goods prices rose by 1.7%, durable goods by 1.5%, non-durable goods by 1.4%, and intermediate goods by 0.1% year-on-year [1] Group 3: Country-Specific Variations - Among EU member states, Bulgaria recorded the highest month-on-month increase in industrial producer prices at 4.6%, followed by Ireland and Estonia with increases of 1.4% and 1.3%, respectively [2] - Conversely, Slovakia, Poland, and Italy experienced month-on-month declines of 1.0%, 0.5%, and 0.4% [2] - Year-on-year, Luxembourg saw the largest decline at 5.6%, followed by Ireland at 3.6% and Austria at 2.6% [2] - In contrast, Bulgaria's industrial producer prices surged by 17.6% year-on-year, with Romania and Sweden also experiencing significant increases of 9.4% and 4.9%, respectively [2]

Core Insights - Croatia's industrial output in August increased by 5.7% year-on-year, according to the Croatian Bureau of Statistics [1] - However, there was a month-on-month decline of 1.4% compared to July [1] Domestic vs. Foreign Market Performance - In the domestic market, industrial revenue rose by 6% year-on-year [1] - Conversely, revenue from foreign markets decreased by 1.2% [1] Sector-Specific Sales Performance - Energy sales fell by 9.8%, non-durable goods by 4.6%, intermediate goods by 3.2%, and capital goods by 1.1% compared to July [1] - Durable goods sales, however, increased by 4.3% [1] Year-on-Year Comparisons - Compared to August 2024, capital goods sales grew by 10.1%, intermediate goods by 8.5%, and durable goods by 0.4% [1] - Energy sales saw a significant decline of 17.4%, while non-durable goods decreased by 0.4% [1]

Core Insights - Italy's industrial output increased by 0.4% month-on-month in July, surpassing the revised 0.2% growth in June and exceeding market expectations of a 0.1% decline, marking the strongest monthly growth since April 2025 [1] - Year-on-year, industrial output grew by 0.9% in July, reversing the 0.7% decline recorded in June, indicating a positive shift in the industrial sector [1] Sector Performance - Consumer goods output saw a significant month-on-month increase of 2.1%, while capital goods and intermediate goods rose by 1.6% and 0.7% respectively [1] - The energy sector experienced a notable decline, with output dropping by 7.8% month-on-month [1] Industry Highlights - The coke and refined petroleum products manufacturing sector was the standout performer, with a year-on-year growth of 10.8% [1] - The computer and electronic products manufacturing sector grew by 6.4% year-on-year, and the food, beverage, and tobacco industry saw a 5.7% increase, indicating strong internal growth dynamics [1] Economic Outlook - Analysts suggest that despite the significant drag from the energy sector, the ongoing expansion in key manufacturing areas indicates a solidifying recovery in Italy's industrial sector [1] - Current data reflects a rebound in domestic demand and resilience in investment goods production, providing support for the economic outlook in the second half of the year [1]

Core Viewpoint - The article discusses the recent developments in US-China trade relations, highlighting the trade deficit data and the outcomes of the latest economic talks between the two countries [3][8]. Trade Deficit Analysis - In June 2025, the US trade deficit in goods and services decreased to $60.2 billion, down from a revised $71.7 billion in May, marking a 16% month-over-month decline [4]. - Exports in June totaled $277.3 billion, a slight decrease of $1.3 billion or 0.5% from May, while imports fell to $337.5 billion, down $12.8 billion or 3.7% [4][6]. - The reduction in the trade deficit was primarily due to a decrease in the goods deficit, which fell by $11.4 billion to $85.9 billion, alongside a slight increase in the services surplus [6]. Sector-Specific Insights - The decline in goods exports was driven by reductions in industrial supplies and materials, as well as computer accessories, which decreased by $4.8 billion and $1.2 billion, respectively [6]. - Conversely, capital goods and consumer goods saw increases in exports, rising by $2 billion and $1 billion, respectively [6]. - On the import side, consumer goods, industrial supplies, and automotive parts all experienced declines, with consumer goods decreasing by $8.4 billion [6]. Year-to-Date Trade Performance - For the first half of 2025, the US trade deficit increased by $161.5 billion compared to the same period last year, representing a 38.3% rise [6]. - Exports rose by $82.2 billion year-over-year, a 5.2% increase, while imports surged by $243.7 billion, a 12.1% increase [6]. US-China Trade Relations - In June, China's exports to the US showed signs of recovery, with the year-over-year decline narrowing by 18.4 percentage points, amounting to approximately $38.17 billion [7]. - The share of exports to the US in China's total exports increased from 9.1% to 11.7% [7]. Recent Economic Talks - Recent US-China economic talks held in Stockholm focused on trade relations and macroeconomic policies, with both sides expressing a commitment to continue dialogue and cooperation [8]. - The talks resulted in an agreement to extend the suspension of certain tariffs and countermeasures for an additional 90 days, aiming to stabilize trade relations [8].

Group 1 - In June, the trade deficit for goods and services decreased to $602 billion, down $115 billion from May, marking a 16% month-over-month decline [1][3] - Exports in June totaled $2,773 billion, a slight decrease of $13 billion or 0.5% from May, while imports fell to $3,375 billion, down $128 billion or 3.7% [1][3] - The increase in the trade deficit for the first half of the year was $1,615 billion, a 38.3% rise compared to the same period last year, with exports up by $822 billion (5.2%) and imports up by $2,437 billion (12.1%) [3] Group 2 - In June, U.S. exports to China decreased by approximately $381.7 billion, with the decline narrowing by 18.4 percentage points compared to previous months [4] - The U.S. trade talks with China in Stockholm focused on economic relations and macroeconomic policies, aiming to stabilize trade relations and inject certainty into global economic development [4] - Both parties agreed to extend the suspension of tariffs and countermeasures for an additional 90 days, reflecting a commitment to further dialogue and cooperation [4]

Core Insights - The U.S. trade deficit reached a record high of $140.5 billion in March, increasing by 14.0% from the revised $123.2 billion in February, primarily due to increased imports before tariff hikes [1] - For the first quarter, the trade deficit expanded significantly, contributing to a negative GDP growth for the first time in three years [1] Trade Deficit and Import/Export Data - In March, the trade deficit for goods and services was $140.5 billion, up $17.3 billion from February, marking a 14.0% increase [1] - Exports in March totaled $278.5 billion, a slight increase of $0.5 billion or 0.2% from February, while imports rose to $419.0 billion, an increase of $17.8 billion or 4.4% [1] - Year-to-date through March, the trade deficit increased by $1.896 billion or 92.6% compared to the same period in 2024, with exports up by $411 million (5.2%) and imports up by $2.307 billion (23.3%) [1] Average Trade Data - For the three months ending in March, the average trade deficit rose by $14.1 billion to $131.4 billion, with average exports increasing by $4.0 billion to $275.7 billion and average imports increasing by $18.1 billion to $407.1 billion [1] Detailed Breakdown of Goods and Services - In March, goods exports increased by $1.3 billion to $183.2 billion, with notable growth in industrial supplies, natural gas, non-monetary gold, and automobiles, while capital goods saw a decline [3] - Services exports decreased by $0.9 million to $95.2 billion, with a significant drop in travel services, although transportation and financial services showed mixed results [3] - Goods imports rose by $17.8 billion to $346.8 billion, driven by increases in consumer goods and capital goods, while industrial supplies and non-monetary gold saw declines [3] - Services imports decreased slightly by $0.1 million to $72.2 billion, with varying changes in travel and transportation services [4] Actual Trade Data - In March, the actual goods trade deficit increased by $14.0 billion or 10.2% to $150.9 billion, with actual goods exports rising by $2.4 billion (1.6%) to $149.7 billion and actual goods imports increasing by $16.4 billion (5.8%) to $300.6 billion [4] Trade Partner Dynamics - In March, the U.S. had trade surpluses with countries like the Netherlands and regions in South America and Central America, while experiencing trade deficits with the EU and Ireland, with increased deficits noted with Ireland and France, and a decrease with Switzerland [4]