Philippines Trade Deficit Narrows in July ℹ️
Philippines' trade deficit narrowed to USD 4.05 billion in July 2025, with exports increasing 17.3% year-on-year and supported by strong performance in electronic products, mineral products, and machinery exports.
Moderate economic indicator showing resilience in Philippine exports despite US tariffs, with diversified export destinations and potential implications for emerging market dynamics.
Turkey Trade Deficit Smallest in 9 Months ℹ️
Turkey's trade deficit narrowed to USD 6.44 billion in July 2025, with exports rising 11% year-on-year and imports increasing 5.4%, despite a 15% US tariff on Turkish exports.
Moderate economic signals suggest resilient export performance despite trade challenges, with potential implications for emerging market dynamics and regional trade patterns.
Mexico Weighs Higher Tariffs on China ℹ️
Mexico plans to raise tariffs on Chinese goods in its 2026 budget proposal, targeting cars, textiles, and plastics to protect local businesses and align with U.S. trade strategies.
Potential trade policy shifts could create moderate market volatility, impacting global supply chains and manufacturing sectors with implications for international trade dynamics.
Mexico Trade Deficit Narrows in July ℹ️
Mexico reported a $0.017 billion trade deficit in July 2025, with exports rising 4% to $56.7 billion and imports growing 1.7% to $56.7 billion, showing mixed economic performance.
Trade data reveals nuanced economic signals with moderate growth in exports and imports, suggesting stable but not robust economic momentum. The narrowing trade deficit indicates potential stabilization of international trade dynamics.
Indonesia Secures U.S. Tariff Exemption Deal on Commodities ℹ️
The U.S. has agreed to potentially exempt Indonesian exports of cocoa, palm oil, and rubber from a 19% tariff, with Indonesia offering investments and purchases of U.S. goods in return.
Trade negotiations suggest potential economic stabilization and reduced trade barriers, which could have moderate implications for emerging market investments and commodity-related sectors.
Hong Kong Trade Deficit Widens in July ℹ️
Hong Kong's trade deficit expanded to $34.1 billion in July 2025, with exports rising 14.3% and imports increasing 16.5%, driven by strong growth in electrical machinery and telecommunications equipment.
Trade data reveals complex global supply chain dynamics with mixed regional performance, indicating potential shifts in manufacturing and technology sectors without immediate dramatic market implications.
Thailand Unexpectedly Posts Trade Surplus in July ℹ️
Thailand recorded an unexpected trade surplus of USD 0.32 billion in July 2025, with exports growing 11.0% year-on-year and shipments to the US surging 31.4%, driven by front-loaded exports ahead of potential US tariffs.
Unexpected trade surplus indicates robust economic performance and resilient export sector, with strategic positioning ahead of potential trade barriers. Consistent export growth for 13 consecutive months suggests underlying economic strength and adaptability.
Saudi Arabia Trade Surplus Largest in 4 Months ℹ️
Saudi Arabia's trade surplus expanded to SAR 22.0 billion in June 2025, with exports rising 3.7% year-on-year and non-oil exports surging 22.1%, despite a 2.5% decline in oil exports.
Robust trade performance indicates economic resilience, with non-oil sector growth offsetting oil export decline. Significant increase in machinery and electrical equipment imports suggests potential industrial and infrastructure development.
Canada Scraps Half of Tariffs on U.S. Goods, Keeps Steel and Auto Duties ℹ️
Canada will lift 25% tariffs on various U.S. goods like orange juice, peanut butter, and wine starting September 1, while maintaining tariffs on steel, aluminum, and automobiles, in an effort to reset trade relations.
Trade policy adjustments suggest a potential de-escalation of trade tensions, which could have moderate implications for market stability and international trade dynamics. The selective tariff removal indicates a nuanced approach to trade negotiations.
India Stands Firm on Trade Redlines Amid U.S. Tariff Pressure ℹ️
India and the US are experiencing escalating trade tensions, with potential US tariffs up to 50% on Indian goods due to India's Russian oil imports, while bilateral trade currently exceeds $190 billion.
Geopolitical trade friction creates uncertainty in global markets, potentially impacting emerging market investments and international trade dynamics without immediate catastrophic consequences.
Uruguay Balance of Trade Swings to Surplus in July ℹ️
Uruguay recorded a trade surplus of $88.8 million in July 2025, with exports rising 13.1% and imports growing 4.1%, driven by increases in primary goods, manufactured products, and consumer/capital goods.
Macroeconomic data shows modest trade performance with balanced growth across export and import categories. Limited direct implications for global market indices or specific portfolio holdings due to Uruguay's relatively small economic scale.
South Africa Trade Surplus Shrinks Slightly ℹ️
South Africa recorded a trade surplus of ZAR 20.3 billion in July 2025, with imports rising 10.2% and exports increasing 8.5% across various product categories.
Marginal trade surplus indicates stable economic conditions with balanced import and export growth. Moderate fluctuations suggest minimal direct portfolio implications, with slight positive economic indicators.
Sri Lanka Trade Deficit Narrows in July ℹ️
Sri Lanka's trade deficit decreased in July 2025, with imports rising 8.5% to USD 1.88 billion and exports increasing 15.2% to USD 1.30 billion.
Marginal improvement in trade balance suggests modest economic stabilization, with export growth slightly outpacing import growth. Limited direct implications for global market sentiment.
Macau Trade Deficit Narrows in July ℹ️
Macau's trade deficit narrowed in July, with exports rising 8.8% year-on-year, driven by increases in watches and jewelry, while imports decreased by 1.9%.
Marginal trade improvements suggest limited global economic implications, with localized sectoral shifts in export and import patterns.
Montenegro Trade Deficit Posts Historical High ℹ️
Montenegro's trade deficit expanded to EUR 364 million in July 2025, with exports rising 8.5% and imports increasing 2.8%, marking the largest deficit since 2007.
Macroeconomic data reveals a marginal trade deficit increase with modest growth in both exports and imports, suggesting limited immediate market disruption and minimal portfolio implications.
Swedish Trade Surplus Narrows in July ℹ️
Sweden's trade surplus decreased to SEK 4.5 billion in July 2025, with exports falling 2.0% year-on-year and imports declining 0.6%, though year-to-date trade surplus remains higher at SEK 65.7 billion.
Marginal trade fluctuations suggest limited immediate economic disruption, with year-to-date performance showing resilience. Modest changes in export and import volumes indicate stable underlying economic conditions without significant market-moving potential.
Kosovo Trade Deficit Widens in July ℹ️
Kosovo's trade deficit expanded to EUR 576.4 million in July 2025, with imports rising 13.5% while exports declined 2.4%, indicating challenging economic conditions.
Trade deficit data suggests minor economic stress with increased import dependency and weakened export performance. Limited direct implications for global market portfolios due to Kosovo's small economic scale.
El Salvador’s Trade Gap Expands in July ℹ️
El Salvador experienced a widening trade deficit in July 2025, with imports growing 28% to $1,720.2 million while exports increased only 11.7% to $641.7 million.
Macroeconomic data reveals increasing trade imbalance with higher import growth compared to exports, suggesting potential economic challenges but not immediately catastrophic for global markets.
Palestine Trade Gap Expands in June ℹ️
Palestine's trade deficit expanded to USD 388.4 million in June 2025, with imports rising 9% and exports increasing 14%, primarily driven by trade with Israel.
Trade data reveals modest economic activity with incremental changes in import and export volumes. Limited direct implications for global financial markets due to Palestine's small economic scale.