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Since 2003 oil imports have exceeded exports and in recent years investment income has slumped.
In recent years, American imports have exceeded exports by about $500 billion a year.
The Korea Customs Service reported that imports exceeded exports by $87 million for the first monthly deficit since January 2000.
Imports of goods and services exceeded exports by $10.8 billion in December, an increase in the deficit of $2.1 billion compared with November's figures.
Growth in the first three months of the year was more lackluster than the government had initially estimated as businesses cut deeply into inventories and imports exceeded exports by a larger margin than the government had expected.
The appetite in those markets for Japanese exports has been a primary driver of economic growth here over the last several quarters, but in the third quarter, imports exceeded exports, a rare occurrence in Japan.
Similar(49)
Its energy demand is increasing tremendously and cost of petroleum import exceeded export earnings by 2008 NBE [2010]]).
Saudi Arabia, one of the world's top oil exporters, expects domestic consumption to exceed exports by that year purely to feed its internal needs for automotive fuel.
Following the economic collapse of the mid-1970s, imports came to exceed exports.
Most Pacific Islands' annual imports (excluding those of New Zealand, Papua New Guinea, and Hawaii) far exceed exports.
Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com