Nicknamed the Great White North, Canada exported a total US$446.5 billion worth of products around the globe in 2019. That dollar amount reflects a 9.2% increase since 2015 but a -0.9% dip from 2018 to 2019. Based on the average exchange rate for 2019, the Canadian dollar has depreciated by -3.8% against the US dollar since 2015 and retreated by -2.4% from 2018 to 2019. … [Read more...] about Canada’s Top 10 Exports
North America
Top Mexican Trade Balances
Overall, Mexico posted a $5 billion trade surplus in 2019 when all exported and imported products are included in the calculation. That dollar amount in black ink reverses a -$44.7 million deficit 7 years earlier in 2012. Year over year, Mexico's $5 billion trade surplus in 2019 represents a reversal from the -$13.4 billion deficit that North America’s southernmost nation … [Read more...] about Top Mexican Trade Balances
New York State’s Top 10 Exports
Nicknamed “The Empire State” and located in the northeastern United States, New York state shipped US$73.3 billion worth of goods around the globe in 2019. That dollar amount reflects a -13.5% decline from 2018 to 2019 and a -4.5% downturn since 2016. New York is America’s third-biggest exporter by state behind Texas and California. The value of New York’s exports equals 4.5% … [Read more...] about New York State’s Top 10 Exports
Mexico’s Top 10 Exports
Formally the United Mexican States, Mexico shipped US$472.3 billion worth of goods around the globe in 2019. That dollar amount reflects a 24% increase since 2015 and a 4.7% uptick from 2018 to 2019. Based on the average exchange rate for 2019, the Mexican peso depreciated by -21.6% against the US dollar since 2015 and slipped by -0.1% from 2018 to 2019. Mexico's weaker local … [Read more...] about Mexico’s Top 10 Exports
China Versus US Key Product Trade Balances
The People’s Republic of China earned a total US$295.3 billion trade surplus at the expense of the United States of America in 2019. China’s latest yearly positive trade balance with America reflects a 13% increase since 2015 but a -8.8% decline from its $323.7 billion in black ink during 2018. To give some context to the magnitude of China’s product surplus from exchanging … [Read more...] about China Versus US Key Product Trade Balances