The overall US trade balance for all products totaled -US$923.2 billion in red ink for 2019. That trade deficit reflects a -2.4% reduction from the -$946.4 billion negative score for 2018 but a 16.9% expansion from -$789.7 billion in 2012. Refined petroleum oils, petroleum gases, soya beans, coal and corn are counterbalancing drivers behind the highest positive trade balances … [Read more...] about Top United States Trade Balances
North America
United States Top 10 Imports
The United States of America imported US$2.568 trillion worth of goods from around the globe in 2019. That dollar amount reflects an 11% gain since 2015 but a -1.7% downtick from 2018 to 2019. From a continental perspective, 43.4% of America’s total imports by value in 2019 were purchased from providers in Asia. Fellow North American trade partners supplied 26.8% of import … [Read more...] about United States Top 10 Imports
Canada’s Top 10 Exports
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
United States Top 10 Exports
The United States of America shipped $1.645 trillion worth of goods around the globe in 2019. That dollar amount reflects a 9.5% increase since 2015 but a -1.2% decline from 2018 to 2019. The latest available country-specific data shows that 68% of products exported from the US were bought by importers in: Canada (17.8% of the global total), Mexico (15.6%), China (6.5%), Japan … [Read more...] about United States Top 10 Exports
Canada’s Top 10 Imports
Canada imported US$453.1 billion worth of goods from foreign suppliers in 2019. That dollar amount represents an 8% increase compared to 2015 but a -1.5% dip from 2018 to 2019. Based on the average exchange rate for 2019, the Canadian dollar depreciated by -3.8% against the US dollar since 2015 and dropped by -2.4% from 2018 to 2019. Canada's weaker local currency makes its … [Read more...] about Canada’s Top 10 Imports