Imports purchased by the 28 members of the European Union totaled US$5.778 trillion in 2017. That dollar amount reflects a -2.8% drop in the value of EU import purchases since 2013 but a 10.4% year-over-year uptick from 2016 to 2017. European imports represent an estimated 32.6% of total world imports which amounted to $17.718 trillion […]
World’s Top Imports: Products and Countries
June 13, 2018 by
The world’s top imports by product and leading buyer countries reveal the commodities most in demand on international market and the location for the most lucrative opportunities for selling to foreign purchasers. To peruse those two key lists, please read on. Note that the product categories used in this analysis are at the four-digit Harmonized […]
Top Wine Importing Countries
June 7, 2018 by
Global purchases of imported wine totaled US$35.8 billion in 2017. Overall, the value of wine imports for all importing countries rose by an average 0.9% since 2013 when wine purchases were valued at $35.5 billion. Year over year, international purchases of wine appreciated by 9.6% from 2016 to 2017. From a continental perspective, European countries […]
Top United States Trade Balances
June 6, 2018 by
Refined petroleum, soya beans, corn and semi-conductor making machinery are major drivers for the highest positive trade balances for the United States. Cars, crude oil and smartphones represent major factors causing the US to endure the greatest trade deficits by product. America’s trade balance for all products totaled a -US$862.7 billion deficit for 2017, up […]
America’s Top Trading Partners
June 5, 2018 by
US President Donald Trump has called into question the merits of the North American Free Trade Agreement (NAFTA). In 2017, a third of American exports (34%) were delivered to Canada and Mexico. However, that percentage could change should the NAFTA agreement be dissolved. The world’s second-largest exporter, the United States shipped US$1.547 trillion worth of […]
Wheat Imports by Country
June 3, 2018 by
Global purchases of imported wheat totaled US$41.6 billion in 2017. Overall, the value of wheat imports for all importing countries declined by an average -16.1% since 2013 when wheat purchases were valued at $49.6 billion. Year over year, the value of imported wheat appreciated by 7.6%. The 4-digit Harmonized Tariff System code prefix is 1001 […]
Coffee Imports by Country
June 2, 2018 by
Global purchases of imported coffee totaled US$32.9 billion in 2017. Overall, the value of coffee imports rose by 13.9% for all importing countries since 2013 when coffee purchases were valued at $28.8 billion. From 2016 to 2017, imported coffee appreciated by 9.4%. From a continental perspective, European countries accounted for the highest dollar worth of […]
Cotton Imports by Country
May 31, 2018 by
Global purchases of imported cotton in 2017 totaled US$49.9 billion. Overall, the value of cotton imported into all importing countries dropped by an average -20.5% since 2013 when cotton purchases were valued at $62.8 billion. In contrast, global cotton imports appreciated by 11.1% from 2016 to 2017. From a continental perspective, Asian countries bought nearly […]
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