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
Import News
Coffee Imports by Country
Global purchases of imported coffee totaled an estimated US$30.2 billion in 2019. Overall, the value of imported coffee decreased by -3% for all importing countries since 2015 when coffee purchases were valued at $31.1 billion. From 2018 to 2019, worldwide coffee imports fell in value by -5.1%. From a continental perspective, European countries drank the highest dollar worth … [Read more...] about Coffee Imports by Country
China’s Rice Imports by Country
Considering the 1.4 billion mouths to feed in China, it should come as no surprise that the People’s Republic is the world’s third-biggest importer of rice behind Iran and Saudi Arabia. Total rice imports by country cost China a total US$1.25 billion via purchases from 14 rice-supplying trade partners during 2019. That dollar amount reflects a -14.9% decrease in cost since … [Read more...] about China’s Rice Imports by Country
Philippines Top 10 Imports
The Republic of the Philippines imported US$112.9 billion worth of goods from around the globe in 2019. That dollar amount reflects a 60.9% acceleration since 2015 but a -1.9% downtick from 2018 to 2019. Based on the average exchange rate for 2019, the Philippine peso depreciated by -13.8% against the US dollar since 2015 but increased by 1.6% from 2018 to 2019. The weaker … [Read more...] about Philippines Top 10 Imports
Mexico’s Top Trading Partners
Officially named the United Mexican States, Mexico shares its northern border with the United States and parts of its south-eastern perimeter with Guatemala and Belize. Mexico exported 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. Exports from Mexico represent 2.5% of … [Read more...] about Mexico’s Top Trading Partners