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
Import News
France’s Top 10 Imports
French imports totaled US$638 billion in 2019, up by 13.3% since 2015 but down by -3.4% from 2018 to 2019. Based on the average exchange rate for 2019, the euro appreciated by 0.9% against the US dollar since 2015 but declined by -5.5% from 2018 to 2019. The weaker EU currency makes France's imports paid for in stronger US dollars relatively less expensive since 2018 when … [Read more...] about France’s Top 10 Imports
Germany’s Top Trading Partners
The world’s third-largest exporter after China and the United States, Germany shipped US$1.486 trillion worth of goods around the globe in 2019. That dollar amount reflects a 12.3% improvement since 2015 but a -4.5% retreat from 2018 to 2019. That dollar figure represents roughly 7.7% compared to overall global exports estimated at $19.285 trillion one year earlier in … [Read more...] about Germany’s Top Trading Partners
Japan’s Top Trade Balances
In 2019 cars, automobile parts or accessories and machinery for making semi-conductors are major drivers for the highest positive trade balances for Japan. Japan’s total trade balance for all products equaled a -US$15.2 billion deficit for 2019, down -82.6% from the -$87.4 billion in red ink for 2012. Year over year, Japan’s -$15.2 billion trade deficit in 2019 represents a … [Read more...] about Japan’s Top Trade Balances
Japan’s Top Trading Partners
Known as the Land of the Rising Sun, Japan is a major economic and political power in Asia. Yet it is a North American nation--the United States--that became the number one purchaser of Japanese export products during 2019. The world’s fourth-largest exporter, Japan shipped $705.7 billion worth of goods around the globe in 2019. That dollar amount reflects a -4.4% decline … [Read more...] about Japan’s Top Trading Partners