Worldwide purchases of imported pharmaceutical drugs and medicines cost a total US$399.7 billion in 2018. Overall, spending on pharmaceutical drugs and medicine imports rose 5.9% for all importer countries since 2014 when import purchases of drugs and medicines were valued at $377.4 billion. Year over year, international purchases of drugs and medicines appreciated by 5.2% … [Read more...] about Imports of Drugs and Medicines by Country
Import News
Top South Korean Trade Balances
Exported electronics components and cars were major factors behind South Korea’s highest trade surpluses by product. Hong Kong and China placed first and second respectively among trade partners with which South Korea won the highest positive trade balances. South Korea’s overall trade surplus for all products equaled US$39.1 billion in 2019, up by 38.2% from a $28.3 billion … [Read more...] about Top South Korean Trade Balances
Top United States Trade Balances
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
Thailand’s Top Trading Partners
The Kingdom of Thailand shipped US$245.3 billion worth of goods around the globe in 2019. That dollar amount reflects a 16.4% gain since 2015 but a -1.8% decline from 2018 to 2019. That dollar figure represents roughly 1.3% of overall global exports estimated at $19.285 trillion on year earlier during 2018 (calculated on February 2, 2019). Applying a continental lens, almost … [Read more...] about Thailand’s Top Trading Partners
Australia’s Top Trading Partners
Nicknamed the Land Down Under, Australia is an island economy that strongly benefits from its close proximity to the vast markets of China and Japan which together represent over 40% of all Australian export sales. From a global perspective, Australia shipped US$272.4 billion worth of products worldwide during 2019. That dollar amount reflects a 42.5% increase since 2015 and a … [Read more...] about Australia’s Top Trading Partners