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
US Versus India Key Product Trade Balances
The United States of America experienced a total -US$25.5 billion trade deficit at the hands of India in 2019. America’s latest yearly negative trade balance with India reflects a 1.1% increase since 2015 and an 11.2% expansion from its -$22.9 billion in red ink during 2018. To give some context to the magnitude of America’s product deficit from exchanging exported and … [Read more...] about US Versus India Key Product Trade Balances
Top Glass and Glassware Exports by Country
Glass and glassware exports by country totaled US$76.5 billion in 2019. That dollar amount reflects a 12.2% gain for all product shippers over the five-year period starting in 2015 when shipments of these commodities were worth $68.3 billion. Year over year, the value of exported glass and glassware decreased by -1.5% from 2018 to 2019. Made principally from silica, glass is a … [Read more...] about Top Glass and Glassware Exports by Country
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
Corn Imports by Country
Global purchases of imported corn cost a total US$36.7 billion in 2019. Overall, the value of corn imports grew by 10.8% for all importing countries since 2015 when corn purchases were valued at $33.1 billion. Year over year, international buys of corn fell by -2.2% from 2018 to 2019. From a continental perspective, Asian countries spent the most on imported corn during 2019 … [Read more...] about Corn Imports by Country