Gold, mobile phones and computers were major factors behind the United Kingdom’s highest trade deficits by product. Germany and China placed first and second respectively among trade partners with which United Kingdom endured the highest negative trade balances. The United Kingdom’s overall trade deficit incorporating all products and countries equaled -US$220.4 billion in … [Read more...] about Top UK Trade Balances
Import News
India’s Top 10 Imports
India imported US$480 billion worth of goods from around the globe in 2019, up by 22.8% since 2015 but down by -5.7% from 2018 to 2019. Based on the average exchange rate for 2019, the Indian rupee depreciated by -9.8% against the US dollar since 2015 and declined by -3% from 2018 to 2019. The weaker Indian rupee makes India's imports paid for in stronger US dollars in 2019 … [Read more...] about India’s Top 10 Imports
Top South African Trading Partners
Formerly called Zuid-Afrika, South Africa continues to cope with international trade constraints presented by its geographic location notably in relation to distant South African trading partners like China, Germany and the United States. Overall, South Africa shipped US$90.2 billion worth of products around the globe in 2019. Down -4.4% since 2018, that dollar figure … [Read more...] about Top South African Trading Partners
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
India’s Top Trading Partners
Officially named the Republic of India, India is a South Asian nation that shares land borders with China, Nepal and Bhutan to its north-east, Burma and Bangladesh to its east, and Pakistan to its west. India exported US$322.8 billion worth of goods around the globe in 2019. That dollar amount reflects a -0.4% reduction since 2015 but a 22.3% gain from 2018 to 2019. Applying … [Read more...] about India’s Top Trading Partners